Mendel Money Management Has $2.61 Million Stake in GXO Logistics, Inc. $GXO

Mendel Money Management decreased its position in GXO Logistics, Inc. (NYSE:GXO) by 9.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,570 shares of the company’s stock after selling 5,700 shares during the quarter. Mendel Money Management’s holdings in GXO Logistics were worth $2,609,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas grew its position in shares of GXO Logistics by 3.9% in the second quarter. Teacher Retirement System of Texas now owns 18,151 shares of the company’s stock valued at $884,000 after purchasing an additional 684 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of GXO Logistics in the second quarter valued at about $6,996,000. Delta Investment Management LLC bought a new stake in shares of GXO Logistics in the second quarter valued at about $209,000. Envestnet Asset Management Inc. boosted its position in shares of GXO Logistics by 6.5% in the second quarter. Envestnet Asset Management Inc. now owns 63,797 shares of the company’s stock valued at $3,107,000 after acquiring an additional 3,914 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of GXO Logistics by 24.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,604 shares of the company’s stock valued at $127,000 after buying an additional 515 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Citigroup lifted their price target on shares of GXO Logistics from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Susquehanna raised their price target on GXO Logistics from $58.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. Wells Fargo & Company raised their price target on GXO Logistics from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. raised their price target on GXO Logistics from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Finally, Barclays increased their price target on shares of GXO Logistics from $45.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. Eleven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, GXO Logistics currently has an average rating of “Moderate Buy” and an average price target of $61.57.

GXO Logistics Price Performance

Shares of GXO stock opened at $54.30 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.87. GXO Logistics, Inc. has a twelve month low of $30.46 and a twelve month high of $62.07. The company has a market cap of $6.22 billion, a P/E ratio of 102.45, a P/E/G ratio of 2.23 and a beta of 1.64. The business has a fifty day simple moving average of $52.74 and a 200 day simple moving average of $47.40.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.09 billion. GXO Logistics had a net margin of 0.50% and a return on equity of 10.45%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS. On average, sell-side analysts forecast that GXO Logistics, Inc. will post 2.49 EPS 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.