GXO Logistics, Inc. (NYSE:GXO) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC raised its holdings in GXO Logistics, Inc. (NYSE:GXO) by 15.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 17,591 shares of the company’s stock after acquiring an additional 2,288 shares during the period. Natixis Advisors LLC’s holdings in GXO Logistics were worth $916,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in GXO. Eminence Capital LP acquired a new position in shares of GXO Logistics during the 2nd quarter valued at $79,698,000. Swedbank AB acquired a new position in GXO Logistics during the 1st quarter valued at approximately $84,672,000. Spruce House Investment Management LLC lifted its position in 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 purchasing an additional 803,000 shares during the last quarter. American Century Companies Inc. grew its holdings in GXO Logistics by 25.2% in the 2nd quarter. American Century Companies Inc. now owns 3,221,818 shares of the company’s stock worth $162,702,000 after buying an additional 648,547 shares in the last quarter. Finally, Fort Pitt Capital Group LLC increased its holdings in shares of GXO Logistics by 30.4% during the second quarter. Fort Pitt Capital Group LLC now owns 2,416,606 shares of the company’s stock valued at $122,039,000 after purchasing an additional 563,057 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analyst Upgrades and Downgrades

GXO has been the subject of a number of research analyst reports. Barclays upped their target price on GXO Logistics from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Citigroup started coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price objective on the stock. Susquehanna dropped their price target on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a report on Thursday, September 26th. TD Cowen raised their price objective on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, UBS Group boosted their price objective on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, GXO Logistics currently has a consensus rating of “Moderate Buy” and an average target price of $67.00.

GXO Logistics Stock Performance

GXO opened at $60.36 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $7.21 billion, a PE ratio of 67.19, a price-to-earnings-growth ratio of 1.85 and a beta of 1.55. The stock has a 50-day moving average of $57.45 and a 200-day moving average of $52.83. GXO Logistics, Inc. has a 52-week low of $46.07 and a 52-week high of $63.33.

GXO Logistics (NYSE:GXO) last announced its earnings results on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The company’s revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 earnings per share. As a group, equities research analysts forecast that GXO Logistics, Inc. will post 2.77 earnings per share for the current fiscal 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.