Charles Schwab Investment Management Inc. Acquires 17,953 Shares of GXO Logistics, Inc. (NYSE:GXO)

Charles Schwab Investment Management Inc. lifted its position in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 1.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,197,898 shares of the company's stock after purchasing an additional 17,953 shares during the period. Charles Schwab Investment Management Inc. owned about 1.00% of GXO Logistics worth $62,375,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of GXO. Raymond James & Associates raised its holdings in GXO Logistics by 16.3% in the 3rd quarter. Raymond James & Associates now owns 466,749 shares of the company's stock worth $24,304,000 after purchasing an additional 65,534 shares in the last quarter. Swedbank AB boosted its position in GXO Logistics by 15.9% during the 2nd quarter. Swedbank AB now owns 1,825,000 shares of the company's stock valued at $92,162,000 after acquiring an additional 250,000 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of GXO Logistics by 269.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 22,928 shares of the company's stock worth $1,158,000 after acquiring an additional 16,716 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in shares of GXO Logistics in the 3rd quarter worth approximately $6,819,000. Finally, Susquehanna Fundamental Investments LLC lifted its stake in shares of GXO Logistics by 537.4% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 137,732 shares of the company's stock valued at $6,955,000 after purchasing an additional 116,125 shares during the period. 90.67% of the stock is owned by institutional investors.

GXO Logistics Price Performance

NYSE GXO traded up $0.48 during trading on Friday, hitting $60.83. 441,546 shares of the stock traded hands, compared to its average volume of 924,607. The company has a market capitalization of $7.27 billion, a P/E ratio of 67.64, a price-to-earnings-growth ratio of 1.83 and a beta of 1.55. GXO Logistics, Inc. has a 12-month low of $46.07 and a 12-month high of $63.33. The firm has a 50-day simple moving average of $57.77 and a 200-day simple moving average of $52.93. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $0.79 earnings per share 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 firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the firm posted $0.69 EPS. The business's quarterly revenue was up 27.8% on a year-over-year basis. As a group, analysts predict that GXO Logistics, Inc. will post 2.76 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on GXO. Citigroup assumed coverage on shares of GXO Logistics in a research report on Wednesday, October 9th. They set a "buy" rating and a $60.00 price target for the company. Susquehanna reduced their price objective on shares of GXO Logistics from $75.00 to $73.00 and set a "positive" rating for the company in a research note on Thursday, September 26th. Barclays upped their target price on shares of GXO Logistics from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. Oppenheimer upped their target price on shares of GXO Logistics from $63.00 to $67.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, TD Cowen raised their target price on GXO Logistics from $82.00 to $83.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.00.

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.