Assenagon Asset Management S.A. Makes New $16.05 Million Investment in GXO Logistics, Inc. $GXO

Key Points

• Assenagon Asset Management acquired 361,201 GXO Logistics shares worth approximately $16.05 million, giving it a 0.31% stake. Institutional investors collectively own 90.67% of the company.
• GXO shares opened at $47.18, near the lower end of their 52-week range of $43.61 to $66.85. The company recently reported quarterly EPS of $0.59, slightly above estimates, while revenue rose 4.3% year over year to $3.44 billion.
• Analysts remain broadly positive, with 13 Buy ratings and two Holds; GXO has a consensus “Moderate Buy” rating and an average price target of $63.29, well above the current share price.

Assenagon Asset Management S.A. acquired a new position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 361,201 shares of the company's stock, valued at approximately $16,055,000. Assenagon Asset Management S.A. owned 0.31% of GXO Logistics at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Retirement Planning Co of New England Inc. raised its position in GXO Logistics by 9.5% during the 3rd quarter. Retirement Planning Co of New England Inc. now owns 18,583 shares of the company's stock worth $826,000 after buying an additional 1,608 shares during the last quarter. Diversified Management Inc. purchased a new stake in shares of GXO Logistics in the 3rd quarter valued at $1,372,000. GAMMA Investing LLC boosted its holdings in shares of GXO Logistics by 14.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,841 shares of the company's stock valued at $82,000 after acquiring an additional 231 shares during the last quarter. Quintet Private Bank Europe S.A. increased its stake in shares of GXO Logistics by 100.0% in the third quarter. Quintet Private Bank Europe S.A. now owns 9,400 shares of the company's stock worth $418,000 after acquiring an additional 4,700 shares during the period. Finally, Moody National Bank Trust Division increased its stake in shares of GXO Logistics by 73.2% in the third quarter. Moody National Bank Trust Division now owns 26,830 shares of the company's stock worth $1,193,000 after acquiring an additional 11,335 shares during the period. 90.67% of the stock is owned by hedge funds and other institutional investors.

GXO Logistics Trading Down 0.0%

Shares of GXO Logistics stock opened at $47.18 on Monday. The firm has a 50-day simple moving average of $46.51 and a two-hundred day simple moving average of $49.82. 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, Inc. has a fifty-two week low of $43.61 and a fifty-two week high of $66.85. The company has a market cap of $5.41 billion, a P/E ratio of 41.75, a price-to-earnings-growth ratio of 1.47 and a beta of 1.57.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.01. The firm had revenue of $3.44 billion for 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 quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm earned $0.57 EPS. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. As a group, equities analysts predict that GXO Logistics, Inc. will post 3.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GXO has been the subject of a number of research reports. UBS Group decreased their target price on shares of GXO Logistics from $74.00 to $64.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Wells Fargo & Company assumed coverage on GXO Logistics in a research report on Tuesday, July 28th. They set an "overweight" rating and a $18.00 price target on the stock. The Goldman Sachs Group raised GXO Logistics from a "neutral" rating to a "buy" rating and set a $61.00 price target on the stock in a research report on Wednesday, October 14th. Weiss Ratings upgraded GXO Logistics from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday. Finally, Citizens Jmp assumed coverage on GXO Logistics in a research note on Wednesday, July 15th. They set a "market perform" rating and a $80.00 price objective for the company. Thirteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $63.29.

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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