GXO Logistics, Inc. $GXO Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers lifted its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 11.6% in the first quarter, according to the company in its most recent disclosure with the 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 reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in GXO Logistics in the fourth quarter valued at approximately $20,905,000. Sterling Capital Management LLC boosted its holdings in GXO Logistics by 55.5% in the fourth quarter. Sterling Capital Management LLC now owns 6,957 shares of the company’s stock valued at $303,000 after purchasing an additional 2,482 shares in the last quarter. Barclays PLC boosted its holdings in GXO Logistics by 70.1% in the fourth quarter. Barclays PLC now owns 106,404 shares of the company’s stock valued at $4,629,000 after purchasing an additional 43,859 shares in the last quarter. Mariner LLC boosted its holdings in GXO Logistics by 9.7% in the fourth quarter. Mariner LLC now owns 7,367 shares of the company’s stock valued at $320,000 after purchasing an additional 653 shares in the last quarter. Finally, Guggenheim Capital LLC purchased a new stake in GXO Logistics in the fourth quarter valued at approximately $211,000. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Price Performance

GXO Logistics stock opened at $52.55 on Monday. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $63.33. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.76 and a current ratio of 0.76. The business has a fifty day moving average of $49.21 and a two-hundred day moving average of $42.55. The company has a market cap of $6.02 billion, a P/E ratio of 99.15, a price-to-earnings-growth ratio of 1.91 and a beta of 1.64.

GXO Logistics (NYSE:GXO) last released its earnings results on Tuesday, August 5th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. GXO Logistics had a return on equity of 10.45% and a net margin of 0.50%. The company had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the company earned $0.55 earnings per share. GXO Logistics’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GXO shares. Oppenheimer increased their price objective on GXO Logistics from $55.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. JPMorgan Chase & Co. increased their price objective on GXO Logistics from $56.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. UBS Group increased their price objective on GXO Logistics from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Truist Financial raised GXO Logistics from a “hold” rating to a “buy” rating and increased their price objective for the company from $48.00 to $62.00 in a report on Friday, July 11th. Finally, Citigroup increased their price objective on GXO Logistics from $56.00 to $59.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, GXO Logistics currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.50.

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.