Engineers Gate Manager LP Purchases 447,494 Shares of GXO Logistics, Inc. $GXO

Engineers Gate Manager LP grew its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 139.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 767,595 shares of the company’s stock after buying an additional 447,494 shares during the quarter. Engineers Gate Manager LP owned 0.67% of GXO Logistics worth $40,406,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of GXO. Allworth Financial LP lifted its position in shares of GXO Logistics by 175.0% during the 3rd quarter. Allworth Financial LP now owns 517 shares of the company’s stock worth $27,000 after buying an additional 329 shares in the last quarter. Accredited Wealth Management LLC lifted its position in shares of GXO Logistics by 1,100.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 600 shares of the company’s stock worth $32,000 after buying an additional 550 shares in the last quarter. Chapman Financial Group LLC bought a new position in shares of GXO Logistics during the 2nd quarter worth approximately $34,000. Fifth Third Bancorp lifted its position in shares of GXO Logistics by 22.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,213 shares of the company’s stock worth $64,000 after buying an additional 219 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of GXO Logistics by 85.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,420 shares of the company’s stock worth $75,000 after buying an additional 653 shares in the last quarter. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Performance

Shares of GXO stock opened at $48.13 on Thursday. The stock has a market capitalization of $5.54 billion, a P/E ratio of 42.22, a PEG ratio of 1.66 and a beta of 1.56. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.88. The firm’s 50 day moving average is $51.92 and its 200 day moving average is $54.54. GXO Logistics, Inc. has a 12 month low of $42.61 and a 12 month high of $66.85.

GXO Logistics (NYSE:GXO) last posted its earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.13. The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.22 billion. GXO Logistics had a return on equity of 10.55% and a net margin of 0.98%.The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 earnings per share. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. On average, sell-side analysts anticipate that GXO Logistics, Inc. will post 3.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GXO. Wells Fargo & Company decreased their price objective on shares of GXO Logistics from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Weiss Ratings downgraded shares of GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 1st. Stifel Nicolaus set a $71.00 price objective on shares of GXO Logistics in a report on Thursday, May 7th. Barclays upgraded shares of GXO Logistics from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $58.00 to $65.00 in a report on Wednesday, May 27th. Finally, The Goldman Sachs Group downgraded shares of GXO Logistics from a “buy” rating to a “neutral” rating and set a $68.00 price objective for the company. in a report on Wednesday, March 4th. Eleven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, GXO Logistics has an average rating of “Moderate Buy” and an average price target of $69.92.

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.