Keeley Teton Advisors LLC Boosts Position in GXO Logistics, Inc. (NYSE:GXO)

Keeley Teton Advisors LLC boosted its holdings in GXO Logistics, Inc. (NYSE:GXOGet Rating) by 41.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 22,450 shares of the company’s stock after buying an additional 6,614 shares during the period. Keeley Teton Advisors LLC’s holdings in GXO Logistics were worth $971,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GXO. Pendal Group Ltd raised its stake in shares of GXO Logistics by 128.0% during the second quarter. Pendal Group Ltd now owns 3,248,753 shares of the company’s stock valued at $140,574,000 after purchasing an additional 1,824,003 shares during the period. BlackRock Inc. raised its stake in shares of GXO Logistics by 10.1% during the first quarter. BlackRock Inc. now owns 11,164,769 shares of the company’s stock valued at $796,492,000 after purchasing an additional 1,023,715 shares during the period. Mar Vista Investment Partners LLC purchased a new stake in shares of GXO Logistics during the first quarter valued at approximately $71,087,000. American Century Companies Inc. raised its stake in shares of GXO Logistics by 33.3% during the first quarter. American Century Companies Inc. now owns 3,719,572 shares of the company’s stock valued at $265,354,000 after purchasing an additional 929,177 shares during the period. Finally, Gates Capital Management Inc. raised its stake in shares of GXO Logistics by 20.5% during the first quarter. Gates Capital Management Inc. now owns 2,206,084 shares of the company’s stock valued at $157,382,000 after purchasing an additional 376,040 shares during the period. Hedge funds and other institutional investors own 83.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on GXO shares. Morgan Stanley dropped their price objective on shares of GXO Logistics from $67.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Monday, October 3rd. Susquehanna Bancshares decreased their price target on shares of GXO Logistics from $55.00 to $54.00 in a research report on Thursday, November 10th. Credit Suisse Group decreased their price target on shares of GXO Logistics from $56.00 to $48.00 in a research report on Tuesday, October 11th. Cowen decreased their price target on shares of GXO Logistics from $67.00 to $62.00 and set an “outperform” rating for the company in a research report on Tuesday, September 27th. Finally, Jefferies Financial Group began coverage on shares of GXO Logistics in a research report on Monday, October 24th. They set a “buy” rating and a $70.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $61.31.

GXO Logistics Stock Performance

GXO Logistics stock opened at $43.89 on Thursday. The company has a market cap of $5.21 billion, a PE ratio of 24.80, a P/E/G ratio of 1.28 and a beta of 1.30. The company has a fifty day moving average price of $37.82 and a two-hundred day moving average price of $44.22. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99. GXO Logistics, Inc. has a 12 month low of $32.10 and a 12 month high of $102.57.

About GXO Logistics

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GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, and other supply chain services, as well as reverse logistics or returns management services. As of December 31, 2021, it operated in approximately 906 facilities.

Further Reading

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Institutional Ownership by Quarter for GXO Logistics (NYSE:GXO)

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