Pacer Advisors Inc. Grows Position in GXO Logistics, Inc. $GXO

Pacer Advisors Inc. grew its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 194.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,256 shares of the company’s stock after purchasing an additional 14,699 shares during the period. Pacer Advisors Inc.’s holdings in GXO Logistics were worth $1,177,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in GXO. Chapman Financial Group LLC purchased a new position in shares of GXO Logistics in the 2nd quarter valued at about $34,000. Northwestern Mutual Wealth Management Co. increased its holdings in GXO Logistics by 72.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company’s stock valued at $37,000 after buying an additional 396 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of GXO Logistics by 177.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 767 shares of the company’s stock valued at $41,000 after acquiring an additional 491 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of GXO Logistics by 1,964.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 929 shares of the company’s stock worth $45,000 after acquiring an additional 884 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of GXO Logistics by 34.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,115 shares of the company’s stock worth $54,000 after acquiring an additional 283 shares in the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Todd C. Cooper bought 6,000 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The shares were purchased at an average price of $50.59 per share, for a total transaction of $303,540.00. Following the completion of the transaction, the director owned 10,040 shares in the company, valued at $507,923.60. The trade was a 148.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.30% of the company’s stock.

GXO Logistics Stock Down 0.7%

GXO opened at $52.67 on Friday. The firm has a market cap of $6.03 billion, a P/E ratio of 69.30, a PEG ratio of 2.16 and a beta of 1.64. The business’s fifty day simple moving average is $52.06 and its 200 day simple moving average is $51.57. GXO Logistics, Inc. has a 52 week low of $30.46 and a 52 week high of $57.99. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.73.

GXO Logistics (NYSE:GXO) last released its earnings results on Tuesday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. GXO Logistics had a net margin of 0.69% and a return on equity of 10.45%. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period in the prior year, the firm earned $0.79 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. GXO Logistics has set its FY 2025 guidance at 2.430-2.630 EPS. As a group, equities research analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GXO shares. Stifel Nicolaus dropped their price objective on GXO Logistics from $67.00 to $66.00 and set a “buy” rating for the company in a research note on Tuesday, December 16th. UBS Group raised their price target on GXO Logistics from $58.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Wells Fargo & Company boosted their price objective on shares of GXO Logistics from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Weiss Ratings restated a “sell (d+)” rating on shares of GXO Logistics in a report on Monday. Finally, Truist Financial set a $65.00 target price on shares of GXO Logistics in a research report on Tuesday, October 14th. Eleven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $62.62.

GXO Logistics Profile

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.