Walleye Capital LLC Takes Position in GXO Logistics, Inc. (NYSE:GXO)

Walleye Capital LLC purchased a new stake in shares of GXO Logistics, Inc. (NYSE:GXOGet Rating) during the first quarter, HoldingsChannel.com reports. The fund purchased 17,936 shares of the company’s stock, valued at approximately $1,280,000.

A number of other institutional investors have also recently made changes to their positions in GXO. BlackRock Inc. boosted its position in GXO Logistics by 10.1% in the first quarter. BlackRock Inc. now owns 11,164,769 shares of the company’s stock worth $796,492,000 after purchasing an additional 1,023,715 shares during the last quarter. Mar Vista Investment Partners LLC purchased a new position in GXO Logistics in the first quarter worth about $71,087,000. Pendal Group Ltd increased its holdings in GXO Logistics by 195.2% during the first quarter. Pendal Group Ltd now owns 1,424,750 shares of the company’s stock valued at $101,642,000 after buying an additional 942,128 shares during the last quarter. American Century Companies Inc. increased its holdings in GXO Logistics by 33.3% during the first quarter. American Century Companies Inc. now owns 3,719,572 shares of the company’s stock valued at $265,354,000 after buying an additional 929,177 shares during the last quarter. Finally, Eaton Vance Management purchased a new stake in GXO Logistics during the fourth quarter valued at approximately $74,164,000. Hedge funds and other institutional investors own 83.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on GXO. JPMorgan Chase & Co. reduced their target price on shares of GXO Logistics from $83.00 to $68.00 and set an “overweight” rating for the company in a report on Tuesday, July 12th. Oppenheimer lowered their target price on GXO Logistics from $91.00 to $78.00 in a research report on Wednesday, August 10th. Susquehanna lifted their target price on GXO Logistics from $61.00 to $65.00 in a research report on Thursday, August 4th. Susquehanna Bancshares increased their target price on shares of GXO Logistics from $61.00 to $65.00 in a report on Thursday, August 4th. Finally, Cowen increased their target price on shares of GXO Logistics from $64.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, August 4th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.65.

GXO Logistics Stock Down 8.3 %

Shares of GXO stock opened at $40.09 on Monday. The stock has a market cap of $4.76 billion and a P/E ratio of 21.55. GXO Logistics, Inc. has a 52 week low of $38.08 and a 52 week high of $105.92. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.70. The company’s fifty day simple moving average is $45.53 and its two-hundred day simple moving average is $53.91.

GXO Logistics (NYSE:GXOGet Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.63 by $0.05. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.11 billion. GXO Logistics had a net margin of 2.55% and a return on equity of 12.25%. Analysts predict that GXO Logistics, Inc. will post 2.82 EPS for the current fiscal year.

Insider Buying and Selling at GXO Logistics

In other GXO Logistics news, Director S Jacobs Bradley sold 5,167,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $48.35, for a total transaction of $249,848,625.00. Following the completion of the transaction, the director now owns 1,300,701 shares in the company, valued at approximately $62,888,893.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 11.10% of the stock is currently owned by company insiders.

GXO Logistics Company Profile

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GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, and other supply chain services, as well as reverse logistics or returns management services. As of December 31, 2021, it operated in approximately 906 facilities.

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Institutional Ownership by Quarter for GXO Logistics (NYSE:GXO)

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