Dimensional Fund Advisors LP Purchases 810,298 Shares of GXO Logistics, Inc. $GXO

Key Points

• Dimensional Fund Advisors LP increased its stake in GXO Logistics by 29.0%, owning approximately 3.08% of the company with a total value of $141.02 million as of its latest filing.
• GXO Logistics reported quarterly earnings showing a year-over-year revenue increase of 15.9% and an earnings per share (EPS) of $0.57, exceeding analyst expectations.
• Analysts have raised their price targets for GXO Logistics, with new target prices ranging from $59.00 to $67.00, reflecting a consensus rating of "Moderate Buy."

Dimensional Fund Advisors LP lifted its position in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 29.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,608,468 shares of the company's stock after buying an additional 810,298 shares during the quarter. Dimensional Fund Advisors LP owned about 3.08% of GXO Logistics worth $141,021,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC lifted its stake in shares of GXO Logistics by 13.7% in the first quarter. Janney Montgomery Scott LLC now owns 17,243 shares of the company's stock worth $674,000 after buying an additional 2,076 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in GXO Logistics by 2.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 38,679 shares of the company's stock worth $1,512,000 after acquiring an additional 886 shares during the period. KBC Group NV increased its position in GXO Logistics by 20.0% during the first quarter. KBC Group NV now owns 5,821 shares of the company's stock worth $227,000 after acquiring an additional 969 shares during the period. Principal Financial Group Inc. increased its position in GXO Logistics by 0.3% during the first quarter. Principal Financial Group Inc. now owns 274,832 shares of the company's stock worth $10,740,000 after acquiring an additional 831 shares during the period. Finally, GAMMA Investing LLC increased its position in GXO Logistics by 57.0% during the first quarter. GAMMA Investing LLC now owns 832 shares of the company's stock worth $33,000 after acquiring an additional 302 shares during the period. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Stock Performance

GXO Logistics stock traded down $1.0530 on Monday, hitting $53.5370. The company's stock had a trading volume of 469,676 shares, compared to its average volume of 1,432,537. The firm has a market cap of $6.13 billion, a P/E ratio of 101.04, a price-to-earnings-growth ratio of 1.98 and a beta of 1.64. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.87. The company has a fifty day moving average price of $50.17 and a 200-day moving average price of $42.84. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.01. GXO Logistics had a net margin of 0.50% and a return on equity of 10.45%. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The firm's quarterly revenue was up 15.9% compared to the same quarter last year. On average, equities analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of GXO Logistics from $57.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Stifel Nicolaus boosted their target price on shares of GXO Logistics from $63.00 to $67.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Oppenheimer boosted their target price on shares of GXO Logistics from $55.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Susquehanna boosted their target price on shares of GXO Logistics from $58.00 to $60.00 and gave the stock a "positive" rating in a research report on Thursday, August 7th. Finally, Truist Financial raised shares of GXO Logistics from a "hold" rating to a "buy" rating and boosted their target price for the stock from $48.00 to $62.00 in a research report on Friday, July 11th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $59.50.

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.