Quantbot Technologies LP Has $3.31 Million Stake in GXO Logistics, Inc. $GXO

Key Points

• Quantbot Technologies LP has significantly increased its stake in GXO Logistics, acquiring an additional 68,635 shares, bringing its total holdings to 84,752 shares valued at approximately $3.3 million.
• Wall Street analysts have shown positive sentiment towards GXO, with multiple firms raising their price targets and assigning ratings of "Buy" and "Overweight," indicating confidence in the company's growth potential.
• GXO Logistics reported a quarterly earnings per share (EPS) of $0.57, exceeding expectations and reflecting a 15.9% increase in revenue year-over-year, with a current market cap of $6.1 billion.

Quantbot Technologies LP boosted its holdings in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 425.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,752 shares of the company's stock after purchasing an additional 68,635 shares during the quarter. Quantbot Technologies LP owned 0.07% of GXO Logistics worth $3,312,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of GXO. Janney Montgomery Scott LLC grew its position in shares of GXO Logistics by 13.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,243 shares of the company's stock worth $674,000 after purchasing an additional 2,076 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in GXO Logistics by 2.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 38,679 shares of the company's stock worth $1,512,000 after buying an additional 886 shares in the last quarter. KBC Group NV grew its position in GXO Logistics by 20.0% during the first quarter. KBC Group NV now owns 5,821 shares of the company's stock worth $227,000 after buying an additional 969 shares in the last quarter. Principal Financial Group Inc. increased 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 worth $10,740,000 after acquiring an additional 831 shares during the period. Finally, GAMMA Investing LLC raised its holdings in GXO Logistics by 57.0% in 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 in the last quarter. Institutional investors and hedge funds own 90.67% of the company's stock.

Analysts Set New Price Targets

GXO has been the topic of several analyst reports. Susquehanna increased their target price on GXO Logistics from $58.00 to $60.00 and gave the stock a "positive" rating in a report on Thursday, August 7th. Citigroup upped their price objective 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. Stifel Nicolaus increased their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Truist Financial raised shares of GXO Logistics from a "hold" rating to a "buy" rating and raised their target price for the company from $48.00 to $62.00 in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of GXO Logistics from $56.00 to $65.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $59.50.

GXO Logistics Price Performance

Shares of NYSE:GXO traded up $2.2740 during trading on Friday, hitting $54.4940. 1,039,635 shares of the company were exchanged, compared to its average volume of 1,204,727. The business's 50 day moving average is $50.17 and its 200-day moving average is $42.85. The company has a market capitalization of $6.24 billion, a P/E ratio of 102.82, a price-to-earnings-growth ratio of 1.98 and a beta of 1.64. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.87. GXO Logistics, Inc. has a 1-year low of $30.46 and a 1-year high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.57 earnings per share for the quarter, beating 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 company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the business posted $0.55 EPS. GXO Logistics's revenue for the quarter was up 15.9% on a year-over-year basis. Equities analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

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.