DnB Asset Management AS Purchases 4,544 Shares of GXO Logistics, Inc. (NYSE:GXO)

DnB Asset Management AS increased its position in shares of GXO Logistics, Inc. (NYSE:GXOGet Rating) by 9.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,435 shares of the company’s stock after acquiring an additional 4,544 shares during the period. DnB Asset Management AS’s holdings in GXO Logistics were worth $2,267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of GXO. Prospera Financial Services Inc bought a new stake in GXO Logistics during the 1st quarter worth approximately $31,000. Point72 Hong Kong Ltd bought a new position in shares of GXO Logistics in the 4th quarter worth $37,000. Geneos Wealth Management Inc. bought a new position in shares of GXO Logistics in the 1st quarter worth $39,000. Herold Advisors Inc. bought a new position in shares of GXO Logistics in the 1st quarter worth $54,000. Finally, First Horizon Advisors Inc. increased its holdings in shares of GXO Logistics by 18.8% in the 1st quarter. First Horizon Advisors Inc. now owns 1,276 shares of the company’s stock worth $91,000 after buying an additional 202 shares during the last quarter. Institutional investors own 83.54% of the company’s stock.

Insider Buying and Selling at GXO Logistics

In other GXO Logistics news, Director S Jacobs Bradley sold 5,167,500 shares of the stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $48.35, for a total transaction of $249,848,625.00. Following the completion of the sale, the director now owns 1,300,701 shares of the company’s stock, valued at approximately $62,888,893.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 11.10% of the stock is currently owned by corporate insiders.

GXO Logistics Trading Down 4.4 %

Shares of GXO opened at $39.48 on Wednesday. The stock has a market capitalization of $4.68 billion and a P/E ratio of 21.23. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.70. The firm has a fifty day simple moving average of $45.49 and a two-hundred day simple moving average of $53.58. GXO Logistics, Inc. has a twelve month low of $38.08 and a twelve month high of $105.92.

GXO Logistics (NYSE:GXOGet Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.05. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.11 billion. GXO Logistics had a net margin of 2.55% and a return on equity of 12.25%. On average, research analysts anticipate that GXO Logistics, Inc. will post 2.82 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on GXO. Cowen increased their price target on shares of GXO Logistics from $64.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, August 4th. Citigroup increased their price target on shares of GXO Logistics to $61.00 in a report on Tuesday, August 9th. Oppenheimer decreased their price target on shares of GXO Logistics from $91.00 to $78.00 in a report on Wednesday, August 10th. Susquehanna upped their price objective on shares of GXO Logistics from $61.00 to $65.00 in a research note on Thursday, August 4th. Finally, Barclays cut their price objective on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 12th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, GXO Logistics presently has a consensus rating of “Moderate Buy” and an average price target of $80.65.

GXO Logistics Company Profile

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GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, and other supply chain services, as well as reverse logistics or returns management services. As of December 31, 2021, it operated in approximately 906 facilities.

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

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