GXO Logistics, Inc. $GXO Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,032,068 shares of the company’s stock after buying an additional 21,933 shares during the period. Geode Capital Management LLC owned about 1.77% of GXO Logistics worth $106,991,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP lifted its position in GXO Logistics by 175.0% during the third quarter. Allworth Financial LP now owns 517 shares of the company’s stock valued at $27,000 after buying an additional 329 shares in the last quarter. Accredited Wealth Management LLC lifted its position in GXO Logistics by 1,100.0% during the third quarter. Accredited Wealth Management LLC now owns 600 shares of the company’s stock valued at $32,000 after buying an additional 550 shares in the last quarter. Chapman Financial Group LLC acquired a new position in GXO Logistics during the second quarter valued at approximately $34,000. Fifth Third Bancorp lifted its position in GXO Logistics by 22.0% during the third quarter. Fifth Third Bancorp now owns 1,213 shares of the company’s stock valued at $64,000 after buying an additional 219 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in GXO Logistics by 85.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,420 shares of the company’s stock valued at $75,000 after buying an additional 653 shares in the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Stock Down 2.0%

GXO Logistics stock opened at $48.68 on Friday. The company has a 50-day simple moving average of $52.31 and a 200-day simple moving average of $54.44. The firm has a market capitalization of $5.60 billion, a P/E ratio of 42.71, a P/E/G ratio of 1.65 and a beta of 1.56. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.85 and a current ratio of 0.85. GXO Logistics, Inc. has a one year low of $42.09 and a one year high of $66.85.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.13. The business had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.22 billion. GXO Logistics had a net margin of 0.98% and a return on equity of 10.55%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.29 earnings per share. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. As a group, equities analysts expect that GXO Logistics, Inc. will post 3.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GXO. The Goldman Sachs Group cut shares of GXO Logistics from a “buy” rating to a “neutral” rating and set a $68.00 price target on the stock. in a research report on Wednesday, March 4th. UBS Group lifted their price target on shares of GXO Logistics from $63.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Truist Financial lifted their price target on shares of GXO Logistics from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Morgan Stanley reissued an “overweight” rating and set a $75.00 target price on shares of GXO Logistics in a research report on Tuesday, February 17th. Finally, Barclays raised shares of GXO Logistics from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $58.00 to $65.00 in a research report on Wednesday, May 27th. Eleven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $69.92.

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.