Dimensional Fund Advisors LP Raises Stock Holdings in 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 raised its stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 29.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,608,468 shares of the company's stock after acquiring an additional 810,298 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.08% of GXO Logistics worth $141,021,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GXO. Janney Montgomery Scott LLC increased its stake in GXO Logistics by 13.7% in the first quarter. Janney Montgomery Scott LLC now owns 17,243 shares of the company's stock valued at $674,000 after purchasing an additional 2,076 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in GXO Logistics by 2.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 38,679 shares of the company's stock valued at $1,512,000 after purchasing an additional 886 shares during the last quarter. KBC Group NV increased its stake in GXO Logistics by 20.0% in the first quarter. KBC Group NV now owns 5,821 shares of the company's stock valued at $227,000 after purchasing an additional 969 shares during the last quarter. Principal Financial Group Inc. increased its stake in GXO Logistics by 0.3% in the first quarter. Principal Financial Group Inc. now owns 274,832 shares of the company's stock valued at $10,740,000 after purchasing an additional 831 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in GXO Logistics by 57.0% in the first quarter. GAMMA Investing LLC now owns 832 shares of the company's stock valued at $33,000 after purchasing an additional 302 shares during the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Susquehanna upped their target price on GXO Logistics from $58.00 to $60.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. Wells Fargo & Company upped their target price on GXO Logistics from $57.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Barclays upped their target price on GXO Logistics from $45.00 to $52.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Stifel Nicolaus upped their price target on GXO Logistics from $63.00 to $67.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Finally, Truist Financial upgraded GXO Logistics from a "hold" rating to a "buy" rating and upped their price target for the stock from $48.00 to $62.00 in a research note on Friday, July 11th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $59.50.

GXO Logistics Stock Up 0.2%

Shares of NYSE GXO traded up $0.12 on Tuesday, hitting $53.30. The company had a trading volume of 1,267,597 shares, compared to its average volume of 1,224,190. GXO Logistics, Inc. has a 12-month low of $30.46 and a 12-month high of $63.33. The business has a 50 day moving average of $50.58 and a two-hundred day moving average of $42.99. 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 firm has a market capitalization of $6.10 billion, a P/E ratio of 100.57, a PEG ratio of 1.93 and a beta of 1.64.

GXO Logistics (NYSE:GXO - Get Free Report) last issued 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. The company had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.09 billion. GXO Logistics had a return on equity of 10.45% and a net margin of 0.50%.The company's revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 earnings per share. As a group, equities research analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

GXO Logistics Company Profile

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.