AlphaQuest LLC Has $734,000 Position in GXO Logistics, Inc. $GXO

AlphaQuest LLC boosted its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 213.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,881 shares of the company’s stock after buying an additional 9,459 shares during the quarter. AlphaQuest LLC’s holdings in GXO Logistics were worth $734,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Chapman Financial Group LLC acquired a new position in shares of GXO Logistics during the second quarter valued at $34,000. Farther Finance Advisors LLC raised its holdings in GXO Logistics by 177.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 767 shares of the company’s stock worth $41,000 after purchasing an additional 491 shares during the last quarter. Hantz Financial Services Inc. lifted its position in GXO Logistics by 1,964.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 929 shares of the company’s stock valued at $45,000 after purchasing an additional 884 shares during the period. Quent Capital LLC bought a new position in shares of GXO Logistics in the 3rd quarter valued at about $50,000. Finally, LRI Investments LLC grew its position in shares of GXO Logistics by 128.0% during the 3rd quarter. LRI Investments LLC now owns 1,156 shares of the company’s stock worth $61,000 after buying an additional 649 shares during the period. 90.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Todd C. Cooper purchased 6,000 shares of GXO Logistics stock in a transaction on Friday, November 28th. The stock was purchased at an average price of $50.59 per share, with a total value of $303,540.00. Following the transaction, the director directly owned 10,040 shares in the company, valued at $507,923.60. The trade was a 148.51% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.30% of the company’s stock.

GXO Logistics Trading Up 0.4%

NYSE GXO opened at $57.14 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.71 and a quick ratio of 0.71. The stock’s 50-day moving average is $54.49 and its 200-day moving average is $52.85. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $58.38. The firm has a market cap of $6.54 billion, a P/E ratio of 75.19, a P/E/G ratio of 1.87 and a beta of 1.65.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.01. GXO Logistics had a net margin of 0.69% and a return on equity of 10.45%. The company had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter in the prior year, the company earned $0.79 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Sell-side analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on GXO. Citigroup increased their price objective on shares of GXO Logistics from $62.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Truist Financial set a $65.00 price target on GXO Logistics in a research note on Tuesday, October 14th. JPMorgan Chase & Co. raised their price target on GXO Logistics from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft upgraded GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Thursday, November 6th. Finally, Susquehanna raised their target price on GXO Logistics from $64.00 to $80.00 and gave the stock a “positive” rating in a report on Thursday, January 8th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, GXO Logistics has an average rating of “Moderate Buy” and an average target price of $65.67.

GXO Logistics 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.