Centaurus Financial Inc. Acquires New Shares in GXO Logistics, Inc. (NYSE:GXO)

Centaurus Financial Inc. bought a new position in GXO Logistics, Inc. (NYSE:GXO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 13,244 shares of the company’s stock, valued at approximately $669,000.

Other hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. grew its stake in 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 acquiring an additional 700 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of GXO Logistics by 920.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,276 shares of the company’s stock valued at $64,000 after purchasing an additional 1,151 shares in the last quarter. Motco increased its holdings in shares of GXO Logistics by 2,836.4% in the first quarter. Motco now owns 1,292 shares of the company’s stock worth $69,000 after purchasing an additional 1,248 shares during the period. Smithfield Trust Co raised its position in shares of GXO Logistics by 16.5% in the first quarter. Smithfield Trust Co now owns 1,378 shares of the company’s stock worth $73,000 after buying an additional 195 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in GXO Logistics during the first quarter valued at $80,000. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Analyst Upgrades and Downgrades

GXO has been the topic of a number of research analyst reports. 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 on the stock. Susquehanna lowered their target price on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research note on Thursday, September 26th. UBS Group dropped their target price on shares of GXO Logistics from $71.00 to $66.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $67.27.

GXO Logistics Stock Down 0.1 %

Shares of NYSE:GXO opened at $49.30 on Friday. GXO Logistics, Inc. has a 12-month low of $46.07 and a 12-month high of $63.07. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.87. The stock’s 50-day moving average price is $50.14 and its 200-day moving average price is $50.56. The stock has a market capitalization of $5.89 billion, a P/E ratio of 35.47, a price-to-earnings-growth ratio of 1.55 and a beta of 1.59.

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