Engineers Gate Manager LP Increases Holdings in GXO Logistics, Inc. $GXO

Engineers Gate Manager LP grew its position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 50.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 644,807 shares of the company's stock after buying an additional 215,269 shares during the quarter. Engineers Gate Manager LP owned 0.56% of GXO Logistics worth $32,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC bought a new position in shares of GXO Logistics in the 1st quarter worth approximately $2,919,000. Edgestream Partners L.P. raised its position in GXO Logistics by 1,344.4% in the first quarter. Edgestream Partners L.P. now owns 108,601 shares of the company's stock worth $5,631,000 after acquiring an additional 101,082 shares during the period. Dimensional Fund Advisors LP raised its position in GXO Logistics by 8.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,866,867 shares of the company's stock worth $252,318,000 after acquiring an additional 371,391 shares during the period. Segall Bryant & Hamill LLC boosted its stake in shares of GXO Logistics by 9.6% during the 1st quarter. Segall Bryant & Hamill LLC now owns 261,426 shares of the company's stock worth $13,555,000 after acquiring an additional 22,940 shares during the last quarter. Finally, Advisors Preferred LLC purchased a new position in shares of GXO Logistics during the 2nd quarter worth $1,535,000. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

GXO Logistics Trading Down 1.1%

Shares of GXO stock opened at $46.18 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a fifty day simple moving average of $49.48 and a two-hundred day simple moving average of $51.77. The firm has a market capitalization of $5.30 billion, a PE ratio of 40.87, a PEG ratio of 1.45 and a beta of 1.54. GXO Logistics, Inc. has a 52-week low of $45.00 and a 52-week high of $66.85.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.58 by $0.01. The business had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.46 billion. GXO Logistics had a return on equity of 10.57% and a net margin of 0.96%.The business's revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.57 earnings per share. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. On average, analysts predict that GXO Logistics, Inc. will post 3.06 EPS for the current fiscal year.

Analysts Set New Price Targets

GXO has been the subject of several analyst reports. Truist Financial reduced their price objective on GXO Logistics from $70.00 to $55.00 and set a "buy" rating for the company in a research note on Wednesday, July 15th. Stifel Nicolaus decreased their target price on GXO Logistics from $71.00 to $70.00 and set a "buy" rating on the stock in a report on Wednesday, July 15th. Morgan Stanley lifted their target price on GXO Logistics from $75.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, July 6th. UBS Group cut their price target on GXO Logistics from $74.00 to $64.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Finally, Barclays upgraded GXO Logistics from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $58.00 to $65.00 in a research report on Wednesday, May 27th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $63.93.

About GXO Logistics

GXO Logistics NYSE: GXO is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.