GXO Logistics, Inc. (NYSE:GXO) Position Lifted by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,145,865 shares of the company’s stock after acquiring an additional 72,764 shares during the period. Vanguard Group Inc. owned about 9.35% of GXO Logistics worth $681,681,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of GXO. UBS Group AG increased its holdings in GXO Logistics by 30.4% in the third quarter. UBS Group AG now owns 118,469 shares of the company’s stock valued at $6,948,000 after buying an additional 27,616 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of GXO Logistics in the 3rd quarter valued at approximately $31,000. QRG Capital Management Inc. acquired a new stake in shares of GXO Logistics during the 3rd quarter valued at approximately $272,000. Envestnet Portfolio Solutions Inc. bought a new position in GXO Logistics during the third quarter worth $257,000. Finally, Envestnet Asset Management Inc. boosted its holdings in GXO Logistics by 34.3% in the third quarter. Envestnet Asset Management Inc. now owns 169,577 shares of the company’s stock worth $9,946,000 after purchasing an additional 43,295 shares during the period. Institutional investors own 90.67% of the company’s stock.

Insider Activity

In other news, CEO Malcolm Wilson bought 10,000 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were purchased at an average cost of $49.95 per share, with a total value of $499,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 100,814 shares in the company, valued at $5,035,659.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

GXO has been the topic of a number of research reports. Morgan Stanley reissued an “overweight” rating and set a $70.00 target price on shares of GXO Logistics in a report on Tuesday, May 14th. TD Cowen increased their price objective on shares of GXO Logistics from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Wells Fargo & Company began coverage on GXO Logistics in a research note on Friday, June 7th. They issued an “overweight” rating and a $58.00 target price for the company. Loop Capital dropped their price target on GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. cut their price target on GXO Logistics from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.85.

GXO Logistics Stock Up 0.2 %

GXO Logistics stock opened at $47.85 on Monday. The company’s 50-day moving average price is $50.25 and its two-hundred day moving average price is $53.40. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 1.43 and a beta of 1.61. GXO Logistics, Inc. has a 52 week low of $46.38 and a 52 week high of $67.57. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.52.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.38 billion. GXO Logistics had a net margin of 1.68% and a return on equity of 10.60%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the business earned $0.49 earnings per share. On average, analysts expect that GXO Logistics, Inc. will post 2.77 EPS for the current fiscal year.

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.