Norden Group LLC Purchases New Shares in GXO Logistics, Inc. (NYSE:GXO)

Norden Group LLC acquired a new position in shares of GXO Logistics, Inc. (NYSE:GXOFree Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 12,974 shares of the company’s stock, valued at approximately $697,000.

A number of other large investors also recently bought and sold shares of GXO. Graham Capital Management L.P. increased its holdings in shares of GXO Logistics by 319.4% in the 3rd quarter. Graham Capital Management L.P. now owns 38,532 shares of the company’s stock valued at $2,260,000 after purchasing an additional 29,344 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of GXO Logistics by 94.0% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 40,516 shares of the company’s stock valued at $2,377,000 after purchasing an additional 19,629 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of GXO Logistics by 2.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 220,926 shares of the company’s stock valued at $13,512,000 after purchasing an additional 4,762 shares in the last quarter. Blue Zone Wealth Advisors LLC increased its holdings in shares of GXO Logistics by 0.6% in the 4th quarter. Blue Zone Wealth Advisors LLC now owns 46,669 shares of the company’s stock valued at $2,854,000 after purchasing an additional 301 shares in the last quarter. Finally, 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 in the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GXO. TD Cowen increased their price objective on shares of GXO Logistics from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. JPMorgan Chase & Co. increased their price objective on shares of GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday. Stifel Nicolaus reissued a “buy” rating and issued a $74.00 price objective on shares of GXO Logistics in a research note on Wednesday, May 15th. BNP Paribas raised shares of GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price objective on the stock in a research note on Wednesday, March 27th. Finally, Loop Capital lowered their price objective on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.69.

Get Our Latest Analysis on GXO

Insider Activity at GXO Logistics

In other news, CEO Malcolm Wilson acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were bought at an average price of $49.95 per share, for a total transaction of $499,500.00. Following the completion of the purchase, the chief executive officer now directly owns 100,814 shares of the company’s stock, valued at approximately $5,035,659.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.20% of the stock is currently owned by insiders.

GXO Logistics Trading Down 1.5 %

Shares of GXO stock opened at $48.19 on Wednesday. The firm has a market cap of $5.76 billion, a P/E ratio of 34.67, a PEG ratio of 1.45 and a beta of 1.60. GXO Logistics, Inc. has a 1-year low of $46.38 and a 1-year high of $67.57. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.94 and a quick ratio of 0.94. The firm’s 50-day simple moving average is $50.11 and its 200-day simple moving average is $52.50.

GXO Logistics (NYSE:GXOGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. GXO Logistics had a net margin of 1.68% and a return on equity of 10.60%. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the firm posted $0.49 earnings per share. GXO Logistics’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, equities analysts forecast that GXO Logistics, Inc. will post 2.77 EPS for the current year.

GXO Logistics 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.

Featured Articles

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

Receive News & Ratings for GXO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GXO Logistics and related companies with MarketBeat.com's FREE daily email newsletter.