Pekin Hardy Strauss Inc. Raises Position in GXO Logistics, Inc. $GXO

Pekin Hardy Strauss Inc. lifted its position in GXO Logistics, Inc. (NYSE:GXO) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 167,058 shares of the company’s stock after acquiring an additional 4,320 shares during the quarter. GXO Logistics accounts for 0.9% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its 24th largest position. Pekin Hardy Strauss Inc. owned about 0.15% of GXO Logistics worth $8,136,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GXO. GAMMA Investing LLC lifted its holdings in GXO Logistics by 57.0% during the first quarter. GAMMA Investing LLC now owns 832 shares of the company’s stock worth $33,000 after buying an additional 302 shares during the period. Teacher Retirement System of Texas purchased a new position in shares of GXO Logistics in the 1st quarter valued at approximately $683,000. Principal Financial Group Inc. boosted its stake in GXO Logistics by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 274,832 shares of the company’s stock worth $10,740,000 after purchasing an additional 831 shares in the last quarter. Envestnet Asset Management Inc. grew its position in GXO Logistics by 23.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 59,883 shares of the company’s stock worth $2,340,000 after purchasing an additional 11,181 shares during the last quarter. Finally, Brown Advisory Inc. lifted its stake in shares of GXO Logistics by 7.2% during the first quarter. Brown Advisory Inc. now owns 7,899 shares of the company’s stock worth $309,000 after buying an additional 531 shares during the period. Institutional investors own 90.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. UBS Group increased their price objective on GXO Logistics from $58.00 to $63.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Oppenheimer increased their price target on shares of GXO Logistics from $55.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft upgraded shares of GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Thursday. JPMorgan Chase & Co. upped their price objective on shares of GXO Logistics from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Wells Fargo & Company raised their target price on shares of GXO Logistics from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Eleven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.77.

GXO Logistics Price Performance

Shares of NYSE GXO opened at $50.82 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.71 and a quick ratio of 0.76. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 66.87, a PEG ratio of 2.13 and a beta of 1.64. The firm’s 50 day simple moving average is $52.87 and its 200-day simple moving average is $48.28. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $62.07.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. GXO Logistics had a net margin of 0.69% and a return on equity of 10.45%. The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the prior year, the firm posted $0.79 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. GXO Logistics has set its FY 2025 guidance at 2.430-2.630 EPS. Analysts expect that GXO Logistics, Inc. will post 2.49 EPS 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.