Eventide Asset Management LLC Has $11.51 Million Holdings in GXO Logistics, Inc. (NYSE:GXO)

Eventide Asset Management LLC lifted its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 0.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 221,020 shares of the company’s stock after buying an additional 186 shares during the quarter. Eventide Asset Management LLC owned about 0.18% of GXO Logistics worth $11,509,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Tidal Investments LLC increased its position in GXO Logistics by 84.1% in the 1st quarter. Tidal Investments LLC now owns 13,769 shares of the company’s stock valued at $740,000 after buying an additional 6,291 shares in the last quarter. LRI Investments LLC acquired a new position in shares of GXO Logistics during the first quarter worth approximately $80,000. DNB Asset Management AS lifted its holdings in shares of GXO Logistics by 18.9% in the 2nd quarter. DNB Asset Management AS now owns 11,231 shares of the company’s stock worth $567,000 after purchasing an additional 1,782 shares in the last quarter. Douglas Lane & Associates LLC grew its position in GXO Logistics by 1.2% in the 2nd quarter. Douglas Lane & Associates LLC now owns 468,943 shares of the company’s stock valued at $23,682,000 after purchasing an additional 5,601 shares during the period. Finally, Mather Group LLC. increased its stake in GXO Logistics by 170.7% during the 2nd quarter. Mather Group LLC. now owns 1,110 shares of the company’s stock valued at $60,000 after purchasing an additional 700 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Trading Up 0.9 %

Shares of GXO Logistics stock opened at $60.88 on Friday. The firm has a market cap of $7.27 billion, a PE ratio of 67.64, a P/E/G ratio of 1.83 and a beta of 1.55. GXO Logistics, Inc. has a 1 year low of $46.07 and a 1 year high of $63.33. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a fifty day moving average price of $57.77 and a 200-day moving average price of $52.93.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 earnings per share. Equities research analysts anticipate that GXO Logistics, Inc. will post 2.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GXO. 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 price objective on the stock. Barclays raised their price target on shares of GXO Logistics from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. UBS Group boosted their price objective on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Susquehanna dropped their target price on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a report on Thursday, September 26th. Finally, Oppenheimer upped their price target on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, GXO Logistics currently has a consensus rating of “Moderate Buy” and an average 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.