Stablepoint Partners LLC Buys 637 Shares of GXO Logistics, Inc. (NYSE:GXO)

Stablepoint Partners LLC increased its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 4.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,916 shares of the company’s stock after acquiring an additional 637 shares during the period. Stablepoint Partners LLC’s holdings in GXO Logistics were worth $692,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale acquired a new position in shares of GXO Logistics during the 3rd quarter worth approximately $28,000. UMB Bank n.a. increased its holdings in GXO Logistics by 111.4% during the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after buying an additional 331 shares during the last quarter. Signaturefd LLC raised its position in GXO Logistics by 37.2% during the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after acquiring an additional 249 shares in the last quarter. Hara Capital LLC acquired a new stake in GXO Logistics in the third quarter valued at $50,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of GXO Logistics by 37.6% in the 3rd 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 period. 90.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on GXO shares. Oppenheimer raised their target price 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. UBS Group lifted their target price on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. TD Cowen increased their price target on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group reduced their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Barclays dropped their price objective on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, GXO Logistics presently has an average rating of “Moderate Buy” and a consensus target price of $65.38.

GXO Logistics Stock Up 0.3 %

Shares of GXO opened at $45.19 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $5.40 billion, a PE ratio of 50.21, a P/E/G ratio of 1.23 and a beta of 1.60. The firm’s 50 day moving average is $48.72 and its 200-day moving average is $51.93. GXO Logistics, Inc. has a 12 month low of $41.38 and a 12 month high of $63.33.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.01. The firm had revenue of $3.16 billion during 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 company’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 EPS. Equities research analysts forecast that GXO Logistics, Inc. will post 2.73 EPS for the current year.

GXO Logistics Company 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.