Mathes Company Inc. Purchases 175 Shares of GXO Logistics, Inc. (NYSE:GXO)

Mathes Company Inc. raised its stake in GXO Logistics, Inc. (NYSE:GXO) by 0.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,475 shares of the company’s stock after purchasing an additional 175 shares during the quarter. Mathes Company Inc.’s holdings in GXO Logistics were worth $1,326,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new position in GXO Logistics in the third quarter valued at approximately $28,000. UMB Bank n.a. grew its stake in GXO Logistics by 111.4% in the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock valued at $33,000 after purchasing an additional 331 shares in the last quarter. Signaturefd LLC grew its stake in GXO Logistics by 37.2% in the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after purchasing an additional 249 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in 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 valued at $54,000 after purchasing an additional 282 shares in the last quarter. Finally, Mather Group LLC. grew its stake in GXO Logistics by 170.7% in the second 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. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Price Performance

Shares of NYSE GXO opened at $58.58 on Friday. The stock has a market capitalization of $7.00 billion, a PE ratio of 50.09, a P/E/G ratio of 1.85 and a beta of 1.59. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.86. The business has a fifty day moving average price of $53.95 and a two-hundred day moving average price of $51.69. GXO Logistics, Inc. has a fifty-two week low of $46.07 and a fifty-two week high of $63.33.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02). GXO Logistics had a net margin of 1.35% and a return on equity of 9.86%. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the business posted $0.70 EPS. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. As a group, equities analysts predict that GXO Logistics, Inc. will post 2.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GXO. Susquehanna decreased their price target on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research note on Thursday, September 26th. Citigroup began coverage on GXO Logistics in a research report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, July 9th. Finally, UBS Group dropped their price target on GXO Logistics from $71.00 to $66.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, GXO Logistics currently has a consensus rating of “Moderate Buy” and a consensus price target 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.