Global Alpha Capital Management Ltd. Boosts Stake in GXO Logistics, Inc. (NYSE:GXO)

Key Points

• Global Alpha Capital Management Ltd. increased its stake in GXO Logistics by 7.8%, owning approximately 816,430 shares worth about $31.9 million, making it the firm's 20th largest holding.
• Several institutional investors, including LPL Financial and Franklin Resources, significantly boosted their positions in GXO Logistics, with the overall institutional ownership standing at 90.67%.
• Wall Street analysts are optimistic about GXO Logistics, as evidenced by multiple upgrades to target prices, with ranges between $58.00 and $67.00 and a consensus rating of "Moderate Buy."

Global Alpha Capital Management Ltd. raised its position in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 7.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 816,430 shares of the company's stock after purchasing an additional 59,300 shares during the quarter. GXO Logistics accounts for approximately 2.3% of Global Alpha Capital Management Ltd.'s holdings, making the stock its 20th biggest holding. Global Alpha Capital Management Ltd. owned approximately 0.70% of GXO Logistics worth $31,906,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC increased its position in shares of GXO Logistics by 59.6% during the fourth quarter. LPL Financial LLC now owns 58,454 shares of the company's stock worth $2,551,000 after acquiring an additional 21,824 shares during the period. Franklin Resources Inc. increased its position in shares of GXO Logistics by 1,523.9% during the fourth quarter. Franklin Resources Inc. now owns 86,020 shares of the company's stock worth $3,742,000 after acquiring an additional 80,723 shares during the period. Bank of Montreal Can increased its position in shares of GXO Logistics by 27.4% during the fourth quarter. Bank of Montreal Can now owns 24,112 shares of the company's stock worth $1,049,000 after acquiring an additional 5,184 shares during the period. FIL Ltd increased its position in shares of GXO Logistics by 53.3% during the fourth quarter. FIL Ltd now owns 338,548 shares of the company's stock worth $14,727,000 after acquiring an additional 117,673 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in GXO Logistics during the fourth quarter valued at approximately $20,905,000. 90.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of GXO Logistics from $57.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday. Stifel Nicolaus lifted their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the company a "buy" rating in a report on Monday, June 23rd. UBS Group lifted their price objective on shares of GXO Logistics from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday. JPMorgan Chase & Co. raised their target price on shares of GXO Logistics from $56.00 to $65.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Citigroup raised their target price on shares of GXO Logistics from $56.00 to $59.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.50.

GXO Logistics Trading Down 1.1%

NYSE:GXO opened at $50.35 on Friday. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $63.33. The firm has a fifty day simple moving average of $48.13 and a 200-day simple moving average of $42.35. The company has a current ratio of 0.76, a quick ratio of 0.78 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $5.76 billion, a P/E ratio of 95.00, a PEG ratio of 1.85 and a beta of 1.64.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.57 EPS 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 during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the firm posted $0.55 earnings per share. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities research analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current 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.

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