Sei Investments Co. Boosts Stake in GXO Logistics, Inc. $GXO

Sei Investments Co. boosted its stake in GXO Logistics, Inc. (NYSE:GXO) by 14.2% in the 1st quarter, Holdings Channel reports. The firm owned 133,397 shares of the company’s stock after purchasing an additional 16,542 shares during the period. Sei Investments Co.’s holdings in GXO Logistics were worth $6,917,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in shares of GXO Logistics by 175.0% during the third quarter. Allworth Financial LP now owns 517 shares of the company’s stock worth $27,000 after buying an additional 329 shares during the period. Chapman Financial Group LLC acquired a new stake in shares of GXO Logistics in the second quarter valued at $34,000. Farther Finance Advisors LLC raised its holdings in shares of GXO Logistics by 85.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,420 shares of the company’s stock valued at $75,000 after buying an additional 653 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of GXO Logistics by 4,775.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock valued at $78,000 after buying an additional 1,958 shares during the period. Finally, Danske Bank A S acquired a new position in GXO Logistics during the 3rd quarter worth about $79,000. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Up 0.9%

Shares of NYSE GXO opened at $50.59 on Tuesday. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 44.38, a price-to-earnings-growth ratio of 1.66 and a beta of 1.55. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50-day moving average of $50.69 and a two-hundred day moving average of $54.01. GXO Logistics, Inc. has a 1 year low of $45.40 and a 1 year high of $66.85.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. GXO Logistics had a return on equity of 10.55% and a net margin of 0.98%.The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.22 billion. During the same quarter in the prior year, the business posted $0.29 EPS. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, analysts forecast that GXO Logistics, Inc. will post 3.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Stephens started coverage on GXO Logistics in a report on Wednesday, July 8th. They set an “overweight” rating and a $75.00 target price for the company. Citigroup started coverage on shares of GXO Logistics in a research note on Wednesday, July 15th. They set a “market outperform” rating on the stock. Weiss Ratings raised shares of GXO Logistics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Stifel Nicolaus lowered their price objective on shares of GXO Logistics from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Finally, Morgan Stanley lifted their price objective on shares of GXO Logistics from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, GXO Logistics presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.71.

GXO Logistics Company 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.