GXO Logistics, Inc. $GXO Shares Purchased by Bastion Asset Management Inc.

Bastion Asset Management Inc. grew its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 145.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 202,524 shares of the company’s stock after purchasing an additional 119,967 shares during the period. GXO Logistics makes up about 6.0% of Bastion Asset Management Inc.’s holdings, making the stock its 3rd largest holding. Bastion Asset Management Inc.’s holdings in GXO Logistics were worth $10,478,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of GXO. River Road Asset Management LLC raised its holdings in shares of GXO Logistics by 5.4% in the 2nd quarter. River Road Asset Management LLC now owns 2,967,046 shares of the company’s stock valued at $147,492,000 after buying an additional 152,561 shares during the period. Alliancebernstein L.P. grew its position in GXO Logistics by 9.0% in the 2nd quarter. Alliancebernstein L.P. now owns 2,736,892 shares of the company’s stock valued at $133,287,000 after acquiring an additional 225,603 shares in the last quarter. Swedbank AB increased its stake in GXO Logistics by 4.2% during the third quarter. Swedbank AB now owns 1,850,000 shares of the company’s stock worth $97,846,000 after purchasing an additional 75,000 shares during the period. Cooper Creek Partners Management LLC lifted its position in shares of GXO Logistics by 9.4% during the second quarter. Cooper Creek Partners Management LLC now owns 1,478,785 shares of the company’s stock worth $72,017,000 after purchasing an additional 127,477 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. boosted its stake in shares of GXO Logistics by 42.7% in the second quarter. Global Alpha Capital Management Ltd. now owns 1,164,730 shares of the company’s stock valued at $56,722,000 after purchasing an additional 348,300 shares during the period. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

GXO Logistics Stock Performance

NYSE:GXO opened at $65.42 on Monday. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $66.85. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.85 and a quick ratio of 0.71. The firm has a market capitalization of $7.49 billion, a PE ratio of 218.08, a price-to-earnings-growth ratio of 2.24 and a beta of 1.65. The business’s fifty day moving average price is $55.95 and its 200 day moving average price is $53.36.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. GXO Logistics had a return on equity of 9.83% and a net margin of 0.24%.The business had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same period in the prior year, the firm posted $1.00 EPS. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Todd C. Cooper acquired 6,000 shares of GXO Logistics stock in a transaction dated Friday, November 28th. The stock was acquired at an average price of $50.59 per share, for a total transaction of $303,540.00. Following the transaction, the director owned 10,040 shares of the company’s stock, valued at $507,923.60. This represents a 148.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GXO shares. Susquehanna reaffirmed a “positive” rating and set a $82.00 target price on shares of GXO Logistics in a research note on Thursday. Morgan Stanley upped their price objective on GXO Logistics from $58.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, December 8th. Weiss Ratings upgraded GXO Logistics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 21st. Wells Fargo & Company boosted their target price on GXO Logistics from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Stifel Nicolaus set a $70.00 price target on GXO Logistics in a report on Thursday. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, GXO Logistics presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.75.

About GXO Logistics

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.