Arkadios Wealth Advisors Grows Position in GXO Logistics, Inc. (NYSE:GXO)

Arkadios Wealth Advisors boosted its holdings in shares of GXO Logistics, Inc. (NYSE:GXOFree Report) by 16.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,498 shares of the company’s stock after acquiring an additional 909 shares during the period. Arkadios Wealth Advisors’ holdings in GXO Logistics were worth $283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mount Lucas Management LP raised its stake in GXO Logistics by 2.4% during the third quarter. Mount Lucas Management LP now owns 7,327 shares of the company’s stock worth $382,000 after purchasing an additional 173 shares during the period. Mathes Company Inc. lifted its position in shares of GXO Logistics by 0.7% during the third quarter. Mathes Company Inc. now owns 25,475 shares of the company’s stock worth $1,326,000 after purchasing an additional 175 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in GXO Logistics by 7.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,064 shares of the company’s stock valued at $160,000 after buying an additional 220 shares during the period. CWM LLC grew its stake in GXO Logistics by 13.8% during the 3rd quarter. CWM LLC now owns 1,961 shares of the company’s stock worth $102,000 after purchasing an additional 238 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of GXO Logistics by 37.2% during the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after buying an additional 249 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Stock Performance

Shares of GXO opened at $45.00 on Friday. GXO Logistics, Inc. has a 1 year low of $41.38 and a 1 year high of $63.33. The company’s 50 day simple moving average is $48.99 and its 200 day simple moving average is $51.91. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 50.00, a PEG ratio of 1.23 and a beta of 1.60.

GXO Logistics (NYSE:GXOGet Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 EPS. On average, sell-side analysts predict that GXO Logistics, Inc. will post 2.73 EPS for the current year.

Wall Street Analysts Forecast Growth

GXO has been the subject of several analyst reports. Barclays lowered their price objective on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. Citigroup initiated coverage on GXO Logistics in a research report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective for the company. The Goldman Sachs Group cut their price target on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Susquehanna lowered their price target 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. Finally, UBS Group lifted their price objective on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $65.38.

Check Out Our Latest Report on GXO

About GXO Logistics

(Free Report)

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.

See Also

Institutional Ownership by Quarter for GXO Logistics (NYSE:GXO)

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