Susquehanna Fundamental Investments LLC Raises Stock Position in GXO Logistics, Inc. (NYSE:GXO)

Susquehanna Fundamental Investments LLC boosted its position in GXO Logistics, Inc. (NYSE:GXO) by 537.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,732 shares of the company’s stock after purchasing an additional 116,125 shares during the quarter. Susquehanna Fundamental Investments LLC owned about 0.12% of GXO Logistics worth $6,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of GXO. Eminence Capital LP purchased a new stake in shares of GXO Logistics in the second quarter worth $79,698,000. Swedbank AB bought a new position in GXO Logistics in the 1st quarter worth about $84,672,000. Spruce House Investment Management LLC raised its holdings in shares of GXO Logistics by 827.8% in the 2nd quarter. Spruce House Investment Management LLC now owns 900,000 shares of the company’s stock valued at $45,450,000 after acquiring an additional 803,000 shares in the last quarter. Fort Pitt Capital Group LLC boosted its position in shares of GXO Logistics by 60.4% during the 1st quarter. Fort Pitt Capital Group LLC now owns 1,853,549 shares of the company’s stock valued at $99,647,000 after acquiring an additional 698,180 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of GXO Logistics by 25.2% during the second quarter. American Century Companies Inc. now owns 3,221,818 shares of the company’s stock worth $162,702,000 after purchasing an additional 648,547 shares in the last quarter. 90.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GXO. JPMorgan Chase & Co. raised their target price on shares of GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Wells Fargo & Company began coverage on shares of GXO Logistics in a research report on Friday, June 7th. They set an “overweight” rating and a $58.00 price objective on the stock. Susquehanna reduced their target price on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research note on Thursday. Finally, UBS Group dropped their price target 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 equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.27.

GXO Logistics Stock Up 1.2 %

Shares of NYSE:GXO opened at $52.19 on Friday. The stock has a market capitalization of $6.24 billion, a P/E ratio of 37.55, a price-to-earnings-growth ratio of 1.55 and a beta of 1.58. The stock’s 50-day moving average price is $50.44 and its 200-day moving average price is $50.55. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.87. GXO Logistics, Inc. has a 12-month low of $46.07 and a 12-month high of $63.07.

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

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.