Kestra Private Wealth Services LLC Invests $247,000 in GXO Logistics, Inc. (NYSE:GXO)

Kestra Private Wealth Services LLC bought a new position in shares of GXO Logistics, Inc. (NYSE:GXOGet Rating) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,460 shares of the company’s stock, valued at approximately $247,000.

Other institutional investors have also added to or reduced their stakes in the company. Prospera Financial Services Inc bought a new position in GXO Logistics during the 1st quarter worth $31,000. Point72 Hong Kong Ltd acquired a new position in shares of GXO Logistics in the fourth quarter valued at about $37,000. Geneos Wealth Management Inc. bought a new position in GXO Logistics during the first quarter worth about $39,000. Herold Advisors Inc. acquired a new stake in GXO Logistics in the 1st quarter worth about $54,000. Finally, First Horizon Advisors Inc. boosted its holdings in GXO Logistics by 18.8% in the 1st quarter. First Horizon Advisors Inc. now owns 1,276 shares of the company’s stock valued at $91,000 after purchasing an additional 202 shares during the period. 83.54% of the stock is currently owned by institutional investors.

GXO Logistics Price Performance

GXO stock opened at $40.75 on Thursday. The company has a market capitalization of $4.83 billion and a P/E ratio of 21.91. The company has a fifty day moving average price of $45.49 and a 200-day moving average price of $53.49. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.95 and a current ratio of 0.95. GXO Logistics, Inc. has a 52-week low of $38.08 and a 52-week high of $105.92.

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

Insider Buying and Selling

In other GXO Logistics news, Director S Jacobs Bradley sold 5,167,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 1,300,701 shares in the company, valued at approximately $62,888,893.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

GXO has been the subject of a number of analyst reports. Credit Suisse Group lifted their price target on shares of GXO Logistics from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday, August 4th. Barclays reduced their target price on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 12th. Cowen boosted their price target on GXO Logistics from $64.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. JPMorgan Chase & Co. reduced their price objective on shares of GXO Logistics from $83.00 to $68.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 12th. Finally, Oppenheimer dropped their target price on shares of GXO Logistics from $91.00 to $78.00 in a research report on Wednesday, August 10th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.65.

About GXO Logistics

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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.

Further Reading

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

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