Keeley Teton Advisors LLC Grows Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Keeley Teton Advisors LLC raised its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 21.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,301 shares of the company’s stock after buying an additional 2,697 shares during the quarter. Keeley Teton Advisors LLC’s holdings in GXO Logistics were worth $823,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of GXO Logistics by 0.7% during the first quarter. Vanguard Group Inc. now owns 11,228,350 shares of the company’s stock valued at $603,636,000 after acquiring an additional 82,485 shares in the last quarter. Clearbridge Investments LLC increased its holdings in GXO Logistics by 0.5% in the 1st quarter. Clearbridge Investments LLC now owns 2,956,981 shares of the company’s stock worth $158,967,000 after buying an additional 15,463 shares during the period. Fort Pitt Capital Group LLC increased its holdings in GXO Logistics by 60.4% in the 1st quarter. Fort Pitt Capital Group LLC now owns 1,853,549 shares of the company’s stock worth $99,647,000 after buying an additional 698,180 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in GXO Logistics by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,134,844 shares of the company’s stock worth $69,407,000 after buying an additional 21,454 shares during the period. Finally, Federated Hermes Inc. increased its holdings in GXO Logistics by 3.0% in the 4th quarter. Federated Hermes Inc. now owns 1,126,959 shares of the company’s stock worth $68,925,000 after buying an additional 33,320 shares during the period. 90.67% of the stock is owned by hedge funds and other institutional investors.

GXO Logistics Price Performance

Shares of NYSE:GXO traded up $0.39 during midday trading on Friday, reaching $55.70. 461,705 shares of the company’s stock traded hands, compared to its average volume of 825,121. GXO Logistics, Inc. has a 1 year low of $46.38 and a 1 year high of $67.36. The company has a market cap of $6.65 billion, a P/E ratio of 40.07, a PEG ratio of 1.66 and a beta of 1.60. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.94 and a current ratio of 0.94. The company has a fifty day simple moving average of $50.61 and a two-hundred day simple moving average of $51.94.

GXO Logistics (NYSE:GXO) last issued its earnings results on Tuesday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. GXO Logistics had a return on equity of 10.60% and a net margin of 1.68%. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period last year, the company earned $0.49 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts predict that GXO Logistics, Inc. will post 2.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Loop Capital lowered their price objective on GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Morgan Stanley restated an “overweight” rating and issued a $70.00 price objective on shares of GXO Logistics in a research report on Tuesday, May 14th. JPMorgan Chase & Co. upped their price objective on GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Stifel Nicolaus restated a “buy” rating and issued a $74.00 price objective on shares of GXO Logistics in a research report on Wednesday, May 15th. Finally, Wells Fargo & Company assumed coverage on GXO Logistics in a research report on Friday, June 7th. They issued an “overweight” rating and a $58.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, GXO Logistics presently has an average rating of “Moderate Buy” and a consensus target price of $69.00.

Insider Buying and Selling

In other GXO Logistics news, CEO Malcolm Wilson acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was purchased at an average cost of $49.95 per share, with a total value of $499,500.00. Following the transaction, the chief executive officer now owns 100,814 shares of the company’s stock, valued at $5,035,659.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.20% of the company’s stock.

GXO Logistics Company Profile

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.