Algert Global LLC Boosts Stake in GXO Logistics, Inc. (NYSE:GXO)

Algert Global LLC grew its stake in GXO Logistics, Inc. (NYSE:GXO) by 179.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,631 shares of the company’s stock after acquiring an additional 67,190 shares during the quarter. Algert Global LLC owned about 0.09% of GXO Logistics worth $5,448,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new position in GXO Logistics in the third quarter valued at about $28,000. UMB Bank n.a. grew its position in shares of GXO Logistics by 111.4% in the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after buying an additional 331 shares during the last quarter. Signaturefd LLC raised its stake in shares of GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after acquiring an additional 249 shares in the last quarter. Hara Capital LLC purchased a new stake in GXO Logistics during the third quarter valued at approximately $50,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in GXO Logistics by 37.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock valued at $54,000 after acquiring an additional 282 shares in the last quarter. 90.67% of the stock is owned by institutional investors.

GXO Logistics Stock Performance

Shares of GXO stock opened at $60.47 on Monday. GXO Logistics, Inc. has a 52-week low of $46.07 and a 52-week high of $63.33. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. The stock has a market cap of $7.23 billion, a PE ratio of 67.19, a price-to-earnings-growth ratio of 1.81 and a beta of 1.55. The business has a 50-day simple moving average of $57.06 and a 200-day simple moving average of $52.71.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Monday, November 4th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.78 by $0.01. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. On average, equities analysts expect that GXO Logistics, Inc. will post 2.77 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Barclays raised their price objective on GXO Logistics from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Susquehanna lowered their target price on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research note on Thursday, September 26th. Citigroup initiated coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 price target on the stock. TD Cowen boosted their price objective on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, UBS Group upped their target price on GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

About GXO Logistics

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.