Stephens Inc. AR Purchases New Shares in GXO Logistics, Inc. $GXO

Stephens Inc. AR acquired a new position in shares of GXO Logistics, Inc. (NYSE:GXO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,778 shares of the company’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GXO. Larson Financial Group LLC increased its position in shares of GXO Logistics by 2,460.7% during the first quarter. Larson Financial Group LLC now owns 717 shares of the company’s stock valued at $28,000 after acquiring an additional 689 shares in the last quarter. GAMMA Investing LLC increased its holdings 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 purchasing an additional 302 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of GXO Logistics in the first quarter worth $34,000. Northwestern Mutual Wealth Management Co. increased its holdings in GXO Logistics by 72.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company’s stock worth $37,000 after buying an additional 396 shares in the last quarter. Finally, Covestor Ltd raised its position in GXO Logistics by 63.2% in the 1st quarter. Covestor Ltd now owns 1,645 shares of the company’s stock worth $64,000 after buying an additional 637 shares during the last quarter. Institutional investors own 90.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Morgan Stanley dropped their target price on GXO Logistics from $60.00 to $58.00 and set an “overweight” rating on the stock in a research report on Monday, October 6th. Oppenheimer raised their price objective on shares of GXO Logistics from $55.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Weiss Ratings restated a “sell (d+)” rating on shares of GXO Logistics in a research report on Wednesday, October 8th. The Goldman Sachs Group upgraded shares of GXO Logistics from a “neutral” rating to a “buy” rating and increased their price target for the stock from $52.00 to $68.00 in a research report on Wednesday, September 24th. Finally, Citigroup lifted their price target on shares of GXO Logistics from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Eleven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.57.

GXO Logistics Stock Performance

GXO opened at $54.71 on Tuesday. 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 stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 103.22, a PEG ratio of 2.23 and a beta of 1.64. The company has a fifty day moving average of $52.72 and a 200 day moving average of $47.26. GXO Logistics, Inc. has a fifty-two week low of $30.46 and a fifty-two week high of $62.07.

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

GXO Logistics Company 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.