Wilmington Savings Fund Society FSB Makes New Investment in GXO Logistics, Inc. (NYSE:GXO)

Wilmington Savings Fund Society FSB acquired a new stake in GXO Logistics, Inc. (NYSE:GXO) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,366 shares of the company’s stock, valued at approximately $71,000.

Other institutional investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of GXO Logistics in the third quarter valued at approximately $28,000. UMB Bank n.a. boosted its position in GXO Logistics by 111.4% in the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company’s stock valued at $33,000 after buying an additional 331 shares during the last quarter. Signaturefd LLC increased its stake in shares of GXO Logistics by 37.2% in the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after buying an additional 249 shares during the period. Hara Capital LLC acquired a new position in shares of GXO Logistics during the third quarter valued at $50,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in GXO Logistics by 37.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock valued at $54,000 after acquiring an additional 282 shares during the last quarter. 90.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. TD Cowen boosted their price objective on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Citigroup began coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 price target for the company. Oppenheimer raised their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Barclays dropped their target price on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. Finally, Susquehanna reduced their price target on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research report on Thursday, September 26th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.33.

GXO Logistics Stock Performance

Shares of GXO Logistics stock opened at $41.96 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 46.62, a price-to-earnings-growth ratio of 1.49 and a beta of 1.52. The stock’s 50-day moving average is $57.16 and its 200-day moving average is $52.81. GXO Logistics, Inc. has a one year low of $41.95 and a one year high of $63.33.

GXO Logistics (NYSE:GXO) last released its earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 EPS. Equities analysts predict that GXO Logistics, Inc. will post 2.76 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.