Corient Private Wealth LLC Purchases New Stake in GXO Logistics, Inc. $GXO

Corient Private Wealth LLC acquired a new position in shares of GXO Logistics, Inc. (NYSE:GXO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,340 shares of the company’s stock, valued at approximately $650,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GXO. Chapman Financial Group LLC bought a new position in shares of GXO Logistics during the 2nd quarter valued at approximately $34,000. Hantz Financial Services Inc. grew its holdings in GXO Logistics by 1,964.4% during the second quarter. Hantz Financial Services Inc. now owns 929 shares of the company’s stock valued at $45,000 after purchasing an additional 884 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in GXO Logistics by 72.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company’s stock worth $37,000 after buying an additional 396 shares during the last quarter. GAMMA Investing LLC increased its position in GXO Logistics by 34.0% in the second quarter. GAMMA Investing LLC now owns 1,115 shares of the company’s stock worth $54,000 after buying an additional 283 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of GXO Logistics by 4,775.6% in the first quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock valued at $78,000 after buying an additional 1,958 shares during the period. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on GXO shares. Stifel Nicolaus cut their price target on GXO Logistics from $67.00 to $66.00 and set a “buy” rating for the company in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of GXO Logistics in a research report on Monday, December 22nd. JPMorgan Chase & Co. lifted their target price on shares of GXO Logistics from $66.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. UBS Group boosted 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, The Goldman Sachs Group raised shares of GXO Logistics from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $52.00 to $68.00 in a report on Wednesday, September 24th. Eleven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $62.62.

GXO Logistics Trading Down 0.9%

Shares of GXO Logistics stock opened at $53.79 on Friday. The company’s 50-day moving average price is $52.17 and its 200-day moving average price is $51.36. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. GXO Logistics, Inc. has a 12-month low of $30.46 and a 12-month high of $57.99. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 70.78, a PEG ratio of 2.21 and a beta of 1.65.

GXO Logistics (NYSE:GXO) last posted its 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 business had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the prior year, the company posted $0.79 EPS. The business’s revenue for the quarter 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. On average, equities analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Insider Activity

In other GXO Logistics news, Director Todd C. Cooper acquired 6,000 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The stock was bought at an average price of $50.59 per share, with a total value of $303,540.00. Following the completion of the purchase, the director owned 10,040 shares of the company’s stock, valued at approximately $507,923.60. This represents a 148.51% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.30% of the company’s stock.

GXO Logistics Profile

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.