Zuckerman Investment Group LLC Acquires Shares of 5,800 GXO Logistics, Inc. $GXO

Key Points

• Zuckerman Investment Group LLC invested approximately $227,000 in GXO Logistics, Inc. by acquiring 5,800 shares during the 1st quarter.
• Numerous institutional investors, including Gamco Investors and Gabelli Funds, have also increased their stakes in GXO, illustrating a strong institutional interest as they now own 90.67% of the company.
• GXO Logistics reported a quarterly EPS of $0.57, surpassing analyst estimates, and its revenue increased by 15.9% year-over-year to $3.30 billion.

Zuckerman Investment Group LLC bought a new position in GXO Logistics, Inc. (NYSE:GXO - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,800 shares of the company's stock, valued at approximately $227,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of GXO Logistics by 0.3% during the first quarter. Vanguard Group Inc. now owns 11,370,657 shares of the company's stock valued at $444,365,000 after purchasing an additional 37,852 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of GXO Logistics by 29.0% during the first quarter. Dimensional Fund Advisors LP now owns 3,608,468 shares of the company's stock valued at $141,021,000 after purchasing an additional 810,298 shares during the last quarter. Kovitz Investment Group Partners LLC raised its holdings in shares of GXO Logistics by 27.0% during the first quarter. Kovitz Investment Group Partners LLC now owns 3,330,176 shares of the company's stock valued at $130,143,000 after purchasing an additional 708,661 shares during the last quarter. Spruce House Investment Management LLC raised its holdings in shares of GXO Logistics by 133.3% during the fourth quarter. Spruce House Investment Management LLC now owns 2,100,000 shares of the company's stock valued at $91,350,000 after purchasing an additional 1,200,000 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of GXO Logistics by 66.2% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,819,395 shares of the company's stock valued at $71,102,000 after purchasing an additional 724,535 shares during the last quarter. Institutional investors own 90.67% of the company's stock.

GXO Logistics Price Performance

Shares of GXO traded down $0.25 during mid-day trading on Friday, reaching $52.67. The stock had a trading volume of 849,881 shares, compared to its average volume of 1,198,956. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 2.12 and a beta of 1.64. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $63.33. The business has a fifty day moving average of $51.00 and a 200 day moving average of $43.13. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.76 and a current ratio of 0.76.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GXO. Stifel Nicolaus boosted their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Oppenheimer boosted their price objective on shares of GXO Logistics from $55.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. UBS Group boosted their price objective on shares of GXO Logistics from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Barclays upped their target price on shares of GXO Logistics from $45.00 to $52.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Finally, Susquehanna upped their target price on shares of GXO Logistics from $58.00 to $60.00 and gave the company a "positive" rating in a report on Thursday, August 7th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, GXO Logistics has a consensus rating of "Moderate Buy" and an average price target of $59.50.

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.