Dimensional Fund Advisors LP Increases Stake in GXO Logistics, Inc. $GXO

Dimensional Fund Advisors LP increased its stake in GXO Logistics, Inc. (NYSE:GXO) by 3.0% during the third quarter, Holdings Channel.com reports. The firm owned 4,206,334 shares of the company’s stock after purchasing an additional 121,486 shares during the quarter. Dimensional Fund Advisors LP’s holdings in GXO Logistics were worth $222,473,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Accredited Wealth Management LLC lifted its stake 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 valued at $32,000 after buying an additional 550 shares in the last quarter. Chapman Financial Group LLC purchased a new position in shares of GXO Logistics in the second quarter worth $34,000. Farther Finance Advisors LLC boosted its holdings in shares of GXO Logistics by 177.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 767 shares of the company’s stock valued at $41,000 after purchasing an additional 491 shares during the last quarter. Quent Capital LLC bought a new position in GXO Logistics during the third quarter valued at approximately $50,000. Finally, LRI Investments LLC grew its holdings in shares of GXO Logistics by 128.0% in the third quarter. LRI Investments LLC now owns 1,156 shares of the company’s stock valued at $61,000 after purchasing an additional 649 shares in the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GXO. Weiss Ratings cut shares of GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Stifel Nicolaus set a $70.00 target price on shares of GXO Logistics in a research note on Thursday, February 12th. Wells Fargo & Company lifted their target price on GXO Logistics from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Citigroup boosted their price objective on GXO Logistics from $66.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, UBS Group raised their price target on shares of GXO Logistics from $63.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Ten equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, GXO Logistics currently has an average rating of “Moderate Buy” and an average price target of $69.17.

GXO Logistics Stock Down 5.6%

NYSE GXO opened at $55.76 on Friday. The company has a market cap of $6.40 billion, a P/E ratio of 185.87, a P/E/G ratio of 1.89 and a beta of 1.62. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $66.85. The business has a fifty day moving average price of $58.79 and a 200 day moving average price of $54.58. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.85 and a current ratio of 0.85.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. The company had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.48 billion. GXO Logistics had a net margin of 0.24% and a return on equity of 9.83%. GXO Logistics’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 EPS. Research analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

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.