KBC Group NV Has $169,000 Stock Position in GXO Logistics, Inc. $GXO

KBC Group NV reduced its stake in GXO Logistics, Inc. (NYSE:GXO) by 40.4% during the 2nd quarter, Holdings Channel reports. The fund owned 3,470 shares of the company’s stock after selling 2,351 shares during the period. KBC Group NV’s holdings in GXO Logistics were worth $169,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of GXO Logistics by 10.7% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,046 shares of the company’s stock worth $100,000 after purchasing an additional 197 shares during the period. GAMMA Investing LLC grew its holdings in GXO Logistics by 34.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,115 shares of the company’s stock valued at $54,000 after buying an additional 283 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in GXO Logistics by 72.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company’s stock worth $37,000 after buying an additional 396 shares during the period. Townsquare Capital LLC lifted its holdings in shares of GXO Logistics by 4.5% during the first quarter. Townsquare Capital LLC now owns 9,823 shares of the company’s stock worth $384,000 after buying an additional 426 shares in the last quarter. Finally, Pinnacle Associates Ltd. boosted its position in shares of GXO Logistics by 2.4% in the first quarter. Pinnacle Associates Ltd. now owns 18,430 shares of the company’s stock valued at $720,000 after acquiring an additional 430 shares during the period. Institutional investors own 90.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Oppenheimer raised their price target on shares of GXO Logistics from $55.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. UBS Group raised their target price on shares of GXO Logistics from $58.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Deutsche Bank Aktiengesellschaft upgraded GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research note on Thursday, November 6th. Truist Financial set a $65.00 price objective on GXO Logistics in a research note on Tuesday, October 14th. Finally, Morgan Stanley dropped their price objective on GXO Logistics from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.77.

GXO Logistics Stock Performance

NYSE GXO opened at $46.84 on Thursday. The firm’s 50 day simple moving average is $52.54 and its 200 day simple moving average is $49.27. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 61.64, a P/E/G 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, Inc. has a 1 year low of $30.46 and a 1 year high of $61.90.

GXO Logistics (NYSE:GXO) last released its earnings results on Tuesday, November 4th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.01. The firm had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.39 billion. GXO Logistics had a return on equity of 10.45% and a net margin of 0.69%.The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior 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 fiscal 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.