GXO Logistics, Inc. $GXO Shares Bought by LPL Financial LLC

LPL Financial LLC grew its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 23.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,279 shares of the company’s stock after acquiring an additional 13,825 shares during the quarter. LPL Financial LLC owned about 0.06% of GXO Logistics worth $2,629,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its position in GXO Logistics by 13.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,243 shares of the company’s stock worth $674,000 after purchasing an additional 2,076 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of GXO Logistics by 2.3% during 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 boosted its stake in shares of GXO Logistics by 20.0% during the 1st 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 last quarter. Principal Financial Group Inc. boosted its stake in shares of GXO Logistics by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 274,832 shares of the company’s stock valued at $10,740,000 after buying an additional 831 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of GXO Logistics by 57.0% in the 1st quarter. GAMMA Investing LLC now owns 832 shares of the company’s stock worth $33,000 after buying an additional 302 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Trading Down 2.0%

NYSE:GXO opened at $52.55 on Monday. GXO Logistics, Inc. has a twelve month low of $30.46 and a twelve month high of $63.33. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.87. The business has a 50 day moving average price of $49.21 and a two-hundred day moving average price 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 quarterly earnings results on Tuesday, August 5th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.09 billion. GXO Logistics had a return on equity of 10.45% and a net margin of 0.50%. The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 EPS. As a group, analysts expect that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GXO shares. Oppenheimer raised their target price on GXO Logistics from $55.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Stifel Nicolaus lifted their target price on GXO Logistics from $63.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. UBS Group lifted their price target on GXO Logistics from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Citigroup lifted their price target on GXO Logistics from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Finally, Truist Financial raised GXO Logistics from a “hold” rating to a “buy” rating and lifted their target price for the company from $48.00 to $62.00 in a research note on Friday, July 11th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, GXO Logistics currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.50.

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.