Principal Financial Group Inc. Acquires 52,979 Shares of GXO Logistics, Inc. $GXO

Principal Financial Group Inc. increased its stake in GXO Logistics, Inc. (NYSE:GXO) by 15.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 404,878 shares of the company’s stock after purchasing an additional 52,979 shares during the quarter. Principal Financial Group Inc. owned approximately 0.35% of GXO Logistics worth $21,414,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GXO. Independent Advisor Alliance increased its position in GXO Logistics by 7.3% in the third quarter. Independent Advisor Alliance now owns 23,700 shares of the company’s stock worth $1,253,000 after buying an additional 1,607 shares in the last quarter. AlphaQuest LLC increased its holdings in GXO Logistics by 213.9% in the 3rd quarter. AlphaQuest LLC now owns 13,881 shares of the company’s stock worth $734,000 after acquiring an additional 9,459 shares in the last quarter. LRI Investments LLC increased its holdings in GXO Logistics by 128.0% in the 3rd quarter. LRI Investments LLC now owns 1,156 shares of the company’s stock worth $61,000 after acquiring an additional 649 shares in the last quarter. New York State Common Retirement Fund raised its stake in GXO Logistics by 22.0% during the 3rd quarter. New York State Common Retirement Fund now owns 259,492 shares of the company’s stock worth $13,725,000 after acquiring an additional 46,853 shares during the period. Finally, one8zero8 LLC lifted its holdings in GXO Logistics by 4.0% during the third quarter. one8zero8 LLC now owns 57,375 shares of the company’s stock valued at $3,035,000 after purchasing an additional 2,225 shares in the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

GXO Logistics Stock Performance

NYSE:GXO opened at $58.92 on Friday. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 77.53, a PEG ratio of 1.93 and a beta of 1.65. GXO Logistics, Inc. has a 1 year low of $30.46 and a 1 year high of $59.28. The stock’s 50 day simple moving average is $54.92 and its two-hundred day simple moving average is $52.99. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.71 and a quick ratio of 0.71.

Insider Buying and Selling

In other GXO Logistics news, Director Todd C. Cooper acquired 6,000 shares of the company’s stock in a transaction on Friday, November 28th. The stock was acquired at an average cost of $50.59 per share, with a total value of $303,540.00. Following the purchase, the director directly owned 10,040 shares of the company’s stock, valued at approximately $507,923.60. This represents a 148.51% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GXO. Stifel Nicolaus decreased their price objective on shares of GXO Logistics from $67.00 to $66.00 and set a “buy” rating on the stock in a research report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft raised GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a report on Thursday, November 6th. Weiss Ratings raised GXO Logistics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 21st. Citigroup lifted their target price on GXO Logistics from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Finally, JPMorgan Chase & Co. boosted their price target on GXO Logistics from $66.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.67.

GXO Logistics Company 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.