Hara Capital LLC Purchases New Holdings in GXO Logistics, Inc. (NYSE:GXO)

Hara Capital LLC bought a new position in shares of GXO Logistics, Inc. (NYSE:GXO) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 960 shares of the company’s stock, valued at approximately $50,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GXO. Mirae Asset Global Investments Co. Ltd. increased its position in GXO Logistics by 25.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,591 shares of the company’s stock worth $1,752,000 after purchasing an additional 6,653 shares during the period. Texas Permanent School Fund Corp increased its position in GXO Logistics by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 104,108 shares of the company’s stock worth $5,597,000 after purchasing an additional 1,392 shares during the period. Quantbot Technologies LP acquired a new position in GXO Logistics during the 1st quarter worth approximately $1,354,000. Sciencast Management LP increased its position in GXO Logistics by 14.4% during the 1st quarter. Sciencast Management LP now owns 8,211 shares of the company’s stock worth $441,000 after purchasing an additional 1,033 shares during the period. Finally, SG Americas Securities LLC increased its position in GXO Logistics by 34.3% during the 1st quarter. SG Americas Securities LLC now owns 4,816 shares of the company’s stock worth $259,000 after purchasing an additional 1,230 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Price Performance

GXO stock opened at $60.42 on Friday. 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 0.87, a quick ratio of 0.86 and a current ratio of 0.86. The stock’s 50 day moving average price is $54.76 and its 200 day moving average price is $51.97. The firm has a market cap of $7.22 billion, a P/E ratio of 67.13, a PEG ratio of 1.75 and a beta of 1.55.

GXO Logistics (NYSE:GXO) last posted its earnings results on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. GXO Logistics had a return on equity of 10.21% and a net margin of 0.97%. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the company earned $0.69 EPS. GXO Logistics’s revenue was up 27.8% on a year-over-year basis. On average, sell-side analysts expect that GXO Logistics, Inc. will post 2.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. UBS Group boosted their target price on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday. Susquehanna decreased their price target on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research note on Thursday, September 26th. Citigroup assumed coverage on GXO Logistics in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 price target on the stock. Finally, TD Cowen boosted their price target on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, GXO Logistics has a consensus rating of “Moderate Buy” and a consensus target price of $67.55.

GXO Logistics 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.