Maven Securities LTD Has $838,000 Position in GXO Logistics, Inc. $GXO

Key Points

• Maven Securities LTD significantly increased its stake in GXO Logistics, Inc. by 185.9% in the first quarter, owning 21,446 shares valued at approximately $838,000.
• GXO Logistics reported an earnings per share of $0.57, exceeding expectations, with quarterly revenue reaching $3.30 billion, a 15.9% year-over-year increase.
• Institutional investors currently hold about 90.67% of GXO Logistics stock, with multiple analysts raising their price targets and maintaining a consensus rating of "Moderate Buy".

Maven Securities LTD lifted its position in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 185.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,446 shares of the company's stock after buying an additional 13,946 shares during the quarter. Maven Securities LTD's holdings in GXO Logistics were worth $838,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Quantbot Technologies LP grew its stake in shares of GXO Logistics by 425.9% in the 1st quarter. Quantbot Technologies LP now owns 84,752 shares of the company's stock valued at $3,312,000 after buying an additional 68,635 shares in the last quarter. Northern Trust Corp grew its stake in shares of GXO Logistics by 1.9% in the 1st quarter. Northern Trust Corp now owns 1,024,392 shares of the company's stock valued at $40,033,000 after buying an additional 19,160 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of GXO Logistics by 9.3% in the 1st quarter. Raymond James Financial Inc. now owns 525,128 shares of the company's stock valued at $20,522,000 after buying an additional 44,557 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of GXO Logistics by 29.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,608,468 shares of the company's stock valued at $141,021,000 after buying an additional 810,298 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC grew its stake in shares of GXO Logistics by 27.0% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 3,330,176 shares of the company's stock valued at $130,143,000 after buying an additional 708,661 shares in the last quarter. Institutional investors own 90.67% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GXO. JPMorgan Chase & Co. boosted their price target on GXO Logistics from $56.00 to $65.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Oppenheimer increased their price target on GXO Logistics from $55.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Barclays increased their price target on GXO Logistics from $45.00 to $52.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Citigroup increased their price target on GXO Logistics from $56.00 to $59.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, Stifel Nicolaus increased their price target on GXO Logistics from $63.00 to $67.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $59.50.

GXO Logistics Stock Performance

GXO stock traded down $0.8050 during midday trading on Monday, hitting $53.7850. The stock had a trading volume of 145,055 shares, compared to its average volume of 1,430,453. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 101.70, a P/E/G ratio of 1.98 and a beta of 1.64. GXO Logistics, Inc. has a 52 week low of $30.46 and a 52 week high of $63.33. The stock has a 50-day simple moving average of $50.17 and a 200 day simple moving average of $42.84. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.87.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.56 by $0.01. The firm had revenue of $3.30 billion during the quarter, compared to analysts' expectations of $3.09 billion. GXO Logistics had a return on equity of 10.45% and a net margin of 0.50%.GXO Logistics's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business earned $0.55 earnings per share. As a group, equities research analysts anticipate 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.