Brown Advisory Inc. Buys 531 Shares of GXO Logistics, Inc. (NYSE:GXO)

Brown Advisory Inc. grew its position in GXO Logistics, Inc. (NYSE:GXO) by 7.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 7,899 shares of the company’s stock after acquiring an additional 531 shares during the period. Brown Advisory Inc.’s holdings in GXO Logistics were worth $309,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of GXO. Janney Montgomery Scott LLC increased its holdings in GXO Logistics by 13.7% in the first quarter. Janney Montgomery Scott LLC now owns 17,243 shares of the company’s stock valued at $674,000 after purchasing an additional 2,076 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of GXO Logistics by 2.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 38,679 shares of the company’s stock valued at $1,512,000 after buying an additional 886 shares during the last quarter. KBC Group NV increased its stake in shares of GXO Logistics by 20.0% in the first quarter. KBC Group NV now owns 5,821 shares of the company’s stock valued at $227,000 after buying an additional 969 shares during the period. GAMMA Investing LLC increased its stake in shares of GXO Logistics by 57.0% in the first quarter. GAMMA Investing LLC now owns 832 shares of the company’s stock valued at $33,000 after buying an additional 302 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of GXO Logistics by 0.3% during the first quarter. Principal Financial Group Inc. now owns 274,832 shares of the company’s stock worth $10,740,000 after acquiring an additional 831 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analyst Ratings Changes

GXO has been the topic of a number of analyst reports. Susquehanna reaffirmed a “positive” rating and issued a $58.00 price objective (up from $57.00) on shares of GXO Logistics in a research note on Tuesday, June 24th. Truist Financial raised shares of GXO Logistics from a “hold” rating to a “buy” rating and upped their price target for the company from $48.00 to $62.00 in a research report on Friday, July 11th. Barclays lifted their price objective on GXO Logistics from $45.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. Stifel Nicolaus upped their target price on GXO Logistics from $63.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Finally, Wells Fargo & Company raised their target price on GXO Logistics from $48.00 to $57.00 and gave the stock an “overweight” rating in a research note on Monday, July 7th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, GXO Logistics presently has an average rating of “Moderate Buy” and a consensus price target of $57.43.

GXO Logistics Trading Down 1.2%

Shares of GXO Logistics stock opened at $51.50 on Wednesday. The stock has a market capitalization of $5.89 billion, a PE ratio of 83.06, a price-to-earnings-growth ratio of 1.90 and a beta of 1.64. GXO Logistics, Inc. has a 52 week low of $30.46 and a 52 week high of $63.33. The stock has a 50 day moving average price of $44.53 and a two-hundred day moving average price of $41.52. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.78 and a current ratio of 0.78.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share (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 during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the firm posted $0.45 EPS. GXO Logistics’s revenue was up 21.2% compared to the same quarter last year. As a group, equities analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal 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.