Varenne Capital Partners Sells 27,677 Shares of GXO Logistics, Inc. $GXO

Varenne Capital Partners decreased its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 17.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 135,089 shares of the company’s stock after selling 27,677 shares during the period. GXO Logistics accounts for about 1.1% of Varenne Capital Partners’ investment portfolio, making the stock its 17th largest position. Varenne Capital Partners owned about 0.12% of GXO Logistics worth $6,844,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its position in shares of GXO Logistics by 15.2% in the fourth quarter. UMB Bank n.a. now owns 1,674 shares of the company’s stock worth $88,000 after purchasing an additional 221 shares during the period. Guggenheim Capital LLC raised its position in shares of GXO Logistics by 5.3% during the 4th quarter. Guggenheim Capital LLC now owns 4,445 shares of the company’s stock valued at $234,000 after purchasing an additional 225 shares during the period. Parallel Advisors LLC lifted its stake in shares of GXO Logistics by 9.4% during the 1st quarter. Parallel Advisors LLC now owns 2,723 shares of the company’s stock valued at $141,000 after buying an additional 233 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of GXO Logistics by 3.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 7,073 shares of the company’s stock valued at $372,000 after buying an additional 235 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in GXO Logistics by 2.0% in the 2nd quarter. Hsbc Holdings PLC now owns 12,780 shares of the company’s stock worth $622,000 after buying an additional 253 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on GXO. UBS Group decreased their price target on GXO Logistics from $74.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Wells Fargo & Company initiated coverage on GXO Logistics in a research note on Tuesday, July 28th. They issued an “overweight” rating and a $18.00 price objective for the company. Truist Financial cut their target price on GXO Logistics from $70.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Citizens Jmp assumed coverage on GXO Logistics in a research note on Wednesday, July 15th. They set a “market perform” rating and a $80.00 target price on the stock. Finally, Weiss Ratings raised GXO Logistics from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, GXO Logistics presently has an average rating of “Moderate Buy” and an average price target of $63.93.

GXO Logistics Stock Performance

Shares of NYSE GXO opened at $48.39 on Monday. The company has a market cap of $5.55 billion, a P/E ratio of 42.82, a P/E/G ratio of 1.50 and a beta of 1.54. GXO Logistics, Inc. has a 52-week low of $45.00 and a 52-week high of $66.85. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.79. The firm’s fifty day moving average is $49.71 and its two-hundred day moving average is $52.15.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.58 by $0.01. The business had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.46 billion. GXO Logistics had a net margin of 0.96% and a return on equity of 10.57%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 EPS. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. As a group, analysts anticipate that GXO Logistics, Inc. will post 3.06 EPS for the current fiscal year.

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.