Cetera Investment Advisers Increases Holdings in GXO Logistics, Inc. $GXO

Cetera Investment Advisers boosted its position in GXO Logistics, Inc. (NYSE:GXO) by 11.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,547 shares of the company’s stock after buying an additional 1,199 shares during the quarter. Cetera Investment Advisers’ holdings in GXO Logistics were worth $451,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GXO. Raymond James Financial Inc. acquired a new position in GXO Logistics in the 4th quarter worth $20,905,000. Sterling Capital Management LLC lifted its holdings in GXO Logistics by 55.5% in the 4th quarter. Sterling Capital Management LLC now owns 6,957 shares of the company’s stock worth $303,000 after buying an additional 2,482 shares in the last quarter. Barclays PLC lifted its holdings in GXO Logistics by 70.1% in the 4th quarter. Barclays PLC now owns 106,404 shares of the company’s stock worth $4,629,000 after buying an additional 43,859 shares in the last quarter. Mariner LLC lifted its holdings in GXO Logistics by 9.7% in the 4th quarter. Mariner LLC now owns 7,367 shares of the company’s stock worth $320,000 after buying an additional 653 shares in the last quarter. Finally, Guggenheim Capital LLC acquired a new position in GXO Logistics in the 4th quarter worth $211,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

Wall Street Analyst Weigh In

GXO has been the topic of a number of recent analyst reports. Citigroup boosted their price objective on shares of GXO Logistics from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Wells Fargo & Company upped their target price on shares of GXO Logistics from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. upped their target price on shares of GXO Logistics from $56.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Oppenheimer upped their target price on shares of GXO Logistics from $55.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Finally, Barclays upped their target price on shares of GXO Logistics from $45.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, July 10th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $59.50.

GXO Logistics Price Performance

GXO opened at $52.55 on Monday. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 99.15, a price-to-earnings-growth ratio of 1.91 and a beta of 1.64. GXO Logistics, Inc. has a fifty-two week low of $30.46 and a fifty-two week high of $63.33. The company’s 50-day moving average price is $49.21 and its 200 day moving average price is $42.55. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.87.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01. GXO Logistics had a net margin of 0.50% and a return on equity of 10.45%. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the business earned $0.55 earnings per share. GXO Logistics’s revenue was up 15.9% 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.

GXO Logistics Profile

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.