Daymark Wealth Partners LLC Grows Stock Position in GXO Logistics, Inc. (NYSE:GXO)

Daymark Wealth Partners LLC increased its holdings in GXO Logistics, Inc. (NYSE:GXO) by 37.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,396 shares of the company’s stock after acquiring an additional 2,282 shares during the quarter. Daymark Wealth Partners LLC’s holdings in GXO Logistics were worth $437,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Bayberry Capital Partners LP boosted its stake in shares of GXO Logistics by 46.9% during the 4th quarter. Bayberry Capital Partners LP now owns 238,000 shares of the company’s stock worth $14,556,000 after acquiring an additional 76,000 shares during the last quarter. Vanguard Group Inc. grew its holdings in GXO Logistics by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 11,145,865 shares of the company’s stock valued at $681,681,000 after purchasing an additional 72,764 shares during the period. Quadrature Capital Ltd bought a new stake in GXO Logistics during the fourth quarter valued at about $490,000. Reinhart Partners LLC. increased its position in GXO Logistics by 2.5% in the first quarter. Reinhart Partners LLC. now owns 554,686 shares of the company’s stock worth $29,820,000 after buying an additional 13,592 shares in the last quarter. Finally, Douglas Lane & Associates LLC raised its stake in shares of GXO Logistics by 1.8% in the first quarter. Douglas Lane & Associates LLC now owns 463,342 shares of the company’s stock worth $24,909,000 after buying an additional 8,224 shares during the period. 90.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GXO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 9th. UBS Group lowered their target price on shares of GXO Logistics from $71.00 to $66.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Citigroup began coverage on GXO Logistics in a research note on Wednesday. They issued a “buy” rating and a $60.00 price target for the company. Finally, Susquehanna lowered their price objective 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. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, GXO Logistics currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.91.

GXO Logistics Trading Up 14.1 %

GXO stock opened at $58.07 on Friday. The firm has a market cap of $6.94 billion, a PE ratio of 41.78, a price-to-earnings-growth ratio of 1.55 and a beta of 1.59. The firm has a fifty day moving average price of $49.76 and a 200 day moving average price of $50.62. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.86 and a current ratio of 0.86. GXO Logistics, Inc. has a fifty-two week low of $46.07 and a fifty-two week high of $63.07.

GXO Logistics (NYSE:GXO) last posted its earnings results on Tuesday, August 6th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter last year, the firm earned $0.70 earnings per share. The business’s quarterly revenue was up 18.9% on a year-over-year basis. Sell-side analysts anticipate that GXO Logistics, Inc. will post 2.79 earnings per share for the current fiscal 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.