Pinnbrook Capital Management LP Acquires New Shares in GXO Logistics, Inc. $GXO

Pinnbrook Capital Management LP acquired a new position in shares of GXO Logistics, Inc. (NYSE:GXO) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 55,988 shares of the company’s stock, valued at approximately $2,961,000.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of GXO Logistics by 29.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,867 shares of the company’s stock worth $1,568,000 after buying an additional 9,134 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of GXO Logistics by 2.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 377,211 shares of the company’s stock worth $14,741,000 after buying an additional 8,670 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in GXO Logistics by 4,775.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock valued at $78,000 after acquiring an additional 1,958 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in GXO Logistics by 6.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 63,797 shares of the company’s stock valued at $3,107,000 after acquiring an additional 3,914 shares in the last quarter. Finally, Boston Partners purchased a new position in GXO Logistics during the 2nd quarter valued at about $3,758,000. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on GXO. Stifel Nicolaus set a $70.00 price target on shares of GXO Logistics in a report on Thursday, February 12th. The Goldman Sachs Group cut shares of GXO Logistics from a “buy” rating to a “neutral” rating and set a $68.00 price objective for the company. in a research note on Wednesday, March 4th. UBS Group lifted their price objective on GXO Logistics from $63.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Truist Financial upped their target price on GXO Logistics from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, Oppenheimer reiterated an “outperform” rating and set a $70.00 target price on shares of GXO Logistics in a report on Thursday, February 12th. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $69.17.

GXO Logistics Price Performance

NYSE:GXO opened at $52.58 on Friday. GXO Logistics, Inc. has a 12-month low of $30.46 and a 12-month high of $66.85. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 175.25, a price-to-earnings-growth ratio of 1.78 and a beta of 1.62. The company’s 50-day moving average is $58.87 and its two-hundred day moving average is $54.60. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.87.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. The business had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.48 billion. GXO Logistics had a net margin of 0.24% and a return on equity of 9.83%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 earnings per share. Research analysts expect that GXO Logistics, Inc. will post 2.49 EPS for the current year.

GXO Logistics Profile

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.