GXO Logistics, Inc. (NYSE:GXO) Shares Purchased by Algert Global LLC

Algert Global LLC grew its stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 179.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 104,631 shares of the company's stock after buying an additional 67,190 shares during the quarter. Algert Global LLC owned 0.09% of GXO Logistics worth $5,448,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in GXO. DekaBank Deutsche Girozentrale purchased a new position in GXO Logistics in the third quarter worth approximately $28,000. UMB Bank n.a. lifted its position in shares of GXO Logistics by 111.4% during the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company's stock worth $33,000 after purchasing an additional 331 shares during the last quarter. Signaturefd LLC grew its stake in shares of 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. Hara Capital LLC purchased a new position in GXO Logistics in the third quarter valued at $50,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake 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 valued at $54,000 after buying an additional 282 shares in the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on GXO. Barclays upped their price objective on GXO Logistics from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 13th. Citigroup assumed coverage on GXO Logistics in a report on Wednesday, October 9th. They issued a "buy" rating and a $60.00 price target for the company. UBS Group boosted their price objective on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Susquehanna dropped their target price on shares of GXO Logistics from $75.00 to $73.00 and set a "positive" rating on the stock in a research report on Thursday, September 26th. Finally, TD Cowen raised their price objective on GXO Logistics from $82.00 to $83.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, GXO Logistics presently has a consensus rating of "Moderate Buy" and an average target price of $67.00.

GXO Logistics Stock Performance

GXO traded up $1.15 on Monday, hitting $61.62. 853,398 shares of the company traded hands, compared to its average volume of 930,589. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. The company has a 50 day moving average of $57.27 and a 200-day moving average of $52.77. GXO Logistics, Inc. has a 12-month low of $46.07 and a 12-month high of $63.33. The stock has a market capitalization of $7.36 billion, a PE ratio of 68.46, a PEG ratio of 1.82 and a beta of 1.55.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.01. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. GXO Logistics's quarterly revenue was up 27.8% on a year-over-year basis. Sell-side analysts anticipate that GXO Logistics, Inc. will post 2.77 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.