Janney Montgomery Scott LLC Has $674,000 Stock Position in GXO Logistics, Inc. (NYSE:GXO)

Janney Montgomery Scott LLC boosted its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 13.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,243 shares of the company’s stock after purchasing an additional 2,076 shares during the period. Janney Montgomery Scott LLC’s holdings in GXO Logistics were worth $674,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of GXO. Kovitz Investment Group Partners LLC raised its stake in shares of GXO Logistics by 28,112.6% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company’s stock worth $114,036,000 after purchasing an additional 2,612,223 shares in the last quarter. Norges Bank acquired a new stake in GXO Logistics in the fourth quarter valued at $55,266,000. Spruce House Investment Management LLC lifted its stake in GXO Logistics by 133.3% in the fourth quarter. Spruce House Investment Management LLC now owns 2,100,000 shares of the company’s stock valued at $91,350,000 after acquiring an additional 1,200,000 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in shares of GXO Logistics in the 4th quarter valued at about $46,523,000. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of GXO Logistics by 66.2% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,819,395 shares of the company’s stock worth $71,102,000 after purchasing an additional 724,535 shares during the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GXO has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on shares of GXO Logistics from $63.00 to $67.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Truist Financial raised their price objective on GXO Logistics from $40.00 to $48.00 and gave the company a “hold” rating in a research report on Monday. Wells Fargo & Company boosted their target price on GXO Logistics from $44.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, June 20th. Citigroup dropped their price target on GXO Logistics from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, Susquehanna reaffirmed a “positive” rating and set a $58.00 price target (up previously from $57.00) on shares of GXO Logistics in a report on Tuesday, June 24th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.79.

GXO Logistics Stock Performance

GXO stock opened at $49.46 on Wednesday. The firm has a market cap of $5.66 billion, a PE ratio of 79.77, a P/E/G ratio of 2.25 and a beta of 1.64. GXO Logistics, Inc. has a 12-month low of $30.46 and a 12-month high of $63.33. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.88. The business has a 50 day moving average of $41.61 and a 200-day moving average of $41.00.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.26 by $0.03. GXO Logistics had a net margin of 0.61% and a return on equity of 10.49%. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the firm earned $0.45 earnings per share. The company’s revenue was up 21.2% compared to the same quarter last year. As a group, sell-side analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

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.