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

Mathes Company Inc. raised its stake in GXO Logistics, Inc. (NYSE:GXO) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,475 shares of the company’s stock after buying an additional 175 shares during the period. Mathes Company Inc.’s holdings in GXO Logistics were worth $1,326,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new stake in shares of GXO Logistics in the 3rd quarter valued at about $28,000. UMB Bank n.a. raised its stake in GXO Logistics by 111.4% during the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after buying an additional 331 shares during the period. Signaturefd LLC raised its stake in GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after buying an additional 249 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings 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 purchasing an additional 282 shares in the last quarter. Finally, Mather Group LLC. increased its holdings in GXO Logistics by 170.7% during the 2nd quarter. Mather Group LLC. now owns 1,110 shares of the company’s stock worth $60,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Price Performance

Shares of NYSE GXO opened at $58.58 on Friday. The stock has a fifty day simple moving average of $53.95 and a two-hundred day simple moving average of $51.69. GXO Logistics, Inc. has a 1-year low of $46.07 and a 1-year high of $63.33. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 50.09, a price-to-earnings-growth ratio of 1.85 and a beta of 1.59. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.87.

GXO Logistics (NYSE:GXO) last posted its 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). The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.73 billion. GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. The company’s revenue was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 EPS. Analysts anticipate that GXO Logistics, Inc. will post 2.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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