Sanctuary Advisors LLC Buys Shares of 4,026 GXO Logistics, Inc. (NYSE:GXO)

Sanctuary Advisors LLC acquired a new stake in shares of GXO Logistics, Inc. (NYSE:GXO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,026 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Eminence Capital LP purchased a new position in GXO Logistics during the second quarter valued at approximately $79,698,000. Spruce House Investment Management LLC raised its holdings in GXO Logistics by 827.8% during the second 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 during the period. American Century Companies Inc. grew its position 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. Global Alpha Capital Management Ltd. bought a new stake in GXO Logistics during the 3rd quarter valued at approximately $32,434,000. Finally, Brown Brothers Harriman & Co. boosted its stake in GXO Logistics by 105.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 968,267 shares of the company’s stock worth $50,418,000 after purchasing an additional 495,829 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on GXO. Barclays dropped their price target on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Citigroup started coverage on GXO Logistics in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 price target for the company. UBS Group raised their target price on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Oppenheimer raised their price target on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, TD Cowen increased their target price on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, GXO Logistics has a consensus rating of “Moderate Buy” and a consensus target price of $66.33.

GXO Logistics Stock Performance

Shares of GXO stock opened at $42.80 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. GXO Logistics, Inc. has a 12-month low of $41.38 and a 12-month high of $63.33. The company has a market capitalization of $5.11 billion, a P/E ratio of 47.56, a P/E/G ratio of 1.49 and a beta of 1.52. The business’s 50 day moving average is $55.16 and its two-hundred day moving average is $52.55.

GXO Logistics (NYSE:GXO) last issued its earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. GXO Logistics’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 earnings per share. Analysts expect that GXO Logistics, Inc. will post 2.76 EPS 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.