Northcape Capital Pty Ltd Makes New $1.25 Million Investment in GXO Logistics, Inc. (NYSE:GXO)

Northcape Capital Pty Ltd acquired a new stake in GXO Logistics, Inc. (NYSE:GXO – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,328 shares of the company’s stock, valued at approximately $1,252,000. GXO Logistics accounts for about 0.2% of Northcape Capital Pty Ltd’s investment portfolio, making the stock its 21st biggest position.

Several other large investors also recently modified their holdings of GXO. Wipfli Financial Advisors LLC bought a new position in shares of GXO Logistics in the third quarter valued at about $30,000. HBK Sorce Advisory LLC bought a new position in shares of GXO Logistics in the third quarter valued at about $31,000. Fifth Third Bancorp raised its position in shares of GXO Logistics by 93.6% in the third quarter. Fifth Third Bancorp now owns 904 shares of the company’s stock valued at $32,000 after purchasing an additional 437 shares during the period. CWM LLC raised its position in shares of GXO Logistics by 88.7% in the third quarter. CWM LLC now owns 955 shares of the company’s stock valued at $33,000 after purchasing an additional 449 shares during the period. Finally, Ellevest Inc. raised its position in shares of GXO Logistics by 53.2% in the third quarter. Ellevest Inc. now owns 1,066 shares of the company’s stock valued at $37,000 after purchasing an additional 370 shares during the period. 99.47% of the stock is owned by institutional investors.

GXO Logistics Price Performance

Shares of GXO traded down $2.11 during mid-day trading on Friday, reaching $43.97. The company had a trading volume of 1,498,310 shares, compared to its average volume of 702,900. The company’s 50 day simple moving average is $50.79 and its 200 day simple moving average is $44.23. GXO Logistics, Inc. has a 1-year low of $32.10 and a 1-year high of $79.54. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 1.60 and a beta of 1.70.

GXO Logistics (NYSE:GXO – Get Rating) last posted its quarterly earnings results on Tuesday, February 14th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. GXO Logistics had a net margin of 2.19% and a return on equity of 13.12%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. Analysts expect that GXO Logistics, Inc. will post 2.4 EPS for the current year.

Insider Activity

In related news, Director Gena L. Ashe sold 2,120 shares of GXO Logistics stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $52.73, for a total transaction of $111,787.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 11.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GXO shares. Credit Suisse Group reissued an “outperform” rating and issued a $63.00 price objective on shares of GXO Logistics in a research report on Thursday, February 16th. Barclays raised their price target on shares of GXO Logistics from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 15th. Susquehanna raised their price target on shares of GXO Logistics from $53.00 to $62.00 and gave the stock a “positive” rating in a research report on Thursday, January 19th. Jefferies Financial Group raised their price target on shares of GXO Logistics from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, January 13th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of GXO Logistics from $53.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, January 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, GXO Logistics presently has an average rating of “Moderate Buy” and a consensus price target of $60.44.

About GXO Logistics

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GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, and other supply chain services, as well as reverse logistics or returns management services. As of December 31, 2021, it operated in approximately 906 facilities.