GXO Logistics (NYSE:GXO) Hits New 52-Week High – Time to Buy?

GXO Logistics, Inc. (NYSE:GXO)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $58.00 and last traded at $57.99, with a volume of 137375 shares traded. The stock had previously closed at $56.82.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GXO shares. Wells Fargo & Company upped their target price on GXO Logistics from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Deutsche Bank Aktiengesellschaft raised shares of GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Thursday, November 6th. The Goldman Sachs Group raised shares of GXO Logistics from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $52.00 to $68.00 in a research report on Wednesday, September 24th. Stifel Nicolaus dropped their price target on shares of GXO Logistics from $67.00 to $66.00 and set a “buy” rating on the stock in a research note on Tuesday, December 16th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of GXO Logistics from $66.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Eleven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.38.

GXO Logistics Stock Performance

The stock’s 50-day moving average price is $52.84 and its 200 day moving average price is $52.45. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.73. The company has a market cap of $6.58 billion, a P/E ratio of 75.60, a price-to-earnings-growth ratio of 1.81 and a beta of 1.64.

GXO Logistics (NYSE:GXO) last announced its earnings results on Tuesday, November 4th. The company reported $0.79 EPS for the quarter, topping 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 business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 EPS. 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 EPS for the current fiscal year.

Insiders Place Their Bets

In other GXO Logistics news, Director Todd C. Cooper bought 6,000 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The stock was purchased at an average price of $50.59 per share, for a total transaction of $303,540.00. Following the purchase, the director directly owned 10,040 shares in the company, valued at $507,923.60. This trade represents a 148.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of GXO Logistics by 29.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,867 shares of the company’s stock valued at $1,568,000 after acquiring an additional 9,134 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in GXO Logistics by 2.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 377,211 shares of the company’s stock worth $14,741,000 after purchasing an additional 8,670 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of GXO Logistics by 4,775.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock worth $78,000 after purchasing an additional 1,958 shares during the period. Voya Investment Management LLC increased its holdings in shares of GXO Logistics by 30.0% during the 1st quarter. Voya Investment Management LLC now owns 27,994 shares of the company’s stock worth $1,094,000 after purchasing an additional 6,461 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of GXO Logistics by 34.0% during 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. 90.67% of the stock is currently owned by institutional investors and hedge funds.

About GXO Logistics

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.