Russell Investments Group Ltd. Has $7.19 Million Position in GXO Logistics, Inc. $GXO

Russell Investments Group Ltd. grew its holdings in GXO Logistics, Inc. (NYSE:GXO) by 22.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,616 shares of the company’s stock after purchasing an additional 26,743 shares during the period. Russell Investments Group Ltd.’s holdings in GXO Logistics were worth $7,190,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Alliancebernstein L.P. raised its position in GXO Logistics by 1,521.9% during the first quarter. Alliancebernstein L.P. now owns 2,511,289 shares of the company’s stock valued at $98,141,000 after buying an additional 2,356,452 shares during the period. Engaged Capital LLC purchased a new position in GXO Logistics during the 1st quarter valued at about $35,641,000. Orbis Allan Gray Ltd increased its holdings in shares of GXO Logistics by 6.5% in the 1st quarter. Orbis Allan Gray Ltd now owns 13,473,172 shares of the company’s stock valued at $526,532,000 after purchasing an additional 818,353 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of GXO Logistics by 29.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,608,468 shares of the company’s stock worth $141,021,000 after purchasing an additional 810,298 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its holdings in shares of GXO Logistics by 27.0% during the first quarter. Kovitz Investment Group Partners LLC now owns 3,330,176 shares of the company’s stock worth $130,143,000 after purchasing an additional 708,661 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Insider Buying and Selling at GXO Logistics

In related news, Director Todd C. Cooper bought 6,000 shares of GXO Logistics stock in a transaction that occurred on Friday, November 28th. The stock was purchased at an average cost of $50.59 per share, for a total transaction of $303,540.00. Following the acquisition, the director owned 10,040 shares in the company, valued at $507,923.60. This trade represents a 148.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

GXO has been the topic of several research reports. UBS Group upped their price objective on shares of GXO Logistics from $58.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Susquehanna restated a “positive” rating and set a $64.00 price target on shares of GXO Logistics in a report on Thursday, November 6th. Weiss Ratings lowered GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Deutsche Bank Aktiengesellschaft raised GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. upped their target price on GXO Logistics from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Eleven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.77.

GXO Logistics Stock Down 1.0%

GXO stock opened at $52.08 on Friday. The firm has a market cap of $5.96 billion, a PE ratio of 68.52, a PEG ratio of 2.16 and a beta of 1.65. GXO Logistics, Inc. has a 1 year low of $30.46 and a 1 year high of $57.99. The company has a fifty day simple moving average of $52.33 and a 200 day simple moving average of $49.97. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73.

GXO Logistics (NYSE:GXO) last posted its earnings results on Tuesday, November 4th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.78 by $0.01. GXO Logistics had a net margin of 0.69% and a return on equity of 10.45%. The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the prior year, the business posted $0.79 earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis. GXO Logistics has set its FY 2025 guidance at 2.430-2.630 EPS. Sell-side analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

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.