VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in GXO Logistics, Inc. $GXO

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of GXO Logistics, Inc. (NYSE:GXO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 57,941 shares of the company’s stock, valued at approximately $2,938,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Orbis Allan Gray Ltd lifted its position in GXO Logistics by 0.3% in the 4th quarter. Orbis Allan Gray Ltd now owns 13,424,844 shares of the company’s stock valued at $706,684,000 after acquiring an additional 37,035 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in GXO Logistics by 3,222,426.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,697,772 shares of the company’s stock worth $593,791,000 after purchasing an additional 11,697,409 shares in the last quarter. California State Teachers Retirement System increased its holdings in GXO Logistics by 4,908.8% during the 2nd quarter. California State Teachers Retirement System now owns 6,700,309 shares of the company’s stock worth $339,706,000 after purchasing an additional 6,566,539 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of GXO Logistics by 8.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,866,867 shares of the company’s stock worth $252,318,000 after purchasing an additional 371,391 shares during the last quarter. Finally, Focus Partners Wealth purchased a new stake in shares of GXO Logistics in the fourth quarter worth approximately $181,648,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Price Performance

Shares of NYSE:GXO opened at $45.39 on Friday. The company’s 50-day moving average is $49.35 and its 200 day moving average is $51.63. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $5.21 billion, a P/E ratio of 40.17, a price-to-earnings-growth ratio of 1.43 and a beta of 1.54. GXO Logistics, Inc. has a fifty-two week low of $45.00 and a fifty-two week high of $66.85.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The business had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.46 billion. GXO Logistics had a net margin of 0.96% and a return on equity of 10.57%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 earnings per share. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. On average, equities research analysts forecast that GXO Logistics, Inc. will post 3.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wells Fargo & Company began coverage on GXO Logistics in a research report on Tuesday, July 28th. They set an “overweight” rating and a $18.00 target price on the stock. Weiss Ratings raised GXO Logistics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Stephens initiated coverage on GXO Logistics in a research note on Wednesday, July 8th. They set an “overweight” rating and a $75.00 price objective on the stock. Stifel Nicolaus cut their price objective on shares of GXO Logistics from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Finally, Wall Street Zen lowered shares of GXO Logistics from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $63.93.

GXO Logistics Company Profile

GXO Logistics, Inc (NYSE:GXO) is a global contract logistics company that manages supply chain operations for businesses across a range of industries. Its services include warehousing, distribution, order fulfillment, inventory management, transportation management and reverse logistics.

The company uses technology, automation and data analytics to operate logistics facilities and support the movement of goods from manufacturers and suppliers to retailers, businesses and consumers. GXO serves customers in sectors such as retail and e-commerce, consumer goods, food and beverage, technology, healthcare, industrial manufacturing and automotive.

GXO was established as an independent public company in 2021 through the spin-off of XPO, Inc’s logistics business.