Hennion & Walsh Asset Management Inc. Increases Holdings in GXO Logistics, Inc. (NYSE:GXO)

Hennion & Walsh Asset Management Inc. lifted its holdings in GXO Logistics, Inc. (NYSE:GXO) by 21.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,487 shares of the company’s stock after acquiring an additional 3,740 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in GXO Logistics were worth $1,155,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in shares of GXO Logistics by 34.3% in the 3rd 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. Mariner LLC increased its position in GXO Logistics by 15.9% during the third quarter. Mariner LLC now owns 9,271 shares of the company’s stock valued at $544,000 after acquiring an additional 1,273 shares during the last quarter. Treasurer of the State of North Carolina increased its position in GXO Logistics by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 51,396 shares of the company’s stock valued at $3,014,000 after acquiring an additional 270 shares during the last quarter. Alta Fox Capital Management LLC lifted its holdings in shares of GXO Logistics by 39.6% in the 3rd quarter. Alta Fox Capital Management LLC now owns 79,599 shares of the company’s stock worth $4,668,000 after acquiring an additional 22,599 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its stake in shares of GXO Logistics by 47.6% during the 3rd quarter. Kennedy Capital Management LLC now owns 144,957 shares of the company’s stock worth $8,502,000 after purchasing an additional 46,732 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Price Performance

NYSE GXO opened at $50.50 on Monday. The company has a market cap of $6.03 billion, a PE ratio of 36.33, a P/E/G ratio of 1.52 and a beta of 1.61. The firm’s 50 day moving average price is $50.25 and its 200-day moving average price is $53.11. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.94 and a current ratio of 0.94. GXO Logistics, Inc. has a 52-week low of $46.38 and a 52-week high of $67.57.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Morgan Stanley restated an “overweight” rating and set a $70.00 target price on shares of GXO Logistics in a research report on Tuesday, May 14th. BNP Paribas raised GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price objective on the stock in a research report on Wednesday, March 27th. TD Cowen increased their target price on GXO Logistics from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. JPMorgan Chase & Co. lowered their target price on shares of GXO Logistics from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. Finally, Loop Capital reduced their price target on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $68.85.

Insider Buying and Selling at GXO Logistics

In other news, CEO Malcolm Wilson purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was acquired at an average cost of $49.95 per share, with a total value of $499,500.00. Following the completion of the transaction, the chief executive officer now owns 100,814 shares in the company, valued at approximately $5,035,659.30. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is owned by insiders.

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.