Diversify Advisory Services LLC Makes New $332,000 Investment in GXO Logistics, Inc. (NYSE:GXO)

Diversify Advisory Services LLC acquired a new position in shares of GXO Logistics, Inc. (NYSE:GXOFree Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,303 shares of the company’s stock, valued at approximately $332,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gilman Hill Asset Management LLC increased its holdings in shares of GXO Logistics by 0.3% in the 4th quarter. Gilman Hill Asset Management LLC now owns 56,156 shares of the company’s stock valued at $3,435,000 after purchasing an additional 170 shares during the period. Mathes Company Inc. increased its holdings 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 during the period. Blue Zone Wealth Advisors LLC increased its holdings in shares of GXO Logistics by 0.5% in the 1st quarter. Blue Zone Wealth Advisors LLC now owns 46,898 shares of the company’s stock valued at $2,521,000 after purchasing an additional 229 shares during the period. Ipswich Investment Management Co. Inc. increased its holdings in shares of GXO Logistics by 2.0% in the 4th quarter. Ipswich Investment Management Co. Inc. now owns 12,680 shares of the company’s stock valued at $776,000 after purchasing an additional 250 shares during the period. Finally, Coldstream Capital Management Inc. increased its holdings in shares of GXO Logistics by 6.1% in the 4th quarter. Coldstream Capital Management Inc. now owns 4,477 shares of the company’s stock valued at $274,000 after purchasing an additional 258 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.

Insider Activity

In other GXO Logistics news, CEO Malcolm Wilson acquired 10,000 shares of GXO Logistics stock in a transaction dated Tuesday, June 11th. The stock was bought at an average cost of $49.95 per share, with a total value of $499,500.00. Following the completion of the transaction, the chief executive officer now owns 100,814 shares of the company’s stock, valued at $5,035,659.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by company insiders.

GXO Logistics Stock Down 2.5 %

Shares of GXO Logistics stock opened at $48.16 on Friday. The stock has a market capitalization of $5.75 billion, a P/E ratio of 34.65, a PEG ratio of 1.45 and a beta of 1.60. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average price of $50.18 and a two-hundred day moving average price of $52.74. GXO Logistics, Inc. has a 12-month low of $46.38 and a 12-month high of $67.57.

GXO Logistics (NYSE:GXOGet Free Report) last announced its earnings results on Tuesday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. GXO Logistics had a return on equity of 10.60% and a net margin of 1.68%. The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. Equities analysts expect that GXO Logistics, Inc. will post 2.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on GXO shares. JPMorgan Chase & Co. dropped their target price on GXO Logistics from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. BNP Paribas raised 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. Loop Capital lowered their price target on GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Stifel Nicolaus reissued a “buy” rating and issued a $74.00 price target on shares of GXO Logistics in a research note on Wednesday, May 15th. Finally, Wells Fargo & Company assumed coverage on GXO Logistics in a research note on Friday, June 7th. They issued an “overweight” rating and a $58.00 price target for the company. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.85.

View Our Latest Analysis on GXO Logistics

GXO Logistics Company Profile

(Free Report)

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.

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

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