Natixis Advisors LLC Has $916,000 Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Natixis Advisors LLC increased its holdings in GXO Logistics, Inc. (NYSE:GXO) by 15.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,591 shares of the company’s stock after purchasing an additional 2,288 shares during the period. Natixis Advisors LLC’s holdings in GXO Logistics were worth $916,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GXO. DekaBank Deutsche Girozentrale acquired a new stake in shares of GXO Logistics in the 3rd quarter valued at $28,000. UMB Bank n.a. lifted its holdings in GXO Logistics by 111.4% during the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company’s stock valued at $33,000 after purchasing an additional 331 shares during the last quarter. Signaturefd LLC boosted its position 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 buying an additional 249 shares in the last quarter. Hara Capital LLC bought a new stake in GXO Logistics during the third quarter worth about $50,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in GXO Logistics by 37.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock worth $54,000 after acquiring an additional 282 shares during the last quarter. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Down 0.2 %

Shares of GXO Logistics stock opened at $60.36 on Thursday. The company has a market capitalization of $7.21 billion, a P/E ratio of 67.19, a price-to-earnings-growth ratio of 1.85 and a beta of 1.55. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. The business has a 50-day moving average of $57.45 and a two-hundred day moving average of $52.83. GXO Logistics, Inc. has a 1 year low of $46.07 and a 1 year high of $63.33.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.01. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The firm’s revenue was up 27.8% compared to the same quarter last year. As a group, equities analysts predict that GXO Logistics, Inc. will post 2.77 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on GXO. Oppenheimer raised their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday. Barclays upped their price objective on GXO Logistics from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Citigroup assumed coverage on GXO Logistics in a research report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price objective on the stock. TD Cowen boosted their target price on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Susquehanna decreased their price target on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

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.