GXO Logistics, Inc. (NYSE:GXO) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC boosted its position in GXO Logistics, Inc. (NYSE:GXO) by 3.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,523 shares of the company’s stock after buying an additional 3,719 shares during the quarter. Cerity Partners LLC owned 0.09% of GXO Logistics worth $5,390,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mount Lucas Management LP increased its position in shares of GXO Logistics by 2.4% during the third quarter. Mount Lucas Management LP now owns 7,327 shares of the company’s stock worth $382,000 after acquiring an additional 173 shares during the last quarter. Mathes Company Inc. increased its holdings in GXO Logistics by 0.7% during the 3rd quarter. Mathes Company Inc. now owns 25,475 shares of the company’s stock worth $1,326,000 after purchasing an additional 175 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of GXO Logistics by 7.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,064 shares of the company’s stock valued at $160,000 after buying an additional 220 shares during the last quarter. CWM LLC grew its position in shares of GXO Logistics by 13.8% during the third quarter. CWM LLC now owns 1,961 shares of the company’s stock worth $102,000 after buying an additional 238 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of GXO Logistics by 37.2% in the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after buying an additional 249 shares during the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

GXO Logistics Stock Down 0.2 %

GXO stock opened at $60.35 on Friday. 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 firm’s 50-day simple moving average is $57.62 and its 200 day simple moving average is $52.88. The stock has a market cap of $7.21 billion, a PE ratio of 67.06, a price-to-earnings-growth ratio of 1.85 and a beta of 1.55. GXO Logistics, Inc. has a fifty-two week low of $46.07 and a fifty-two week high of $63.33.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.01. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. The business’s revenue was up 27.8% on a year-over-year basis. As a group, sell-side analysts predict that GXO Logistics, Inc. will post 2.77 EPS for the current year.

Analyst Ratings Changes

GXO has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of GXO Logistics from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Susquehanna decreased their price target 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. Citigroup started coverage on GXO Logistics in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective on the stock. UBS Group lifted their target price on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Oppenheimer upped their price target on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.00.

GXO Logistics Company 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.