International Assets Investment Management LLC Makes New $554,000 Investment in GXO Logistics, Inc. (NYSE:GXO)

International Assets Investment Management LLC acquired a new position in shares of GXO Logistics, Inc. (NYSE:GXO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,052 shares of the company’s stock, valued at approximately $554,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GXO. Payden & Rygel Investment Group bought a new position in GXO Logistics during the third quarter valued at about $18,272,000. Amalgamated Bank grew its position in GXO Logistics by 13.9% during the third quarter. Amalgamated Bank now owns 87,426 shares of the company’s stock valued at $5,128,000 after buying an additional 10,660 shares during the period. Retirement Planning Co of New England Inc. grew its position in GXO Logistics by 79.0% during the third quarter. Retirement Planning Co of New England Inc. now owns 22,978 shares of the company’s stock valued at $1,348,000 after buying an additional 10,141 shares during the period. WASHINGTON TRUST Co grew its position in GXO Logistics by 17.0% during the fourth quarter. WASHINGTON TRUST Co now owns 184,697 shares of the company’s stock valued at $11,296,000 after buying an additional 26,831 shares during the period. Finally, UBS Group AG grew its position in GXO Logistics by 30.4% during the third quarter. UBS Group AG now owns 118,469 shares of the company’s stock valued at $6,948,000 after buying an additional 27,616 shares during the period. 90.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. BNP Paribas upgraded shares of GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price target for the company in a research report on Wednesday, March 27th. Citigroup cut their target price on shares of GXO Logistics from $66.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. TD Cowen increased their target price on shares of GXO Logistics from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. cut their target price on shares of GXO Logistics from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Finally, Susquehanna increased their target price on shares of GXO Logistics from $73.00 to $75.00 and gave the stock a “positive” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $69.54.

GXO Logistics Trading Down 2.1 %

Shares of GXO Logistics stock opened at $49.10 on Thursday. GXO Logistics, Inc. has a 12-month low of $48.11 and a 12-month high of $67.57. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 2.09 and a beta of 1.64. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.55. The company’s 50-day moving average price is $51.18 and its 200-day moving average price is $54.60.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the firm posted $0.83 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities analysts expect that GXO Logistics, Inc. will post 2.78 earnings per share for the current fiscal year.

Insider Transactions at GXO Logistics

In other news, Director Gena L. Ashe sold 4,737 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $50.00, for a total value of $236,850.00. Following the sale, the director now directly owns 20,851 shares of the company’s stock, valued at $1,042,550. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.00% of the company’s stock.

GXO Logistics Company 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.