Envestnet Asset Management Inc. Has $3.11 Million Stock Holdings in GXO Logistics, Inc. $GXO

Envestnet Asset Management Inc. boosted its stake in GXO Logistics, Inc. (NYSE:GXO) by 6.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,797 shares of the company’s stock after purchasing an additional 3,914 shares during the period. Envestnet Asset Management Inc. owned about 0.06% of GXO Logistics worth $3,107,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Larson Financial Group LLC grew its stake 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 worth $28,000 after buying an additional 689 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of GXO Logistics by 72.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company’s stock valued at $37,000 after acquiring an additional 396 shares in the last quarter. GAMMA Investing LLC grew its position in GXO Logistics by 34.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,115 shares of the company’s stock worth $54,000 after acquiring an additional 283 shares during the last quarter. Covestor Ltd grew its position in GXO Logistics by 63.2% during the 1st quarter. Covestor Ltd now owns 1,645 shares of the company’s stock worth $64,000 after acquiring an additional 637 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in GXO Logistics by 4,775.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock worth $78,000 after purchasing an additional 1,958 shares in the last quarter. 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 research reports. Susquehanna reissued a “positive” rating and set a $64.00 price target on shares of GXO Logistics in a research note on Thursday, November 6th. Oppenheimer raised their price objective on shares of 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. boosted their target price on shares of GXO Logistics from $66.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. UBS Group upped their price target on shares of GXO Logistics from $58.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft raised shares of GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research note on Thursday, November 6th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, GXO Logistics has a consensus rating of “Moderate Buy” and an average target price of $61.77.

GXO Logistics Stock Performance

Shares of GXO stock opened at $49.50 on Friday. The stock has a market capitalization of $5.67 billion, a PE ratio of 65.13, a PEG ratio of 2.03 and a beta of 1.64. The business’s 50 day simple moving average is $52.75 and its 200 day simple moving average is $49.03. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.71 and a quick ratio of 0.71. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $61.90.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.01. GXO Logistics had a net margin of 0.69% and a return on equity of 10.45%. The firm had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the business earned $0.79 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. GXO Logistics has set its FY 2025 guidance at 2.430-2.630 EPS. As a group, research analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current 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.