Aureus Asset Management LLC Acquires New Position in GXO Logistics, Inc. (NYSE:GXO)

Aureus Asset Management LLC purchased a new stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the company's stock, valued at approximately $521,000.

A number of other institutional investors and hedge funds have also modified their holdings of GXO. American Century Companies Inc. increased its position in GXO Logistics by 25.2% in the 2nd quarter. American Century Companies Inc. now owns 3,221,818 shares of the company's stock worth $162,702,000 after buying an additional 648,547 shares during the period. Fort Pitt Capital Group LLC raised its stake in GXO Logistics by 2.1% during the 3rd quarter. Fort Pitt Capital Group LLC now owns 2,467,814 shares of the company's stock valued at $128,499,000 after purchasing an additional 51,208 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in GXO Logistics by 11.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,398,933 shares of the company's stock valued at $121,140,000 after purchasing an additional 240,766 shares during the period. Swedbank AB grew its position in GXO Logistics by 15.9% in the 2nd quarter. Swedbank AB now owns 1,825,000 shares of the company's stock worth $92,162,000 after purchasing an additional 250,000 shares during the last quarter. Finally, Eminence Capital LP bought a new position in shares of GXO Logistics during the 2nd quarter worth about $79,698,000. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Price Performance

Shares of GXO Logistics stock traded down $0.43 during trading on Monday, reaching $60.40. The company's stock had a trading volume of 832,925 shares, compared to its average volume of 922,885. GXO Logistics, Inc. has a one year low of $46.07 and a one year high of $63.33. The stock has a 50-day moving average price of $57.96 and a two-hundred day moving average price of $52.99. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $7.22 billion, a P/E ratio of 67.50, a price-to-earnings-growth ratio of 1.84 and a beta of 1.55.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.01. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. GXO Logistics's quarterly revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 earnings per share. As a group, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GXO. Barclays increased their target price on shares of GXO Logistics from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 13th. Oppenheimer lifted their price objective on GXO Logistics from $63.00 to $67.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. Susquehanna cut their target price on GXO Logistics from $75.00 to $73.00 and set a "positive" rating for the company in a research note on Thursday, September 26th. TD Cowen boosted their price target on shares of GXO Logistics from $82.00 to $83.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Finally, UBS Group raised their price objective on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $67.00.

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.