30,855 Shares in GXO Logistics, Inc. $GXO Purchased by Diversified Management Inc.

Key Points

• Diversified Management Inc. acquired 30,855 GXO Logistics shares during the third quarter, worth approximately $1.37 million. Institutional investors collectively own 90.67% of the company’s stock.
• GXO reported quarterly earnings of $0.59 per share, slightly exceeding analyst expectations, while revenue reached $3.44 billion, up 4.3% year over year but below forecasts.
• Shares opened at $46.36, near the lower end of their 52-week range. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $63.79.

Diversified Management Inc. acquired a new stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,855 shares of the company's stock, valued at approximately $1,372,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Trust Co. of Vermont purchased a new stake in GXO Logistics in the 2nd quarter worth $37,000. Integrated Wealth Concepts LLC purchased a new position in GXO Logistics during the second quarter valued at $48,000. Nykredit A S purchased a new position in GXO Logistics during the second quarter valued at $73,000. GAMMA Investing LLC grew its position in shares of GXO Logistics by 14.3% in the third quarter. GAMMA Investing LLC now owns 1,841 shares of the company's stock valued at $82,000 after purchasing an additional 231 shares during the period. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of GXO Logistics during the 1st quarter worth about $104,000. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

GXO Logistics Trading Up 0.8%

Shares of GXO Logistics stock opened at $46.36 on Friday. GXO Logistics, Inc. has a fifty-two week low of $43.61 and a fifty-two week high of $66.85. The stock has a 50 day moving average of $46.84 and a 200 day moving average of $50.00. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 41.02, a PEG ratio of 1.44 and a beta of 1.57. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.79.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.01. The business had revenue of $3.44 billion during the quarter, compared to analysts' expectations of $3.46 billion. GXO Logistics had a return on equity of 10.57% and a net margin of 0.96%.The company's revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 EPS. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. As a group, research analysts predict that GXO Logistics, Inc. will post 3.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GXO shares. Morgan Stanley increased their price objective on GXO Logistics from $75.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday, July 6th. Truist Financial decreased their price target on shares of GXO Logistics from $70.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday, July 15th. Citizens Jmp began coverage on shares of GXO Logistics in a research report on Wednesday, July 15th. They set a "market perform" rating and a $80.00 price target on the stock. Stifel Nicolaus decreased their target price on shares of GXO Logistics from $71.00 to $70.00 and set a "buy" rating on the stock in a research note on Wednesday, July 15th. Finally, Stephens began coverage on GXO Logistics in a report on Wednesday, July 8th. They set an "overweight" rating and a $75.00 target price on the stock. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.79.

GXO Logistics Profile

GXO Logistics, Inc NYSE: GXO is a contract logistics company that manages supply chain operations for businesses across a range of industries, including retail, consumer goods, technology, healthcare, food and beverage, and industrial products. Its services are designed to help customers store, move and fulfill merchandise and materials efficiently.

The company provides warehousing and distribution, order fulfillment, transportation management, reverse logistics, and value-added services such as product processing, packaging and returns management.

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