Police & Firemen s Retirement System of New Jersey Has $2.11 Million Position in GXO Logistics, Inc. $GXO

Police & Firemen s Retirement System of New Jersey boosted its position in GXO Logistics, Inc. (NYSE:GXO) by 3.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,321 shares of the company’s stock after buying an additional 1,484 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in GXO Logistics were worth $2,110,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of GXO. Orbis Allan Gray Ltd raised its holdings in shares of GXO Logistics by 6.5% in the first quarter. Orbis Allan Gray Ltd now owns 13,473,172 shares of the company’s stock valued at $526,532,000 after purchasing an additional 818,353 shares during the last quarter. Vanguard Group Inc. grew its position in GXO Logistics by 0.3% in the first quarter. Vanguard Group Inc. now owns 11,370,657 shares of the company’s stock valued at $444,365,000 after purchasing an additional 37,852 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in GXO Logistics by 29.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,608,468 shares of the company’s stock valued at $141,021,000 after buying an additional 810,298 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its position in GXO Logistics by 27.0% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 3,330,176 shares of the company’s stock worth $130,143,000 after buying an additional 708,661 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of GXO Logistics by 1,521.9% during the 1st quarter. Alliancebernstein L.P. now owns 2,511,289 shares of the company’s stock worth $98,141,000 after buying an additional 2,356,452 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

Wall Street Analyst Weigh In

GXO has been the topic of several analyst reports. Morgan Stanley dropped their target price on GXO Logistics from $60.00 to $58.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of GXO Logistics in a research note on Monday. Susquehanna reissued a “positive” rating and issued a $64.00 target price on shares of GXO Logistics in a research note on Thursday, November 6th. Truist Financial set a $65.00 price target on shares of GXO Logistics in a research report on Tuesday, October 14th. Finally, Oppenheimer increased their price target on shares of GXO Logistics from $55.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, GXO Logistics presently has an average rating of “Moderate Buy” and a consensus target price of $61.77.

GXO Logistics Stock Down 2.2%

GXO opened at $46.84 on Thursday. The stock’s fifty day simple moving average is $52.54 and its 200 day simple moving average is $49.27. GXO Logistics, Inc. has a 1-year low of $30.46 and a 1-year high of $61.90. The stock has a market cap of $5.36 billion, a PE ratio of 61.64, a price-to-earnings-growth ratio of 1.97 and a beta of 1.64. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. The firm had revenue of $3.40 billion for 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 company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.79 earnings per share. GXO Logistics has set its FY 2025 guidance at 2.430-2.630 EPS. As a group, research analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

About GXO Logistics

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.