LRI Investments LLC Makes New Investment in GXO Logistics, Inc. (NYSE:GXO)

LRI Investments LLC purchased a new position in shares of GXO Logistics, Inc. (NYSE:GXO) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,516 shares of the company’s stock, valued at approximately $80,000.

Several other large investors also recently made changes to their positions in the stock. Headlands Technologies LLC bought a new stake in GXO Logistics during the fourth quarter worth approximately $59,000. Motco lifted its position in GXO Logistics by 2,836.4% during the 1st quarter. Motco now owns 1,292 shares of the company’s stock worth $69,000 after acquiring an additional 1,248 shares during the last quarter. Smithfield Trust Co boosted its holdings in 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 acquiring an additional 195 shares during the period. CWM LLC grew its position in shares of GXO Logistics by 28.1% in the fourth quarter. CWM LLC now owns 1,778 shares of the company’s stock valued at $109,000 after purchasing an additional 390 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of GXO Logistics by 16.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,988 shares of the company’s stock worth $122,000 after purchasing an additional 287 shares during the period. Institutional investors own 90.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GXO shares. Stifel Nicolaus reiterated a “buy” rating and set a $74.00 price target on shares of GXO Logistics in a report on Wednesday, May 15th. Loop Capital dropped their price target on GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. TD Cowen upped their price objective on GXO Logistics from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. JPMorgan Chase & Co. lifted their target price on GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, July 9th. Finally, Wells Fargo & Company started 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. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

Insider Activity at GXO Logistics

In other news, CEO Malcolm Wilson purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were bought at an average cost of $49.95 per share, for a total transaction of $499,500.00. Following the completion of the transaction, the chief executive officer now directly owns 100,814 shares of the company’s stock, valued at approximately $5,035,659.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is currently owned by company insiders.

GXO Logistics Stock Up 0.7 %

GXO traded up $0.39 during midday trading on Friday, reaching $55.70. 461,705 shares of the company were exchanged, compared to its average volume of 825,121. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 40.07, a price-to-earnings-growth ratio of 1.67 and a beta of 1.60. 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 one year low of $46.38 and a one year high of $67.36. The company’s fifty day moving average price is $50.61 and its 200 day moving average price is $51.94.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. GXO Logistics had a return on equity of 10.60% and a net margin of 1.68%. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter last year, the business posted $0.49 EPS. The business’s revenue was up 5.7% on a year-over-year basis. As a group, analysts expect that GXO Logistics, Inc. will post 2.78 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.