Kirr Marbach & Co. LLC IN Grows Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Kirr Marbach & Co. LLC IN boosted its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,139 shares of the company’s stock after purchasing an additional 434 shares during the period. GXO Logistics comprises 1.2% of Kirr Marbach & Co. LLC IN’s portfolio, making the stock its 28th largest holding. Kirr Marbach & Co. LLC IN owned about 0.08% of GXO Logistics worth $5,162,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of GXO Logistics by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 11,228,350 shares of the company’s stock valued at $603,636,000 after buying an additional 82,485 shares during the period. American Century Companies Inc. increased its position in GXO Logistics by 25.2% during the second quarter. American Century Companies Inc. now owns 3,221,818 shares of the company’s stock valued at $162,702,000 after acquiring an additional 648,547 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in GXO Logistics by 0.5% in the first quarter. Clearbridge Investments LLC now owns 2,956,981 shares of the company’s stock valued at $158,967,000 after acquiring an additional 15,463 shares during the period. Fort Pitt Capital Group LLC boosted its position in GXO Logistics by 30.4% in the second quarter. Fort Pitt Capital Group LLC now owns 2,416,606 shares of the company’s stock worth $122,039,000 after purchasing an additional 563,057 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of GXO Logistics by 11.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,398,933 shares of the company’s stock valued at $121,140,000 after purchasing an additional 240,766 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Analysts Set New Price Targets

GXO has been the topic of several recent research reports. Susquehanna lowered their price objective on shares of 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 shares of GXO Logistics in a research report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price target on the stock. UBS Group dropped their price target on shares of GXO Logistics from $71.00 to $66.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. upped their price objective on GXO Logistics from $61.00 to $63.00 and gave the stock 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 company. Based on data from MarketBeat.com, GXO Logistics currently has an average rating of “Moderate Buy” and an average price target of $66.91.

GXO Logistics Trading Up 0.4 %

Shares of GXO Logistics stock opened at $63.01 on Friday. GXO Logistics, Inc. has a fifty-two week low of $46.07 and a fifty-two week 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 company has a market capitalization of $7.53 billion, a P/E ratio of 45.33, a P/E/G ratio of 1.52 and a beta of 1.59. The company has a fifty day moving average of $51.40 and a 200 day moving average of $51.03.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.73 billion. GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. The business’s revenue was up 18.9% on a year-over-year basis. During the same period last year, the company earned $0.70 EPS. On average, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.79 earnings per share for the current fiscal year.

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.