Boston Partners Invests $3.76 Million in GXO Logistics, Inc. $GXO

Boston Partners bought a new stake in GXO Logistics, Inc. (NYSE:GXO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 77,162 shares of the company’s stock, valued at approximately $3,758,000. Boston Partners owned 0.07% of GXO Logistics at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Alliancebernstein L.P. raised its position 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 valued at $98,141,000 after purchasing an additional 2,356,452 shares during the period. Engaged Capital LLC acquired a new stake in shares of GXO Logistics in the first quarter valued at about $35,641,000. Orbis Allan Gray Ltd grew its stake in shares of GXO Logistics by 6.5% in the first quarter. Orbis Allan Gray Ltd now owns 13,473,172 shares of the company’s stock valued at $526,532,000 after buying an additional 818,353 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of GXO Logistics by 29.0% during the 1st 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. Finally, Kovitz Investment Group Partners LLC lifted its position in GXO Logistics by 27.0% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 3,330,176 shares of the company’s stock worth $130,143,000 after acquiring an additional 708,661 shares in the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

GXO Logistics Stock Down 0.8%

Shares of NYSE:GXO opened at $49.50 on Friday. The firm has a market cap of $5.67 billion, a PE ratio of 65.13, a price-to-earnings-growth ratio of 2.05 and a beta of 1.64. The company has a fifty day simple moving average of $52.75 and a 200 day simple moving average of $48.94. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. GXO Logistics, Inc. has a 12-month low of $30.46 and a 12-month high of $61.90.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.01. The company 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%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the business earned $0.79 EPS. GXO Logistics has set its FY 2025 guidance at 2.430-2.630 EPS. On average, equities research analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of GXO Logistics from $66.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Morgan Stanley decreased their target price on shares of GXO Logistics from $60.00 to $58.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Oppenheimer lifted their price target on shares of GXO Logistics from $55.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Susquehanna reiterated a “positive” rating and issued a $64.00 price objective on shares of GXO Logistics in a report on Thursday, November 6th. Finally, Weiss Ratings raised shares of GXO Logistics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $61.77.

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.