GXO Logistics, Inc. $GXO Shares Purchased by Ethic Inc.

Ethic Inc. boosted its holdings in GXO Logistics, Inc. (NYSE:GXO) by 147.5% in the second quarter, HoldingsChannel.com reports. The firm owned 15,258 shares of the company’s stock after buying an additional 9,094 shares during the quarter. Ethic Inc.’s holdings in GXO Logistics were worth $748,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in 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 in the last quarter. GAMMA Investing LLC lifted its stake in GXO Logistics by 34.0% in the second quarter. GAMMA Investing LLC now owns 1,115 shares of the company’s stock valued at $54,000 after buying an additional 283 shares during the last quarter. State of Michigan Retirement System lifted its stake in GXO Logistics by 1.1% in the first quarter. State of Michigan Retirement System now owns 28,627 shares of the company’s stock valued at $1,119,000 after buying an additional 300 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in GXO Logistics by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 33,500 shares of the company’s stock valued at $1,309,000 after buying an additional 300 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in GXO Logistics by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 14,004 shares of the company’s stock valued at $547,000 after buying an additional 380 shares during the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GXO. UBS Group boosted their price objective on GXO Logistics from $58.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. boosted their price objective on GXO Logistics from $65.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Susquehanna boosted their price objective on GXO Logistics from $58.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, August 7th. Morgan Stanley cut their price target on GXO Logistics from $60.00 to $58.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Finally, Barclays upped their price target on GXO Logistics from $45.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. Eleven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, GXO Logistics currently has an average rating of “Moderate Buy” and an average target price of $61.57.

GXO Logistics Trading Up 0.1%

NYSE:GXO opened at $54.71 on Tuesday. The stock has a fifty day moving average price of $52.72 and a two-hundred day moving average price of $47.26. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 103.22, a PEG ratio of 2.23 and a beta of 1.64. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.76 and a current ratio of 0.76. GXO Logistics, Inc. has a 1 year low of $30.46 and a 1 year high of $62.07.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.01. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.09 billion. GXO Logistics had a return on equity of 10.45% and a net margin of 0.50%.GXO Logistics’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 earnings per share. As a group, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

GXO Logistics Company Profile

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.