Engineers Gate Manager LP Raises Position in GXO Logistics, Inc. $GXO

Engineers Gate Manager LP lifted its position in GXO Logistics, Inc. (NYSE:GXO) by 139.8% during the 4th quarter, Holdings Channel reports. The firm owned 767,595 shares of the company’s stock after acquiring an additional 447,494 shares during the period. Engineers Gate Manager LP’s holdings in GXO Logistics were worth $40,406,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in GXO. Allworth Financial LP lifted its holdings in GXO Logistics by 175.0% in the 3rd quarter. Allworth Financial LP now owns 517 shares of the company’s stock worth $27,000 after buying an additional 329 shares during the period. Accredited Wealth Management LLC lifted its holdings in GXO Logistics by 1,100.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 600 shares of the company’s stock worth $32,000 after buying an additional 550 shares during the period. Chapman Financial Group LLC purchased a new stake in GXO Logistics in the 2nd quarter worth approximately $34,000. Fifth Third Bancorp lifted its holdings in GXO Logistics by 22.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,213 shares of the company’s stock worth $64,000 after buying an additional 219 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in GXO Logistics by 85.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,420 shares of the company’s stock worth $75,000 after buying an additional 653 shares during the period. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Down 3.7%

NYSE:GXO opened at $48.13 on Thursday. The firm’s 50-day moving average price is $51.92 and its 200-day moving average price is $54.54. The company has a market capitalization of $5.54 billion, a PE ratio of 42.22, a P/E/G ratio of 1.66 and a beta of 1.56. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.85 and a quick ratio of 0.85. GXO Logistics, Inc. has a 1-year low of $42.61 and a 1-year high of $66.85.

GXO Logistics (NYSE:GXO) last released its earnings results on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.37 by $0.13. GXO Logistics had a return on equity of 10.55% and a net margin of 0.98%.The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.22 billion. During the same period in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. On average, equities analysts predict that GXO Logistics, Inc. will post 3.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wall Street Zen raised shares of GXO Logistics from a “hold” rating to a “buy” rating in a research note on Sunday, May 31st. Wells Fargo & Company decreased their price target on shares of GXO Logistics from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. The Goldman Sachs Group downgraded shares of GXO Logistics from a “buy” rating to a “neutral” rating and set a $68.00 price target for the company. in a research note on Wednesday, March 4th. Weiss Ratings downgraded shares of GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. Finally, Barclays raised shares of GXO Logistics from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $58.00 to $65.00 in a research note on Wednesday, May 27th. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.92.

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.