Vanguard Personalized Indexing Management LLC Purchases 4,618 Shares of GXO Logistics, Inc. (NYSE:GXO)

Vanguard Personalized Indexing Management LLC lifted its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 43.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,156 shares of the company’s stock after buying an additional 4,618 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in GXO Logistics were worth $765,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Mather Group LLC. boosted its position in shares of GXO Logistics by 170.7% during the second quarter. Mather Group LLC. now owns 1,110 shares of the company’s stock valued at $60,000 after buying an additional 700 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of GXO Logistics by 920.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,276 shares of the company’s stock valued at $64,000 after buying an additional 1,151 shares during the last quarter. Motco boosted its position in shares of GXO Logistics by 2,836.4% during the first quarter. Motco now owns 1,292 shares of the company’s stock valued at $69,000 after buying an additional 1,248 shares during the last quarter. Smithfield Trust Co boosted its position in shares of GXO Logistics by 16.5% during the first quarter. Smithfield Trust Co now owns 1,378 shares of the company’s stock valued at $73,000 after buying an additional 195 shares during the last quarter. Finally, LRI Investments LLC purchased a new position in shares of GXO Logistics during the first quarter valued at approximately $80,000. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on GXO shares. JPMorgan Chase & Co. boosted their price objective on GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. UBS Group cut their price objective on GXO Logistics from $71.00 to $66.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company assumed coverage on GXO Logistics in a research report on Friday, June 7th. They issued an “overweight” rating and a $58.00 price objective on the stock. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.45.

GXO Logistics Stock Performance

NYSE:GXO opened at $51.49 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.86 and a current ratio of 0.86. GXO Logistics, Inc. has a 52-week low of $46.07 and a 52-week high of $63.07. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 1.46 and a beta of 1.58. The business’s fifty day moving average is $50.60 and its 200 day moving average is $50.51.

GXO Logistics (NYSE:GXO) last announced its earnings results on Tuesday, August 6th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.73 billion. GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. GXO Logistics’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.70 earnings per share. Research analysts predict that GXO Logistics, Inc. will post 2.79 EPS for the current year.

About GXO Logistics

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.