Impax Asset Management Group plc Has $1.34 Million Holdings in GXO Logistics, Inc. (NYSE:GXO)

Impax Asset Management Group plc increased its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 34.9% during the third quarter, HoldingsChannel.com reports. The fund owned 25,652 shares of the company’s stock after purchasing an additional 6,630 shares during the period. Impax Asset Management Group plc’s holdings in GXO Logistics were worth $1,336,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GXO. George Kaiser Family Foundation acquired a new position in GXO Logistics during the first quarter valued at approximately $1,014,000. Raymond James & Associates grew its stake in GXO Logistics by 16.3% in the 3rd quarter. Raymond James & Associates now owns 466,749 shares of the company’s stock valued at $24,304,000 after buying an additional 65,534 shares during the last quarter. Swedbank AB raised its holdings in GXO Logistics by 15.9% in the 2nd quarter. Swedbank AB now owns 1,825,000 shares of the company’s stock worth $92,162,000 after acquiring an additional 250,000 shares during the period. Harbor Capital Advisors Inc. lifted its position in GXO Logistics by 269.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 22,928 shares of the company’s stock worth $1,158,000 after acquiring an additional 16,716 shares during the last quarter. Finally, Mediolanum International Funds Ltd bought a new stake in GXO Logistics during the third quarter valued at about $6,819,000. 90.67% of the stock is owned by institutional investors.

GXO Logistics Stock Down 1.6 %

NYSE GXO opened at $57.69 on Wednesday. GXO Logistics, Inc. has a 1-year low of $46.07 and a 1-year high of $63.33. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.87. The stock’s 50 day moving average is $54.12 and its two-hundred day moving average is $51.79. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 49.31, a PEG ratio of 1.75 and a beta of 1.55.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the previous year, the firm earned $0.69 EPS. GXO Logistics’s quarterly revenue was up 27.8% on a year-over-year basis. Equities analysts forecast that GXO Logistics, Inc. will post 2.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Susquehanna cut their price objective on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research report on Thursday, September 26th. Citigroup began coverage on GXO Logistics in a report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price target for the company. UBS Group reduced their price objective on GXO Logistics from $71.00 to $66.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.91.

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.