15,026 Shares in GXO Logistics, Inc. $GXO Acquired by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI bought a new position in shares of GXO Logistics, Inc. (NYSE:GXO) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,026 shares of the company’s stock, valued at approximately $795,000.

A number of other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of GXO Logistics by 29.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,867 shares of the company’s stock worth $1,568,000 after buying an additional 9,134 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in GXO Logistics by 2.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 377,211 shares of the company’s stock worth $14,741,000 after acquiring an additional 8,670 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in GXO Logistics by 4,775.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock worth $78,000 after acquiring an additional 1,958 shares during the last quarter. Voya Investment Management LLC boosted its holdings in GXO Logistics by 30.0% during the first quarter. Voya Investment Management LLC now owns 27,994 shares of the company’s stock valued at $1,094,000 after acquiring an additional 6,461 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of GXO Logistics by 10.7% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,046 shares of the company’s stock valued at $100,000 after purchasing an additional 197 shares during the last quarter. Institutional investors own 90.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Stifel Nicolaus cut their price objective on GXO Logistics from $67.00 to $66.00 and set a “buy” rating for the company in a research report on Tuesday, December 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of GXO Logistics in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft raised GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Thursday, November 6th. Wells Fargo & Company boosted their target price on shares of GXO Logistics from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Finally, The Goldman Sachs Group upgraded shares of GXO Logistics from a “neutral” rating to a “buy” rating and upped their target price for the company from $52.00 to $68.00 in a research note on Wednesday, September 24th. Eleven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.38.

GXO Logistics Stock Down 1.1%

Shares of GXO opened at $56.85 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average price of $52.34 and a two-hundred day moving average price of $52.23. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 74.81, a P/E/G ratio of 1.88 and a beta of 1.64. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $58.00.

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

Insider Transactions at GXO Logistics

In other GXO Logistics news, Director Todd C. Cooper acquired 6,000 shares of GXO Logistics stock in a transaction on Friday, November 28th. The shares were 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 in the company, valued at $507,923.60. This trade represents a 148.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.