GXO Logistics, Inc. (NYSE:GXO) Stock Position Lifted by Impax Asset Management Group plc

Impax Asset Management Group plc lifted its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 34.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,652 shares of the company’s stock after purchasing an additional 6,630 shares during the quarter. Impax Asset Management Group plc’s holdings in GXO Logistics were worth $1,336,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new position in GXO Logistics during the 3rd quarter valued at about $28,000. UMB Bank n.a. increased its stake in shares of GXO Logistics by 111.4% during the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock valued at $33,000 after acquiring an additional 331 shares during the period. Signaturefd LLC raised its holdings in GXO Logistics by 37.2% during the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after purchasing an additional 249 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in GXO Logistics by 37.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock worth $54,000 after purchasing an additional 282 shares during the period. Finally, Mather Group LLC. boosted its stake in GXO Logistics by 170.7% during the 2nd quarter. Mather Group LLC. now owns 1,110 shares of the company’s stock valued at $60,000 after purchasing an additional 700 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analysts Set New Price Targets

GXO has been the topic of a number of research reports. UBS Group dropped their price objective on GXO Logistics from $71.00 to $66.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Citigroup assumed coverage on shares of GXO Logistics in a report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price target for the company. Susquehanna lowered their price objective on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research note on Thursday, September 26th. Finally, JPMorgan Chase & Co. increased 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. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.91.

GXO Logistics Price Performance

Shares of NYSE:GXO opened at $57.69 on Wednesday. The business has a fifty day simple moving average of $54.12 and a 200 day simple moving average of $51.79. 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 1 year low of $46.07 and a 1 year high of $63.33. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 49.31, a P/E/G ratio of 1.75 and a beta of 1.55.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the company earned $0.69 EPS. The firm’s revenue was up 27.8% on a year-over-year basis. As a group, sell-side analysts predict that GXO Logistics, Inc. will post 2.78 earnings per share for the current fiscal year.

About GXO Logistics

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.