Mediolanum International Funds Ltd Makes New $6.82 Million Investment in GXO Logistics, Inc. (NYSE:GXO)

Mediolanum International Funds Ltd acquired a new position in GXO Logistics, Inc. (NYSE:GXO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 130,870 shares of the company’s stock, valued at approximately $6,819,000. Mediolanum International Funds Ltd owned about 0.11% of GXO Logistics at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of GXO Logistics by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 11,228,350 shares of the company’s stock valued at $603,636,000 after buying an additional 82,485 shares during the last quarter. American Century Companies Inc. lifted its position in shares of GXO Logistics by 25.2% during the 2nd quarter. American Century Companies Inc. now owns 3,221,818 shares of the company’s stock valued at $162,702,000 after buying an additional 648,547 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of GXO Logistics by 0.5% during the 1st quarter. Clearbridge Investments LLC now owns 2,956,981 shares of the company’s stock valued at $158,967,000 after buying an additional 15,463 shares during the last quarter. Fort Pitt Capital Group LLC lifted its position in shares of GXO Logistics by 30.4% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 2,416,606 shares of the company’s stock valued at $122,039,000 after buying an additional 563,057 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of GXO Logistics by 11.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,398,933 shares of the company’s stock valued at $121,140,000 after buying an additional 240,766 shares during the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GXO. JPMorgan Chase & Co. boosted their price objective on GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Citigroup began coverage on GXO Logistics in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective on the stock. Susquehanna decreased their target price on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research note on Thursday, September 26th. Finally, UBS Group decreased their target price on GXO Logistics from $71.00 to $66.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.91.

GXO Logistics Trading Down 1.4 %

NYSE GXO opened at $61.12 on Friday. GXO Logistics, Inc. has a fifty-two week low of $46.07 and a fifty-two week high of $63.33. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a 50 day simple moving average of $52.80 and a two-hundred day simple moving average of $51.37. The stock has a market cap of $7.30 billion, a P/E ratio of 43.97, a price-to-earnings-growth ratio of 1.52 and a beta of 1.59.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.73 billion. GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.70 EPS. On average, analysts forecast that GXO Logistics, Inc. will post 2.79 earnings per share for the current year.

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.