GXO Logistics, Inc. (NYSE:GXO) Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC raised its holdings in GXO Logistics, Inc. (NYSE:GXO) by 14.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,600 shares of the company’s stock after purchasing an additional 596 shares during the period. Kestra Private Wealth Services LLC’s holdings in GXO Logistics were worth $281,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Handelsbanken Fonder AB increased its stake in shares of GXO Logistics by 3,033.0% in the fourth quarter. Handelsbanken Fonder AB now owns 570,200 shares of the company’s stock worth $34,873,000 after buying an additional 552,000 shares during the last quarter. Payden & Rygel Investment Group acquired a new position in GXO Logistics during the 3rd quarter worth $18,272,000. Victory Capital Management Inc. increased its position in shares of GXO Logistics by 136.5% in the 3rd quarter. Victory Capital Management Inc. now owns 469,391 shares of the company’s stock worth $27,530,000 after purchasing an additional 270,952 shares during the last quarter. Invesco Ltd. raised its stake in shares of GXO Logistics by 22.6% in the 3rd quarter. Invesco Ltd. now owns 1,466,267 shares of the company’s stock valued at $85,997,000 after purchasing an additional 270,524 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in shares of GXO Logistics by 31.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 526,000 shares of the company’s stock valued at $30,850,000 after purchasing an additional 126,000 shares in the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GXO shares. TD Cowen lifted their price target on GXO Logistics from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. BNP Paribas upgraded GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 target price for the company in a research report on Wednesday, March 27th. JPMorgan Chase & Co. dropped their price target on GXO Logistics from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. Citigroup reduced their price objective on GXO Logistics from $66.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. Finally, Loop Capital lowered their target price on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.69.

Insider Activity

In related news, Director Gena L. Ashe sold 4,737 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $50.00, for a total value of $236,850.00. Following the completion of the transaction, the director now directly owns 20,851 shares of the company’s stock, valued at approximately $1,042,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.

GXO Logistics Stock Performance

Shares of GXO opened at $50.95 on Thursday. The firm has a fifty day moving average of $50.55 and a 200-day moving average of $54.36. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 2.11 and a beta of 1.63. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.98 and a current ratio of 0.98. GXO Logistics, Inc. has a 1 year low of $48.11 and a 1 year high of $67.57.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same period last year, the firm posted $0.49 EPS. GXO Logistics’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, equities analysts anticipate that GXO Logistics, Inc. will post 2.78 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.