New Age Alpha Advisors LLC Boosts Stock Position in GXO Logistics, Inc. (NYSE:GXO)

Key Points

• New Age Alpha Advisors LLC increased its stake in GXO Logistics, Inc. by 154.1%, acquiring an additional 10,462 shares to bring its total holdings to 17,251 shares valued at $674,000.
• GXO Logistics reported a 15.9% increase in revenue year-over-year, reaching $3.30 billion, and beat analysts' EPS estimates for the quarter with $0.57 compared to the expected $0.56.
• Several analysts have raised their price targets for GXO Logistics, with most recent targets ranging from $58.00 to $67.00, reflecting a strong consensus with a rating of "Moderate Buy".

New Age Alpha Advisors LLC grew its stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 154.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,251 shares of the company's stock after buying an additional 10,462 shares during the period. New Age Alpha Advisors LLC's holdings in GXO Logistics were worth $674,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of GXO. Larson Financial Group LLC boosted its stake in shares of GXO Logistics by 2,460.7% during the first quarter. Larson Financial Group LLC now owns 717 shares of the company's stock valued at $28,000 after acquiring an additional 689 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of GXO Logistics by 57.0% during the first 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. Golden State Wealth Management LLC acquired a new stake in shares of GXO Logistics during the first quarter valued at $34,000. Quarry LP boosted its stake in shares of GXO Logistics by 1,334.9% during the fourth quarter. Quarry LP now owns 1,234 shares of the company's stock valued at $54,000 after acquiring an additional 1,148 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of GXO Logistics by 135.6% during the first quarter. UMB Bank n.a. now owns 1,762 shares of the company's stock valued at $69,000 after acquiring an additional 1,014 shares during the last quarter. Hedge funds and other institutional investors own 90.67% of the company's stock.

GXO Logistics Stock Up 2.4%

Shares of NYSE GXO traded up $1.21 on Tuesday, hitting $51.36. The company had a trading volume of 1,131,605 shares, compared to its average volume of 1,461,510. GXO Logistics, Inc. has a 12-month low of $30.46 and a 12-month high of $63.33. The business has a 50 day moving average of $48.33 and a two-hundred day moving average of $42.35. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $5.88 billion, a P/E ratio of 96.90, a PEG ratio of 1.83 and a beta of 1.64.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly 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. GXO Logistics had a return on equity of 10.45% and a net margin of 0.50%. The business 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 firm posted $0.55 earnings per share. The company's revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GXO shares. Stifel Nicolaus lifted their price objective on GXO Logistics from $63.00 to $67.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Truist Financial raised GXO Logistics from a "hold" rating to a "buy" rating and lifted their price objective for the company from $48.00 to $62.00 in a research report on Friday, July 11th. UBS Group lifted their price objective on GXO Logistics from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Barclays lifted their price objective on GXO Logistics from $45.00 to $52.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Finally, Oppenheimer boosted their price target on GXO Logistics from $55.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $59.50.

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.