Foresight Group Ltd Liability Partnership Acquires 12,370 Shares of GXO Logistics, Inc. (NYSE:GXO)

Foresight Group Ltd Liability Partnership increased its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 120.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 22,601 shares of the company’s stock after acquiring an additional 12,370 shares during the period. GXO Logistics comprises 0.5% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 19th biggest position. Foresight Group Ltd Liability Partnership’s holdings in GXO Logistics were worth $1,141,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Jump Financial LLC purchased a new stake in shares of GXO Logistics in the 4th quarter worth $203,000. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of GXO Logistics by 7.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,708 shares of the company’s stock worth $288,000 after buying an additional 325 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of GXO Logistics by 16.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,988 shares of the company’s stock worth $122,000 after buying an additional 287 shares during the period. Brown Advisory Inc. lifted its holdings in shares of GXO Logistics by 122.1% in the 4th quarter. Brown Advisory Inc. now owns 23,415 shares of the company’s stock worth $1,432,000 after buying an additional 12,872 shares during the period. Finally, Norges Bank purchased a new stake in shares of GXO Logistics in the 4th quarter worth $65,002,000. 90.67% of the stock is owned by institutional investors.

GXO Logistics Trading Up 0.5 %

Shares of NYSE:GXO opened at $51.75 on Thursday. The business’s 50-day moving average is $50.66 and its 200 day moving average is $50.42. GXO Logistics, Inc. has a 1 year low of $46.07 and a 1 year high of $63.07. The firm has a market capitalization of $6.18 billion, a P/E ratio of 37.23, a P/E/G ratio of 1.46 and a beta of 1.58. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.86.

GXO Logistics (NYSE:GXO) last announced its earnings results on Tuesday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02). GXO Logistics had a net margin of 1.35% and a return on equity of 9.86%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period in the prior year, the company earned $0.70 earnings per share. The company’s quarterly revenue was up 18.9% on a year-over-year basis. On average, research analysts predict that GXO Logistics, Inc. will post 2.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GXO shares. Wells Fargo & Company started coverage on GXO Logistics in a research note on Friday, June 7th. They set an “overweight” rating and a $58.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 9th. Finally, UBS Group decreased their price objective on GXO Logistics from $71.00 to $66.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.45.

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.