GXO Logistics, Inc. (NYSE:GXO) Position Increased by Thrivent Financial for Lutherans

Posted by Defense World Staff on May 22nd, 2023

Thrivent Financial for Lutherans raised its stake in shares of GXO Logistics, Inc. (NYSE:GXO – Get Rating) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,601 shares of the company’s stock after buying an additional 207 shares during the period. Thrivent Financial for Lutherans’ holdings in GXO Logistics were worth $1,349,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GXO. Mar Vista Investment Partners LLC bought a new position in GXO Logistics during the first quarter valued at about $71,087,000. Vanguard Group Inc. raised its holdings in GXO Logistics by 8.8% during the third quarter. Vanguard Group Inc. now owns 10,796,129 shares of the company’s stock valued at $378,512,000 after buying an additional 870,382 shares in the last quarter. Reinhart Partners Inc. bought a new position in GXO Logistics during the fourth quarter valued at about $24,074,000. Jacobs Levy Equity Management Inc. raised its holdings in GXO Logistics by 6,630.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 415,021 shares of the company’s stock valued at $14,551,000 after buying an additional 408,855 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in GXO Logistics by 8.3% during the third quarter. Neuberger Berman Group LLC now owns 4,912,126 shares of the company’s stock valued at $172,219,000 after buying an additional 374,743 shares in the last quarter. 99.47% of the stock is currently owned by institutional investors.

GXO Logistics Stock Up 0.0 %

Shares of GXO opened at $58.59 on Monday. The stock has a market cap of $10.61 billion, a price-to-earnings ratio of 37.32, a P/E/G ratio of 1.95 and a beta of 1.69. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.62. GXO Logistics, Inc. has a 12 month low of $32.10 and a 12 month high of $59.44. The company has a 50-day moving average price of $50.92 and a two-hundred day moving average price of $48.39.

GXO Logistics (NYSE:GXO – Get Rating) last posted its earnings results on Tuesday, May 9th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. GXO Logistics had a net margin of 2.00% and a return on equity of 12.35%. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. GXO Logistics’s quarterly revenue was up 11.5% compared to the same quarter last year. Equities analysts predict that GXO Logistics, Inc. will post 2.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Barclays raised their price target on GXO Logistics from $52.00 to $55.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 15th. The Goldman Sachs Group lifted their target price on GXO Logistics from $52.00 to $55.00 in a research report on Wednesday, February 15th. BNP Paribas downgraded GXO Logistics from a “neutral” rating to an “underperform” rating and set a $40.00 target price on the stock. in a research report on Thursday, February 2nd. Wells Fargo & Company decreased their target price on GXO Logistics from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, February 16th. Finally, Stifel Nicolaus lifted their target price on GXO Logistics from $59.00 to $66.00 in a research report on Thursday, May 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.94.

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.