Vaughan Nelson Investment Management L.P. Reduces Holdings in GXO Logistics, Inc. $GXO

Key Points

• Vaughan Nelson Investment Management L.P. reduced its holdings in GXO Logistics, Inc. by 8.1%, selling 146,535 shares during the 2nd quarter, leaving it with 1,672,860 shares valued at approximately $81.47 million.
• Institutional investors own 90.67% of GXO Logistics, with several funds increasing their stakes significantly during the 1st quarter, including an increase of 1,521.9% from Alliancebernstein L.P.
• GXO Logistics reported a quarterly earnings per share (EPS) of $0.57, slightly above analyst expectations, with revenue of $3.30 billion reflecting a 15.9% year-over-year growth.

Vaughan Nelson Investment Management L.P. decreased its position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 8.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,672,860 shares of the company's stock after selling 146,535 shares during the period. Vaughan Nelson Investment Management L.P. owned about 1.46% of GXO Logistics worth $81,468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd increased its stake in GXO Logistics by 6.5% during the 1st quarter. Orbis Allan Gray Ltd now owns 13,473,172 shares of the company's stock worth $526,532,000 after buying an additional 818,353 shares during the period. Vanguard Group Inc. increased its stake in GXO Logistics by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 11,370,657 shares of the company's stock worth $444,365,000 after buying an additional 37,852 shares during the period. Dimensional Fund Advisors LP increased its stake in GXO Logistics by 29.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,608,468 shares of the company's stock worth $141,021,000 after buying an additional 810,298 shares during the period. Kovitz Investment Group Partners LLC increased its stake in GXO Logistics by 27.0% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 3,330,176 shares of the company's stock worth $130,143,000 after buying an additional 708,661 shares during the period. Finally, Alliancebernstein L.P. increased its stake in GXO Logistics by 1,521.9% during the 1st quarter. Alliancebernstein L.P. now owns 2,511,289 shares of the company's stock worth $98,141,000 after buying an additional 2,356,452 shares during the period. Hedge funds and other institutional investors own 90.67% of the company's stock.

GXO Logistics Trading Down 0.2%

NYSE GXO opened at $53.71 on Friday. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $63.33. The company has a 50-day simple moving average of $51.70 and a 200-day simple moving average of $45.32. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market capitalization of $6.15 billion, a PE ratio of 101.34, a price-to-earnings-growth ratio of 2.16 and a beta of 1.64.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on GXO shares. Weiss Ratings reissued a "sell (d+)" rating on shares of GXO Logistics in a report on Saturday, September 27th. Susquehanna raised their price objective on shares of GXO Logistics from $58.00 to $60.00 and gave the stock a "positive" rating in a report on Thursday, August 7th. Wells Fargo & Company raised their price objective on shares of GXO Logistics from $57.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. The Goldman Sachs Group raised shares of GXO Logistics from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $52.00 to $68.00 in a report on Wednesday, September 24th. Finally, Stifel Nicolaus raised their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Eleven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $60.86.

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.

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