Mount Lucas Management LP Buys 173 Shares of GXO Logistics, Inc. (NYSE:GXO)

Mount Lucas Management LP raised its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 2.4% in the third quarter, Holdings Channel reports. The institutional investor owned 7,327 shares of the company’s stock after buying an additional 173 shares during the quarter. Mount Lucas Management LP’s holdings in GXO Logistics were worth $382,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new position in shares of GXO Logistics in the third quarter valued at approximately $28,000. UMB Bank n.a. lifted its stake in GXO Logistics by 111.4% in the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after purchasing an additional 331 shares in the last quarter. Signaturefd LLC boosted its holdings in GXO Logistics by 37.2% in the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after purchasing an additional 249 shares during the period. Hara Capital LLC purchased a new position in shares of GXO Logistics during the 3rd quarter valued at $50,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of GXO Logistics by 37.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock worth $54,000 after purchasing an additional 282 shares during the period. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Stock Down 1.8 %

Shares of NYSE GXO opened at $58.65 on Monday. The stock has a market capitalization of $7.01 billion, a P/E ratio of 65.17, a PEG ratio of 1.76 and a beta of 1.55. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. GXO Logistics, Inc. has a one year low of $46.07 and a one year high of $63.33. The firm’s 50 day simple moving average is $56.06 and its two-hundred day simple moving average is $52.42.

GXO Logistics (NYSE:GXO) last issued its earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The firm’s revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 EPS. As a group, analysts expect that GXO Logistics, Inc. will post 2.77 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on GXO. UBS Group lifted their price objective on GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Barclays raised their price target on GXO Logistics from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. TD Cowen boosted their price objective on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Citigroup started coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They issued a “buy” rating and a $60.00 target price on the stock. Finally, Susquehanna dropped their target price on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research report on Thursday, September 26th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.00.

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.