Aureus Asset Management LLC Purchases New Holdings in GXO Logistics, Inc. (NYSE:GXO)

Aureus Asset Management LLC purchased a new stake in shares of GXO Logistics, Inc. (NYSE:GXO) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $521,000.

Other large investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale purchased a new position in GXO Logistics during the 3rd quarter valued at about $28,000. UMB Bank n.a. raised its holdings in GXO Logistics by 111.4% in 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 raised its holdings in GXO Logistics by 37.2% in the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after buying an additional 249 shares during the last quarter. Hara Capital LLC purchased a new position in GXO Logistics in the third quarter worth about $50,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in GXO Logistics by 37.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock worth $54,000 after buying an additional 282 shares during the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

GXO Logistics Stock Performance

Shares of NYSE GXO opened at $60.83 on Monday. The firm has a 50 day moving average of $57.96 and a 200 day moving average of $52.99. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 67.59, a price-to-earnings-growth ratio of 1.84 and a beta of 1.55. GXO Logistics, Inc. has a 12-month low of $46.07 and a 12-month high of $63.33.

GXO Logistics (NYSE:GXO) last announced its earnings results on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 earnings per share. On average, research analysts anticipate that GXO Logistics, Inc. will post 2.76 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on GXO. TD Cowen lifted their target price on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Oppenheimer lifted their target price on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. UBS Group lifted their target price on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Barclays lifted their target price on shares of GXO Logistics from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, Susquehanna decreased their target price on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a report on Thursday, September 26th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.