Lagoda Investment Management L.P. Buys 11,370 Shares of GXO Logistics, Inc. $GXO

Lagoda Investment Management L.P. lifted its stake in GXO Logistics, Inc. (NYSE:GXO) by 8.3% in the third quarter, Holdings Channel.com reports. The firm owned 148,930 shares of the company’s stock after buying an additional 11,370 shares during the period. GXO Logistics comprises about 4.5% of Lagoda Investment Management L.P.’s holdings, making the stock its 12th biggest position. Lagoda Investment Management L.P.’s holdings in GXO Logistics were worth $7,877,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of GXO. Ashton Thomas Private Wealth LLC lifted its position in GXO Logistics by 1.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 11,319 shares of the company’s stock worth $599,000 after buying an additional 202 shares during the last quarter. Fifth Third Bancorp increased its position in GXO Logistics by 22.0% during the third quarter. Fifth Third Bancorp now owns 1,213 shares of the company’s stock valued at $64,000 after acquiring an additional 219 shares during the last quarter. Hsbc Holdings PLC increased its position in GXO Logistics by 2.0% during the second quarter. Hsbc Holdings PLC now owns 12,780 shares of the company’s stock valued at $622,000 after acquiring an additional 253 shares during the last quarter. Orion Porfolio Solutions LLC raised its stake in shares of GXO Logistics by 1.0% in the third quarter. Orion Porfolio Solutions LLC now owns 26,436 shares of the company’s stock valued at $1,398,000 after acquiring an additional 253 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of GXO Logistics by 15.8% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,864 shares of the company’s stock valued at $100,000 after acquiring an additional 254 shares during the period. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Trading Up 0.9%

NYSE GXO opened at $52.97 on Tuesday. The stock has a market cap of $6.08 billion, a PE ratio of 176.55, a PEG ratio of 1.78 and a beta of 1.62. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $66.85. The company’s 50-day moving average price is $58.84 and its 200-day moving average price is $54.62. 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 announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The company had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.48 billion. GXO Logistics had a net margin of 0.24% and a return on equity of 9.83%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $1.00 EPS. Equities research analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Analyst Ratings Changes

GXO has been the subject of a number of recent analyst reports. Weiss Ratings cut shares of GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Citigroup raised their price objective on shares of GXO Logistics from $66.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Oppenheimer restated an “outperform” rating and set a $70.00 target price on shares of GXO Logistics in a research report on Thursday, February 12th. The Goldman Sachs Group cut GXO Logistics from a “buy” rating to a “neutral” rating and set a $68.00 target price on the stock. in a research note on Wednesday, March 4th. Finally, Wells Fargo & Company increased their price target on GXO Logistics from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $69.17.

GXO Logistics Company 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.