Gables Capital Management Inc. Has $112,000 Stake in GXO Logistics, Inc. $GXO

Gables Capital Management Inc. trimmed its stake in GXO Logistics, Inc. (NYSE:GXO) by 13.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,294 shares of the company’s stock after selling 350 shares during the period. Gables Capital Management Inc.’s holdings in GXO Logistics were worth $112,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its position in GXO Logistics by 13.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,243 shares of the company’s stock worth $674,000 after purchasing an additional 2,076 shares during the last quarter. KBC Group NV grew its position in GXO Logistics by 20.0% in the 1st quarter. KBC Group NV now owns 5,821 shares of the company’s stock worth $227,000 after purchasing an additional 969 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in GXO Logistics by 2.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 38,679 shares of the company’s stock worth $1,512,000 after purchasing an additional 886 shares during the last quarter. Principal Financial Group Inc. grew its position in GXO Logistics by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 274,832 shares of the company’s stock worth $10,740,000 after purchasing an additional 831 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in GXO Logistics by 57.0% in the 1st quarter. GAMMA Investing LLC now owns 832 shares of the company’s stock worth $33,000 after purchasing an additional 302 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GXO has been the topic of several research analyst reports. UBS Group raised their price target on shares of GXO Logistics from $58.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Wells Fargo & Company raised their price target on shares of GXO Logistics from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Susquehanna raised their price target on shares of GXO Logistics from $58.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. Oppenheimer raised their price target 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. Finally, Truist Financial set a $65.00 target price on shares of GXO Logistics in a research report on Tuesday, October 14th. Eleven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $61.57.

GXO Logistics Price Performance

Shares of GXO Logistics stock opened at $55.09 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.76 and a current ratio of 0.76. The firm’s 50-day simple moving average is $52.65 and its 200-day simple moving average is $46.59. GXO Logistics, Inc. has a twelve month low of $30.46 and a twelve month high of $62.48. The firm has a market cap of $6.31 billion, a P/E ratio of 103.95, a price-to-earnings-growth ratio of 2.23 and a beta of 1.64.

GXO Logistics (NYSE:GXO) last issued its earnings results on Tuesday, August 5th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. GXO Logistics had a net margin of 0.50% and a return on equity of 10.45%. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the business earned $0.55 EPS. The firm’s revenue was up 15.9% on a year-over-year basis. As a group, research 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.