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

Engineers Gate Manager LP increased its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 50.1% in the second quarter, Holdings Channel.com reports. The fund owned 644,807 shares of the company’s stock after purchasing an additional 215,269 shares during the period. Engineers Gate Manager LP’s holdings in GXO Logistics were worth $32,692,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Allworth Financial LP increased its holdings in GXO Logistics by 175.0% in the 3rd quarter. Allworth Financial LP now owns 517 shares of the company’s stock valued at $27,000 after acquiring an additional 329 shares during the last quarter. Chapman Financial Group LLC purchased a new stake in GXO Logistics in the 2nd quarter worth $34,000. Trust Co. of Vermont bought a new position in shares of GXO Logistics during the 2nd quarter valued at about $37,000. Integrated Wealth Concepts LLC bought a new position in shares of GXO Logistics during the 2nd quarter valued at about $48,000. Finally, Nykredit A S bought a new position in shares of GXO Logistics during the 2nd quarter valued at about $73,000. 90.67% of the stock is owned by hedge funds and other institutional investors.

GXO Logistics Stock Down 1.1%

Shares of NYSE:GXO opened at $46.18 on Thursday. The business has a 50 day simple moving average of $49.48 and a two-hundred day simple moving average of $51.77. The firm has a market capitalization of $5.30 billion, a PE ratio of 40.87, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.79 and a quick ratio of 0.79. GXO Logistics, Inc. has a 1 year low of $45.00 and a 1 year high of $66.85.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The company had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.46 billion. GXO Logistics had a net margin of 0.96% and a return on equity of 10.57%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. On average, equities analysts predict that GXO Logistics, Inc. will post 3.06 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GXO shares. Oppenheimer set a $61.00 target price on GXO Logistics in a report on Thursday, August 6th. Truist Financial dropped their price target on GXO Logistics from $70.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Wall Street Zen cut GXO Logistics from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Stifel Nicolaus cut their price target on GXO Logistics from $71.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Finally, Morgan Stanley lifted their price objective on GXO Logistics from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $63.93.

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.