New York State Common Retirement Fund Increases Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

New York State Common Retirement Fund boosted its stake in GXO Logistics, Inc. (NYSE:GXO) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 253,015 shares of the company’s stock after acquiring an additional 2,969 shares during the quarter. New York State Common Retirement Fund’s holdings in GXO Logistics were worth $15,474,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Gilman Hill Asset Management LLC increased its holdings in GXO Logistics by 0.3% during the 4th quarter. Gilman Hill Asset Management LLC now owns 56,156 shares of the company’s stock worth $3,435,000 after purchasing an additional 170 shares during the last quarter. Ipswich Investment Management Co. Inc. raised its holdings in GXO Logistics by 1.6% in the third quarter. Ipswich Investment Management Co. Inc. now owns 12,430 shares of the company’s stock valued at $729,000 after acquiring an additional 190 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in GXO Logistics by 5.3% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 4,004 shares of the company’s stock valued at $235,000 after acquiring an additional 200 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of GXO Logistics by 1.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 14,856 shares of the company’s stock worth $871,000 after purchasing an additional 212 shares during the last quarter. Finally, Mathes Company Inc. raised its stake in shares of GXO Logistics by 1.0% in the 4th quarter. Mathes Company Inc. now owns 23,225 shares of the company’s stock valued at $1,420,000 after purchasing an additional 225 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GXO. BNP Paribas upgraded GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price target for the company in a research note on Wednesday, March 27th. JPMorgan Chase & Co. lowered their price target on GXO Logistics from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Citigroup reduced their price objective on GXO Logistics from $66.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. Loop Capital lowered their target price on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Finally, Stifel Nicolaus raised their price target on shares of GXO Logistics from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a hold rating and eleven have assigned 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 target price of $69.69.

Insider Buying and Selling at GXO Logistics

In other GXO Logistics news, Director Gena L. Ashe sold 4,737 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $50.00, for a total transaction of $236,850.00. Following the completion of the transaction, the director now owns 20,851 shares in the company, valued at approximately $1,042,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is owned by company insiders.

GXO Logistics Stock Up 0.9 %

GXO stock opened at $50.96 on Tuesday. The stock has a market cap of $6.09 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 2.12 and a beta of 1.64. The firm’s 50-day simple moving average is $50.89 and its 200 day simple moving average is $54.48. GXO Logistics, Inc. has a fifty-two week low of $48.11 and a fifty-two week high of $67.57. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.55.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.55 billion. GXO Logistics had a return on equity of 10.94% and a net margin of 2.34%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 earnings per share. As a group, sell-side analysts predict that GXO Logistics, Inc. will post 2.78 EPS for the current year.

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.