2,039 Shares in GXO Logistics, Inc. (NYSE:GXO) Acquired by Brooklyn Investment Group

Brooklyn Investment Group acquired a new stake in GXO Logistics, Inc. (NYSE:GXO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,039 shares of the company’s stock, valued at approximately $106,000.

Other hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale bought a new position in shares of GXO Logistics in the 3rd quarter worth $28,000. UMB Bank n.a. raised its holdings in GXO Logistics by 111.4% during the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after buying an additional 331 shares during the last quarter. Signaturefd LLC lifted its stake in shares of GXO Logistics by 37.2% in the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after buying an additional 249 shares in the last quarter. Hara Capital LLC acquired a new position in shares of GXO Logistics during the third quarter valued at about $50,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of GXO Logistics by 37.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock worth $54,000 after acquiring an additional 282 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Stock Down 0.2 %

GXO opened at $60.36 on Thursday. The company’s 50-day moving average price is $57.45 and its two-hundred day moving average price is $52.83. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. GXO Logistics, Inc. has a twelve month low of $46.07 and a twelve month high of $63.33. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of 67.07, a PEG ratio of 1.85 and a beta of 1.55.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. GXO Logistics’s revenue for the quarter was up 27.8% on a year-over-year basis. As a group, equities analysts expect that GXO Logistics, Inc. will post 2.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

GXO has been the subject of a number of analyst reports. Susquehanna cut their price target on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research note on Thursday, September 26th. TD Cowen lifted their target price on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Oppenheimer increased their price target on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday. UBS Group raised their price objective on GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Citigroup initiated coverage on shares of GXO Logistics in a report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.00.

About GXO Logistics

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.