Advisor Resource Council Acquires New Stake in GXO Logistics, Inc. (NYSE:GXO)

Advisor Resource Council bought a new position in shares of GXO Logistics, Inc. (NYSE:GXO) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 5,292 shares of the company’s stock, valued at approximately $276,000.

Several other large investors have also modified their holdings of the business. DekaBank Deutsche Girozentrale bought a new position in shares of GXO Logistics in the 3rd quarter worth $28,000. UMB Bank n.a. raised its holdings in GXO Logistics by 111.4% in the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after purchasing an additional 331 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of GXO Logistics by 37.2% in the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after buying an additional 249 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in GXO Logistics by 37.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock worth $54,000 after buying an additional 282 shares during the last quarter. Finally, Mather Group LLC. boosted its position in GXO Logistics by 170.7% in 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. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Down 1.7 %

Shares of NYSE GXO opened at $60.42 on Friday. The stock has a market cap of $7.22 billion, a PE ratio of 67.13, a P/E/G ratio of 1.75 and a beta of 1.55. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.87. GXO Logistics, Inc. has a 12-month low of $46.07 and a 12-month high of $63.33. The company has a 50-day moving average of $54.76 and a 200 day moving average of $51.97.

GXO Logistics (NYSE:GXO) last issued its earnings results on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.01 billion. GXO Logistics had a return on equity of 10.21% and a net margin of 0.97%. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period last year, the company earned $0.69 EPS. As a group, sell-side analysts predict that GXO Logistics, Inc. will post 2.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GXO has been the topic of a number of analyst reports. Susquehanna dropped their price objective 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. Citigroup began coverage on GXO Logistics in a research report on Wednesday, October 9th. They set a “buy” rating and a $60.00 target price on the stock. UBS Group increased their price target on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, TD Cowen boosted their price objective on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $67.55.

GXO Logistics 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.