Natixis Advisors LLC Purchases 110,111 Shares of GXO Logistics, Inc. (NYSE:GXO)

Key Points

• Natixis Advisors LLC has increased its stake in GXO Logistics by 51.9%, acquiring an additional 110,111 shares during the first quarter, raising its total ownership to 322,282 shares valued at approximately $12.6 million.
• A significant influx of institutional investment in GXO Logistics has occurred, with notable increases in share ownership from various firms, indicating strong market interest in the company.
• GXO Logistics reported earnings of $0.29 per share for the last quarter, surpassing analysts' expectations, with a revenue increase of 21.2% year-over-year, highlighting the company's robust financial performance.

Natixis Advisors LLC increased its position in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 51.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 322,282 shares of the company's stock after purchasing an additional 110,111 shares during the quarter. Natixis Advisors LLC owned 0.28% of GXO Logistics worth $12,594,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC boosted its stake in GXO Logistics by 13.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,243 shares of the company's stock valued at $674,000 after acquiring an additional 2,076 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in GXO Logistics by 2.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 38,679 shares of the company's stock valued at $1,512,000 after acquiring an additional 886 shares during the last quarter. KBC Group NV boosted its stake in GXO Logistics by 20.0% during the 1st quarter. KBC Group NV now owns 5,821 shares of the company's stock valued at $227,000 after acquiring an additional 969 shares during the last quarter. Principal Financial Group Inc. boosted its stake in GXO Logistics by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 274,832 shares of the company's stock valued at $10,740,000 after acquiring an additional 831 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in GXO Logistics by 57.0% during the 1st quarter. GAMMA Investing LLC now owns 832 shares of the company's stock valued at $33,000 after acquiring an additional 302 shares during the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

GXO Logistics Price Performance

Shares of NYSE GXO traded up $1.53 during mid-day trading on Wednesday, reaching $50.51. The company had a trading volume of 3,397,111 shares, compared to its average volume of 929,331. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.78 and a current ratio of 0.78. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $63.33. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 95.30, a PEG ratio of 1.79 and a beta of 1.64. The business's 50-day simple moving average is $47.57 and its 200 day simple moving average is $42.21.

GXO Logistics (NYSE:GXO - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.01. GXO Logistics had a return on equity of 10.41% and a net margin of 0.50%. The firm had revenue of $3.30 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter in the previous year, the business posted $0.55 earnings per share. The business's revenue for the quarter was up 15.9% on a year-over-year basis. On average, research analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GXO has been the topic of a number of research reports. 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 report on Thursday, July 10th. Citigroup increased their price objective on shares of GXO Logistics from $56.00 to $59.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Truist Financial raised shares of GXO Logistics from a "hold" rating to a "buy" rating and increased their price objective for the stock from $48.00 to $62.00 in a report on Friday, July 11th. JPMorgan Chase & Co. increased their price objective on shares of GXO Logistics from $52.00 to $56.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company increased their price objective on shares of GXO Logistics from $48.00 to $57.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, GXO Logistics currently has a consensus rating of "Moderate Buy" and an average target price of $57.43.

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.