Citigroup Inc. Has $4.20 Million Stake in GXO Logistics, Inc. $GXO

Citigroup Inc. raised its stake in GXO Logistics, Inc. (NYSE:GXO) by 69.1% in the third quarter, Holdings Channel reports. The fund owned 79,376 shares of the company’s stock after purchasing an additional 32,443 shares during the quarter. Citigroup Inc.’s holdings in GXO Logistics were worth $4,198,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its position in GXO Logistics by 15.1% in the third quarter. Principal Financial Group Inc. now owns 404,878 shares of the company’s stock valued at $21,414,000 after buying an additional 52,979 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of GXO Logistics by 22.0% in the 3rd quarter. New York State Common Retirement Fund now owns 259,492 shares of the company’s stock valued at $13,725,000 after acquiring an additional 46,853 shares during the last quarter. Citizens Financial Group Inc. RI acquired a new stake in shares of GXO Logistics during the 3rd quarter valued at $795,000. Envestnet Asset Management Inc. grew its position in GXO Logistics by 6.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 63,797 shares of the company’s stock worth $3,107,000 after acquiring an additional 3,914 shares during the last quarter. Finally, Summitry LLC grew its position in GXO Logistics by 2.7% during the 2nd quarter. Summitry LLC now owns 891,354 shares of the company’s stock worth $43,409,000 after acquiring an additional 23,732 shares during the last quarter. 90.67% of the stock is owned by institutional investors.

GXO Logistics Price Performance

GXO Logistics stock opened at $59.79 on Thursday. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 199.30, a PEG ratio of 2.06 and a beta of 1.62. GXO Logistics, Inc. has a 52-week low of $30.46 and a 52-week high of $66.85. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.85 and a current ratio of 0.85. The stock’s 50 day moving average price is $58.66 and its two-hundred day moving average price is $54.52.

GXO Logistics (NYSE:GXO) last issued its earnings results on Tuesday, February 10th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. GXO Logistics had a return on equity of 9.83% and a net margin of 0.24%.During the same period in the prior year, the firm posted $1.00 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the company. JPMorgan Chase & Co. increased their target price on GXO Logistics from $66.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. UBS Group raised their price objective on shares of GXO Logistics from $63.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Morgan Stanley reiterated an “overweight” rating and set a $75.00 target price on shares of GXO Logistics in a research report on Tuesday, February 17th. Oppenheimer restated an “outperform” rating and issued a $70.00 price target on shares of GXO Logistics in a research report on Thursday, February 12th. Finally, The Goldman Sachs Group lowered shares of GXO Logistics from a “buy” rating to a “neutral” rating and set a $68.00 price target on the stock. in a report on Wednesday. Ten research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.17.

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.