Twin Capital Management Inc. Buys 1,355 Shares of GXO Logistics, Inc. $GXO

Twin Capital Management Inc. raised its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 3.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,944 shares of the company’s stock after acquiring an additional 1,355 shares during the quarter. Twin Capital Management Inc.’s holdings in GXO Logistics were worth $1,799,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GXO. Sigma Planning Corp grew its stake in GXO Logistics by 11.0% in the second quarter. Sigma Planning Corp now owns 14,107 shares of the company’s stock worth $687,000 after purchasing an additional 1,394 shares during the period. Versor Investments LP bought a new stake in shares of GXO Logistics during the 2nd quarter valued at $409,000. Hantz Financial Services Inc. boosted its holdings in shares of GXO Logistics by 1,964.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 929 shares of the company’s stock valued at $45,000 after buying an additional 884 shares in the last quarter. Arkadios Wealth Advisors grew its position in shares of GXO Logistics by 15.6% in the 2nd quarter. Arkadios Wealth Advisors now owns 14,631 shares of the company’s stock worth $713,000 after buying an additional 1,973 shares during the period. Finally, Whalen Wealth Management Inc. bought a new position in shares of GXO Logistics in the 2nd quarter worth about $304,000. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GXO. Deutsche Bank Aktiengesellschaft raised shares of GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Thursday. Truist Financial set a $65.00 target price on shares of GXO Logistics in a report on Tuesday, October 14th. The Goldman Sachs Group upgraded GXO Logistics from a “neutral” rating to a “buy” rating and upped their price target for the stock from $52.00 to $68.00 in a research note on Wednesday, September 24th. Oppenheimer boosted their target price on GXO Logistics from $55.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Finally, Barclays raised their price target on GXO Logistics from $45.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Eleven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.77.

GXO Logistics Stock Performance

Shares of GXO stock opened at $50.82 on Friday. The firm has a market capitalization of $5.82 billion, a PE ratio of 66.87, a P/E/G ratio of 2.13 and a beta of 1.64. The company has a 50 day moving average price of $52.87 and a 200-day moving average price of $48.28. GXO Logistics, Inc. has a 52 week low of $30.46 and a 52 week high of $62.07. The company has a quick ratio of 0.76, a current ratio of 0.71 and a debt-to-equity ratio of 0.73.

GXO Logistics (NYSE:GXO) last posted its earnings results on Tuesday, November 4th. The company reported $0.79 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 the consensus estimate of $3.39 billion. GXO Logistics had a net margin of 0.69% and a return on equity of 10.45%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 EPS. GXO Logistics has set its FY 2025 guidance at 2.430-2.630 EPS. As a group, equities research analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

GXO Logistics 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.