Landscape Capital Management L.L.C. Buys New Position in GXO Logistics, Inc. $GXO

Key Points

• Landscape Capital Management L.L.C. invested approximately $297,000 in GXO Logistics, acquiring 7,612 shares during the first quarter.
• Several institutional investors have increased their positions in GXO, with notable increases of over 2,000% from Larson Financial Group LLC.
• Analyst upgrades for GXO Logistics include increased target prices, with Oppenheimer raising it from $55.00 to $62.00, signaling a positive outlook on the stock.

Landscape Capital Management L.L.C. bought a new stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,612 shares of the company's stock, valued at approximately $297,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Zuckerman Investment Group LLC purchased a new stake in shares of GXO Logistics in the first quarter valued at about $227,000. Gamco Investors INC. ET AL purchased a new stake in shares of GXO Logistics in the first quarter valued at about $648,000. Gabelli Funds LLC raised its holdings in shares of GXO Logistics by 18.7% in the first quarter. Gabelli Funds LLC now owns 31,106 shares of the company's stock valued at $1,216,000 after purchasing an additional 4,900 shares during the last quarter. Comerica Bank grew its position in GXO Logistics by 32.4% during the first quarter. Comerica Bank now owns 66,180 shares of the company's stock valued at $2,586,000 after buying an additional 16,212 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in GXO Logistics by 72.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company's stock valued at $37,000 after buying an additional 396 shares during the period. Hedge funds and other institutional investors own 90.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Truist Financial upgraded shares of GXO Logistics from a "hold" rating to a "buy" rating and increased their price target for the company from $48.00 to $62.00 in a research report on Friday, July 11th. Stifel Nicolaus increased 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 increased 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. Citigroup increased their target price on shares of GXO Logistics from $56.00 to $59.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Barclays increased their target price on shares of GXO Logistics from $45.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $59.50.

GXO Logistics Price Performance

Shares of GXO Logistics stock traded down $0.14 on Wednesday, reaching $51.11. The stock had a trading volume of 502,518 shares, compared to its average volume of 1,152,380. GXO Logistics, Inc. has a 1 year low of $30.46 and a 1 year high of $63.33. The company has a market cap of $5.85 billion, a P/E ratio of 96.44, a price-to-earnings-growth ratio of 2.11 and a beta of 1.65. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.87. The business's 50 day moving average is $51.29 and its two-hundred day moving average is $43.44.

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

GXO Logistics 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.