Global Alpha Capital Management Ltd. Buys Shares of 622,900 GXO Logistics, Inc. (NYSE:GXO)

Global Alpha Capital Management Ltd. purchased a new position in GXO Logistics, Inc. (NYSE:GXO - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 622,900 shares of the company's stock, valued at approximately $32,434,000. GXO Logistics comprises approximately 2.1% of Global Alpha Capital Management Ltd.'s portfolio, making the stock its 22nd largest position. Global Alpha Capital Management Ltd. owned 0.52% of GXO Logistics as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in GXO. DekaBank Deutsche Girozentrale purchased a new stake in GXO Logistics in the third quarter valued at $28,000. UMB Bank n.a. lifted its position in shares of GXO Logistics by 111.4% during the third quarter. UMB Bank n.a. now owns 628 shares of the company's stock worth $33,000 after purchasing an additional 331 shares in the last quarter. Signaturefd LLC increased its stake in GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company's stock worth $48,000 after buying an additional 249 shares during the period. Hara Capital LLC acquired a new stake in shares of GXO Logistics in the third quarter valued at $50,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in GXO Logistics by 37.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company's stock worth $54,000 after purchasing an additional 282 shares in the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GXO shares. 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. Susquehanna cut their price target on shares of GXO Logistics from $75.00 to $73.00 and set a "positive" rating on the stock in a research note on Thursday, September 26th. Citigroup started coverage on GXO Logistics in a report on Wednesday, October 9th. They set a "buy" rating and a $60.00 price objective on the stock. UBS Group boosted their target price on GXO Logistics from $66.00 to $72.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Finally, Barclays lifted their price target 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. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, GXO Logistics has an average rating of "Moderate Buy" and an average target price of $67.00.

GXO Logistics Price Performance

Shares of NYSE:GXO traded down $0.22 on Wednesday, hitting $58.50. The company had a trading volume of 1,133,736 shares, compared to its average volume of 932,880. The company has a market cap of $6.99 billion, a PE ratio of 65.23, a PEG ratio of 1.76 and a beta of 1.55. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. GXO Logistics, Inc. has a 52-week low of $46.07 and a 52-week high of $63.33. The business has a 50 day moving average of $56.47 and a 200 day moving average of $52.53.

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, beating the consensus estimate of $0.78 by $0.01. The business 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%. The business's quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 EPS. As a group, equities analysts anticipate that GXO Logistics, Inc. will post 2.77 earnings per share for the current fiscal 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.