Teza Capital Management LLC Sells 1,661 Shares of GXO Logistics, Inc. $GXO

Teza Capital Management LLC decreased its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 23.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,291 shares of the company’s stock after selling 1,661 shares during the period. Teza Capital Management LLC’s holdings in GXO Logistics were worth $207,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GXO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of GXO Logistics by 29.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,867 shares of the company’s stock valued at $1,568,000 after buying an additional 9,134 shares during the last quarter. Engaged Capital LLC purchased a new stake in shares of GXO Logistics during the first quarter valued at approximately $35,641,000. Alliancebernstein L.P. grew its holdings in shares of GXO Logistics by 1,521.9% during the first quarter. Alliancebernstein L.P. now owns 2,511,289 shares of the company’s stock valued at $98,141,000 after buying an additional 2,356,452 shares during the last quarter. 683 Capital Management LLC grew its holdings in shares of GXO Logistics by 46.2% during the first quarter. 683 Capital Management LLC now owns 950,000 shares of the company’s stock valued at $37,126,000 after buying an additional 300,000 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec grew its holdings in shares of GXO Logistics by 134.3% during the first quarter. Federation des caisses Desjardins du Quebec now owns 59,530 shares of the company’s stock valued at $2,327,000 after buying an additional 34,120 shares during the last quarter. Institutional investors own 90.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on GXO shares. Oppenheimer increased their price target on shares of GXO Logistics from $55.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Barclays increased their price target on shares of GXO Logistics from $45.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Stifel Nicolaus raised their target price on shares of GXO Logistics from $63.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Susquehanna raised their target price on shares of GXO Logistics from $58.00 to $60.00 and gave the stock a “positive” rating in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of GXO Logistics from $56.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, GXO Logistics currently has an average rating of “Moderate Buy” and an average target price of $59.50.

GXO Logistics Trading Down 2.8%

Shares of GXO Logistics stock opened at $50.83 on Wednesday. The company’s fifty day simple moving average is $51.52 and its 200-day simple moving average is $43.79. The stock has a market capitalization of $5.82 billion, a PE ratio of 95.91, a P/E/G ratio of 2.10 and a beta of 1.65. GXO Logistics, Inc. has a 1-year low of $30.46 and a 1-year high of $63.33. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.76 and a quick ratio of 0.76.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.01. The business had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.09 billion. GXO Logistics had a net margin of 0.50% and a return on equity of 10.45%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS. As a group, equities analysts anticipate that GXO Logistics, Inc. will post 2.49 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.