AlphaQuest LLC Buys 9,459 Shares of GXO Logistics, Inc. $GXO

AlphaQuest LLC raised its stake in GXO Logistics, Inc. (NYSE:GXO) by 213.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,881 shares of the company’s stock after purchasing an additional 9,459 shares during the quarter. AlphaQuest LLC’s holdings in GXO Logistics were worth $734,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chapman Financial Group LLC bought a new position in shares of GXO Logistics in the second quarter valued at $34,000. Farther Finance Advisors LLC grew its position in shares of GXO Logistics by 177.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 767 shares of the company’s stock valued at $41,000 after acquiring an additional 491 shares during the period. Hantz Financial Services Inc. increased its stake in shares of GXO Logistics by 1,964.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 929 shares of the company’s stock worth $45,000 after purchasing an additional 884 shares during the last quarter. Quent Capital LLC bought a new stake in shares of GXO Logistics in the 3rd quarter valued at about $50,000. Finally, LRI Investments LLC raised its holdings in shares of GXO Logistics by 128.0% in the 3rd quarter. LRI Investments LLC now owns 1,156 shares of the company’s stock valued at $61,000 after purchasing an additional 649 shares during the period. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Trading Up 0.4%

Shares of NYSE:GXO opened at $57.14 on Wednesday. The business’s 50 day simple moving average is $54.49 and its 200 day simple moving average is $52.85. GXO Logistics, Inc. has a 1 year low of $30.46 and a 1 year high of $58.38. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market capitalization of $6.54 billion, a P/E ratio of 75.19, a P/E/G ratio of 1.87 and a beta of 1.65.

GXO Logistics (NYSE:GXO) last released its earnings results on Tuesday, November 4th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.39 billion. GXO Logistics had a return on equity of 10.45% and a net margin of 0.69%.The company’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.79 EPS. On average, research analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Thursday, November 6th. Susquehanna lifted their price objective on shares of GXO Logistics from $64.00 to $80.00 and gave the stock a “positive” rating in a research report on Thursday, January 8th. Weiss Ratings raised shares of GXO Logistics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 21st. Morgan Stanley upped their price target on shares of GXO Logistics from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. Finally, Citigroup boosted their price objective on GXO Logistics from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, GXO Logistics presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.67.

Insider Transactions at GXO Logistics

In other news, Director Todd C. Cooper bought 6,000 shares of the firm’s stock in a transaction on Friday, November 28th. The shares were purchased at an average cost of $50.59 per share, with a total value of $303,540.00. Following the acquisition, the director directly owned 10,040 shares in the company, valued at $507,923.60. This represents a 148.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by insiders.

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.