Barclays PLC Buys 14,020 Shares of GXO Logistics, Inc. (NYSE:GXO)

Barclays PLC grew its stake in GXO Logistics, Inc. (NYSE:GXO) by 28.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,545 shares of the company’s stock after acquiring an additional 14,020 shares during the quarter. Barclays PLC owned 0.05% of GXO Logistics worth $3,256,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Raymond James Trust N.A. boosted its stake in GXO Logistics by 9.3% in the 2nd quarter. Raymond James Trust N.A. now owns 19,295 shares of the company’s stock worth $974,000 after purchasing an additional 1,637 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of GXO Logistics by 920.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,276 shares of the company’s stock worth $64,000 after buying an additional 1,151 shares in the last quarter. Fort Pitt Capital Group LLC grew its holdings in shares of GXO Logistics by 30.4% during the second quarter. Fort Pitt Capital Group LLC now owns 2,416,606 shares of the company’s stock valued at $122,039,000 after buying an additional 563,057 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in GXO Logistics by 8.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,027 shares of the company’s stock worth $2,375,000 after acquiring an additional 3,716 shares during the last quarter. Finally, Peregrine Capital Management LLC lifted its position in GXO Logistics by 1.1% in the 2nd quarter. Peregrine Capital Management LLC now owns 152,981 shares of the company’s stock valued at $7,726,000 after acquiring an additional 1,682 shares in the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

GXO Logistics Stock Down 0.1 %

NYSE GXO opened at $41.93 on Tuesday. GXO Logistics, Inc. has a 52 week low of $41.58 and a 52 week high of $63.33. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $5.01 billion, a P/E ratio of 46.59, a price-to-earnings-growth ratio of 1.49 and a beta of 1.52. The stock’s 50-day moving average price is $57.16 and its 200-day moving average price is $52.84.

GXO Logistics (NYSE:GXO) last released its earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The firm’s revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.69 EPS. On average, equities research analysts predict that GXO Logistics, Inc. will post 2.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on GXO shares. Susquehanna reduced their target price on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a report on Thursday, September 26th. Citigroup assumed coverage on GXO Logistics in a research report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 target price for the company. UBS Group lifted their price target on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Oppenheimer increased their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, TD Cowen lifted their target price on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.33.

About GXO Logistics

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.