GXO Logistics, Inc. (NYSE:GXO) Shares Acquired by Cwm LLC

Cwm LLC lifted its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 13.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,961 shares of the company’s stock after purchasing an additional 238 shares during the period. Cwm LLC’s holdings in GXO Logistics were worth $102,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Daymark Wealth Partners LLC raised its stake in GXO Logistics by 37.3% in the third quarter. Daymark Wealth Partners LLC now owns 8,396 shares of the company’s stock valued at $437,000 after buying an additional 2,282 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of GXO Logistics during the 3rd quarter worth about $209,000. Blue Zone Wealth Advisors LLC lifted its stake in GXO Logistics by 2.2% during the third quarter. Blue Zone Wealth Advisors LLC now owns 47,942 shares of the company’s stock worth $2,496,000 after purchasing an additional 1,031 shares during the last quarter. Security National Bank boosted its holdings in GXO Logistics by 0.7% in the third quarter. Security National Bank now owns 73,790 shares of the company’s stock valued at $3,842,000 after purchasing an additional 513 shares in the last quarter. Finally, Centaurus Financial Inc. purchased a new position in GXO Logistics in the second quarter valued at approximately $669,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Price Performance

Shares of NYSE GXO opened at $61.12 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $7.30 billion, a PE ratio of 43.97, a P/E/G ratio of 1.52 and a beta of 1.59. The stock has a fifty day moving average price of $52.80 and a 200 day moving average price of $51.37. GXO Logistics, Inc. has a 1-year low of $46.07 and a 1-year high of $63.33.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. UBS Group reduced their price objective 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. JPMorgan Chase & Co. upped their price objective on shares of GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Citigroup began coverage on GXO Logistics in a report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective on the stock. Finally, Susquehanna decreased their target price on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research report on Thursday, September 26th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.91.

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.