Principal Financial Group Inc. Acquires 17,884 Shares of GXO Logistics, Inc. $GXO

Principal Financial Group Inc. lifted its holdings in GXO Logistics, Inc. (NYSE:GXO) by 4.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 441,282 shares of the company’s stock after purchasing an additional 17,884 shares during the period. Principal Financial Group Inc.’s holdings in GXO Logistics were worth $22,880,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GXO. Diversify Wealth Management LLC increased its holdings in GXO Logistics by 47.8% during the first quarter. Diversify Wealth Management LLC now owns 5,684 shares of the company’s stock valued at $313,000 after buying an additional 1,839 shares during the period. Fifth Third Bancorp lifted its holdings in GXO Logistics by 9,900.6% during the first quarter. Fifth Third Bancorp now owns 126,608 shares of the company’s stock worth $6,565,000 after buying an additional 125,342 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in GXO Logistics during the first quarter worth $1,344,000. Hsbc Holdings PLC boosted its position in GXO Logistics by 3.0% during the 1st quarter. Hsbc Holdings PLC now owns 11,953 shares of the company’s stock valued at $620,000 after acquiring an additional 352 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in GXO Logistics by 2.6% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 23,503 shares of the company’s stock valued at $1,219,000 after acquiring an additional 600 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Price Performance

NYSE GXO opened at $54.09 on Wednesday. The firm’s fifty day simple moving average is $49.91 and its two-hundred day simple moving average is $54.24. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.88. GXO Logistics, Inc. has a 12-month low of $45.40 and a 12-month high of $66.85. The firm has a market capitalization of $6.22 billion, a P/E ratio of 47.45, a P/E/G ratio of 1.75 and a beta of 1.55.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.37 by $0.13. The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.22 billion. GXO Logistics had a return on equity of 10.55% and a net margin of 0.98%.The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 EPS. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. Analysts forecast that GXO Logistics, Inc. will post 3.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GXO. Stephens assumed coverage on GXO Logistics in a report on Wednesday, July 8th. They issued an “overweight” rating and a $75.00 price target on the stock. Citigroup initiated coverage on GXO Logistics in a research report on Wednesday, July 15th. They set a “market outperform” rating on the stock. Morgan Stanley lifted their target price on GXO Logistics from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Wall Street Zen downgraded shares of GXO Logistics from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Weiss Ratings downgraded shares of GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 1st. Twelve research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, GXO Logistics currently has an average rating of “Moderate Buy” and a consensus target price of $70.07.

GXO Logistics Profile

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.