GXO Logistics, Inc. $GXO Stake Boosted by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. lifted its position in GXO Logistics, Inc. (NYSE:GXO) by 42.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,164,730 shares of the company’s stock after acquiring an additional 348,300 shares during the quarter. GXO Logistics accounts for approximately 3.5% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 7th largest holding. Global Alpha Capital Management Ltd. owned approximately 1.02% of GXO Logistics worth $56,722,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd increased its position in GXO Logistics by 6.5% during the 1st quarter. Orbis Allan Gray Ltd now owns 13,473,172 shares of the company’s stock valued at $526,532,000 after purchasing an additional 818,353 shares during the period. Vanguard Group Inc. boosted its stake 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in 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 buying an additional 810,298 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in 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 buying an additional 708,661 shares during the period. Finally, Alliancebernstein L.P. raised its stake in GXO Logistics by 1,521.9% in the first quarter. Alliancebernstein L.P. now owns 2,511,289 shares of the company’s stock worth $98,141,000 after buying an additional 2,356,452 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. increased their target price on GXO Logistics from $66.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday. Wells Fargo & Company raised their price objective on GXO Logistics from $60.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Susquehanna reiterated a “positive” rating and issued a $64.00 target price on shares of GXO Logistics in a report on Thursday. Truist Financial set a $65.00 price target on shares of GXO Logistics in a research report on Tuesday, October 14th. Finally, Oppenheimer lifted their price objective on shares of GXO Logistics from $55.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $61.77.

GXO Logistics Price Performance

Shares of NYSE GXO opened at $50.83 on Friday. GXO Logistics, Inc. has a fifty-two week low of $30.46 and a fifty-two week high of $61.90. The company has a market cap of $5.82 billion, a PE ratio of 66.88, a P/E/G ratio of 2.06 and a beta of 1.64. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.76 and a current ratio of 0.71. The business has a 50-day simple moving average of $52.83 and a two-hundred day simple moving average of $48.41.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. The firm had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.39 billion. GXO Logistics had a net margin of 0.69% and a return on equity of 10.45%. GXO Logistics’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $0.79 EPS. GXO Logistics has set its FY 2025 guidance at 2.430-2.630 EPS. As a group, equities analysts expect that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

GXO Logistics Company 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.