GXO Logistics, Inc. $GXO Stock Holdings Reduced by Engaged Capital LLC

Engaged Capital LLC lowered its holdings in GXO Logistics, Inc. (NYSE:GXO) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 897,000 shares of the company’s stock after selling 15,000 shares during the quarter. GXO Logistics makes up 12.2% of Engaged Capital LLC’s portfolio, making the stock its 5th biggest position. Engaged Capital LLC owned 0.78% of GXO Logistics worth $43,684,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. increased its holdings in GXO Logistics by 10.7% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,046 shares of the company’s stock valued at $100,000 after buying an additional 197 shares during the period. Hsbc Holdings PLC boosted its position in GXO Logistics by 2.0% during the 2nd quarter. Hsbc Holdings PLC now owns 12,780 shares of the company’s stock valued at $622,000 after acquiring an additional 253 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of GXO Logistics by 34.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,115 shares of the company’s stock valued at $54,000 after acquiring an additional 283 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of GXO Logistics by 72.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company’s stock valued at $37,000 after acquiring an additional 396 shares during the period. Finally, Townsquare Capital LLC raised its position in shares of GXO Logistics by 4.5% in the 1st quarter. Townsquare Capital LLC now owns 9,823 shares of the company’s stock worth $384,000 after acquiring an additional 426 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Todd C. Cooper acquired 6,000 shares of GXO Logistics stock in a transaction dated 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 completion of the purchase, the director directly owned 10,040 shares in the company, valued at $507,923.60. This trade represents a 148.51% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is currently owned by insiders.

GXO Logistics Trading Down 1.2%

NYSE:GXO opened at $53.15 on Friday. The company has a market capitalization of $6.09 billion, a P/E ratio of 69.94, a PEG ratio of 2.21 and a beta of 1.65. 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, Inc. has a 12 month low of $30.46 and a 12 month high of $57.99. The firm has a fifty day simple moving average of $52.29 and a 200-day simple moving average of $50.49.

GXO Logistics (NYSE:GXO) last released its earnings results on Tuesday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. GXO Logistics had a return on equity of 10.45% and a net margin of 0.69%.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 firm earned $0.79 EPS. The firm’s 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. On average, equities research analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GXO has been the topic of a number of recent research reports. Truist Financial set a $65.00 price objective on GXO Logistics in a research report on Tuesday, October 14th. Susquehanna restated a “positive” rating and issued a $64.00 price target on shares of GXO Logistics in a report on Thursday, November 6th. Wells Fargo & Company lifted their price objective on shares of GXO Logistics from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Morgan Stanley increased their target price on shares of GXO Logistics from $58.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday. Finally, UBS Group raised their target price 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. Eleven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.69.

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.