Citigroup Inc. Has $4.20 Million Stake in GXO Logistics, Inc. $GXO

Citigroup Inc. raised its position in GXO Logistics, Inc. (NYSE:GXO) by 69.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,376 shares of the company’s stock after acquiring an additional 32,443 shares during the quarter. Citigroup Inc. owned approximately 0.07% of GXO Logistics worth $4,198,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Chapman Financial Group LLC bought a new stake in shares of GXO Logistics in the 2nd quarter valued at about $34,000. Farther Finance Advisors LLC raised its stake in GXO Logistics by 177.9% in the third quarter. Farther Finance Advisors LLC now owns 767 shares of the company’s stock valued at $41,000 after buying an additional 491 shares during the period. Hantz Financial Services Inc. lifted its position in shares of GXO Logistics by 1,964.4% in the second quarter. Hantz Financial Services Inc. now owns 929 shares of the company’s stock valued at $45,000 after buying an additional 884 shares during the last quarter. Quent Capital LLC acquired a new position in shares of GXO Logistics during the 3rd quarter worth approximately $50,000. Finally, LRI Investments LLC raised its stake in GXO Logistics by 128.0% in the 3rd quarter. LRI Investments LLC now owns 1,156 shares of the company’s stock valued at $61,000 after acquiring an additional 649 shares during the period. Institutional investors own 90.67% of the company’s stock.

Analyst Upgrades and Downgrades

GXO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of GXO Logistics from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Stifel Nicolaus set a $70.00 target price on shares of GXO Logistics in a report on Thursday, February 12th. Citigroup increased their price target on shares of GXO Logistics from $66.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Weiss Ratings cut GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Finally, Truist Financial increased their target price on GXO Logistics from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Ten analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.17.

GXO Logistics Trading Down 1.9%

GXO opened at $59.79 on Thursday. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 199.30, a P/E/G ratio of 2.06 and a beta of 1.62. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.87. GXO Logistics, Inc. has a twelve month low of $30.46 and a twelve month high of $66.85. The company has a 50-day simple moving average of $58.66 and a 200 day simple moving average of $54.52.

GXO Logistics (NYSE:GXO) last issued its earnings results on Tuesday, February 10th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. GXO Logistics had a net margin of 0.24% and a return on equity of 9.83%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 earnings per share. Analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

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.