GXO Logistics, Inc. $GXO Shares Bought by Penn Capital Management Company LLC

Penn Capital Management Company LLC grew its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 41.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 317,342 shares of the company’s stock after purchasing an additional 93,286 shares during the period. GXO Logistics makes up about 1.3% of Penn Capital Management Company LLC’s holdings, making the stock its 24th biggest position. Penn Capital Management Company LLC owned approximately 0.28% of GXO Logistics worth $16,826,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GXO. Accredited Wealth Management LLC raised its holdings in GXO Logistics by 1,100.0% during the third quarter. Accredited Wealth Management LLC now owns 600 shares of the company’s stock worth $32,000 after purchasing an additional 550 shares during the last quarter. Chapman Financial Group LLC acquired a new stake in shares of GXO Logistics during the second quarter worth $34,000. Farther Finance Advisors LLC increased its stake in GXO Logistics by 177.9% in the third quarter. Farther Finance Advisors LLC now owns 767 shares of the company’s stock valued at $41,000 after purchasing an additional 491 shares during the last quarter. Quent Capital LLC purchased a new position in GXO Logistics during the third quarter worth about $50,000. Finally, LRI Investments LLC increased its stake in GXO Logistics by 128.0% during the third quarter. LRI Investments LLC now owns 1,156 shares of the company’s stock worth $61,000 after acquiring an additional 649 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Stock Up 1.5%

GXO stock opened at $53.74 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $6.16 billion, a PE ratio of 179.13, a P/E/G ratio of 1.79 and a beta of 1.62. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $66.85. The firm has a 50 day simple moving average of $58.79 and a 200 day simple moving average of $54.62.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. The company had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.48 billion. GXO Logistics had a return on equity of 9.83% and a net margin of 0.24%.The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 earnings per share. Equities research analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GXO. Truist Financial increased their target price on shares of GXO Logistics from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Morgan Stanley reiterated an “overweight” rating and issued a $75.00 target price on shares of GXO Logistics in a research report on Tuesday, February 17th. Oppenheimer reaffirmed an “outperform” rating and issued a $70.00 price target on shares of GXO Logistics in a research note on Thursday, February 12th. Wells Fargo & Company raised their price objective on shares of GXO Logistics from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Finally, The Goldman Sachs Group downgraded GXO Logistics from a “buy” rating to a “neutral” rating and set a $68.00 target price for the company. in a research report on Wednesday, March 4th. Ten research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.17.

GXO Logistics Company 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.