GAMMA Investing LLC Buys 31,985 Shares of GXO Logistics, Inc. (NYSE:GXO)

GAMMA Investing LLC raised its holdings in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 6,034.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,515 shares of the company's stock after acquiring an additional 31,985 shares during the period. GAMMA Investing LLC's holdings in GXO Logistics were worth $12,710,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of GXO. Kovitz Investment Group Partners LLC lifted its stake in shares of GXO Logistics by 28,112.6% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company's stock valued at $114,036,000 after purchasing an additional 2,612,223 shares during the period. Norges Bank bought a new stake in shares of GXO Logistics in the fourth quarter worth $55,266,000. Spruce House Investment Management LLC grew its holdings in GXO Logistics by 133.3% during the fourth quarter. Spruce House Investment Management LLC now owns 2,100,000 shares of the company's stock valued at $91,350,000 after purchasing an additional 1,200,000 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in GXO Logistics during the 4th quarter valued at approximately $47,626,000. Finally, Alyeska Investment Group L.P. purchased a new stake in GXO Logistics during the 4th quarter valued at approximately $46,523,000. 90.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group lowered their price target on GXO Logistics from $72.00 to $50.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Morgan Stanley dropped their price target on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Stifel Nicolaus reiterated a "buy" rating and issued a $66.00 price target (down previously from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Truist Financial dropped their price objective on shares of GXO Logistics from $40.00 to $35.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of GXO Logistics in a research note on Friday, March 7th. They issued a "hold" rating and a $45.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $54.57.

GXO Logistics Stock Performance

Shares of GXO traded up $0.30 during mid-day trading on Friday, hitting $42.23. The stock had a trading volume of 691,593 shares, compared to its average volume of 1,278,914. The company has a market cap of $4.83 billion, a PE ratio of 37.70, a PEG ratio of 1.34 and a beta of 1.59. The company's fifty day simple moving average is $37.75 and its two-hundred day simple moving average is $42.25. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. GXO Logistics, Inc. has a fifty-two week low of $30.46 and a fifty-two week high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.03. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the business earned $0.45 EPS. The company's quarterly revenue was up 21.2% compared to the same quarter last year. On average, equities analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

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.