Varenne Capital Partners Decreases Stock Holdings in GXO Logistics, Inc. $GXO

Varenne Capital Partners decreased its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 17.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,089 shares of the company’s stock after selling 27,677 shares during the quarter. GXO Logistics comprises about 1.1% of Varenne Capital Partners’ investment portfolio, making the stock its 17th largest position. Varenne Capital Partners’ holdings in GXO Logistics were worth $6,844,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GXO. Allworth Financial LP increased its holdings in shares of GXO Logistics by 175.0% in the 3rd quarter. Allworth Financial LP now owns 517 shares of the company’s stock worth $27,000 after buying an additional 329 shares during the last quarter. Chapman Financial Group LLC bought a new stake in GXO Logistics during the second quarter worth approximately $34,000. Trust Co. of Vermont bought a new stake in GXO Logistics during the second quarter worth approximately $37,000. Nykredit A S purchased a new stake in GXO Logistics during the second quarter valued at approximately $73,000. Finally, Danske Bank A S bought a new position in shares of GXO Logistics during the 3rd quarter valued at approximately $79,000. 90.67% of the stock is owned by hedge funds and other institutional investors.

GXO Logistics Trading Up 0.1%

NYSE GXO opened at $48.39 on Monday. The stock has a market cap of $5.55 billion, a PE ratio of 42.82, a PEG ratio of 1.50 and a beta of 1.54. GXO Logistics, Inc. has a 12 month low of $45.00 and a 12 month high of $66.85. The company’s 50-day moving average price is $49.71 and its 200-day moving average price is $52.15. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.01. The company had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.46 billion. GXO Logistics had a net margin of 0.96% and a return on equity of 10.57%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 EPS. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. Equities research analysts forecast that GXO Logistics, Inc. will post 3.06 earnings per share for the current year.

Analyst Ratings Changes

GXO has been the subject of a number of analyst reports. Stifel Nicolaus lowered their price target on GXO Logistics from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Wall Street Zen downgraded shares of GXO Logistics from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Citigroup began coverage on shares of GXO Logistics in a report on Wednesday, July 15th. They issued a “market outperform” rating for the company. Barclays raised shares of GXO Logistics from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $58.00 to $65.00 in a research note on Wednesday, May 27th. Finally, Stephens began coverage on shares of GXO Logistics in a research note on Wednesday, July 8th. They issued an “overweight” rating and a $75.00 price objective for the company. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $63.93.

About GXO Logistics

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.