Neuberger Berman Group LLC Raises Stake in GXO Logistics, Inc. (NYSE:GXO)

Neuberger Berman Group LLC lifted its position in shares of GXO Logistics, Inc. (NYSE:GXOGet Rating) by 37.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 875,686 shares of the company’s stock after buying an additional 236,923 shares during the quarter. Neuberger Berman Group LLC’s holdings in GXO Logistics were worth $62,488,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Prospera Financial Services Inc purchased a new stake in shares of GXO Logistics during the first quarter worth about $31,000. Point72 Hong Kong Ltd purchased a new stake in shares of GXO Logistics during the fourth quarter worth about $37,000. Geneos Wealth Management Inc. purchased a new stake in GXO Logistics in the first quarter valued at approximately $39,000. Herold Advisors Inc. purchased a new stake in GXO Logistics in the first quarter valued at approximately $54,000. Finally, First Horizon Advisors Inc. grew its holdings in GXO Logistics by 18.8% in the first quarter. First Horizon Advisors Inc. now owns 1,276 shares of the company’s stock valued at $91,000 after purchasing an additional 202 shares during the period. 83.54% of the stock is currently owned by hedge funds and other institutional investors.

GXO Logistics Trading Down 8.3 %

GXO opened at $40.09 on Monday. The stock has a market capitalization of $4.76 billion and a PE ratio of 21.55. The firm’s fifty day moving average price is $45.53 and its 200 day moving average price is $53.91. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.95 and a quick ratio of 0.95. GXO Logistics, Inc. has a 12-month low of $38.08 and a 12-month high of $105.92.

GXO Logistics (NYSE:GXOGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.05. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.11 billion. GXO Logistics had a net margin of 2.55% and a return on equity of 12.25%. As a group, research analysts expect that GXO Logistics, Inc. will post 2.82 EPS for the current fiscal year.

Insider Activity at GXO Logistics

In other GXO Logistics news, Director S Jacobs Bradley sold 5,167,500 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $48.35, for a total transaction of $249,848,625.00. Following the completion of the sale, the director now owns 1,300,701 shares in the company, valued at $62,888,893.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 11.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GXO. Cowen boosted their target price on shares of GXO Logistics from $64.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. Cowen boosted their target price on shares of GXO Logistics from $64.00 to $67.00 in a report on Thursday, August 4th. JPMorgan Chase & Co. lowered their target price on shares of GXO Logistics from $83.00 to $68.00 and set an “overweight” rating for the company in a report on Tuesday, July 12th. Citigroup boosted their target price on shares of GXO Logistics to $61.00 in a report on Tuesday, August 9th. Finally, Barclays decreased their price objective on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 12th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.65.

GXO Logistics Profile

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GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, and other supply chain services, as well as reverse logistics or returns management services. As of December 31, 2021, it operated in approximately 906 facilities.

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Institutional Ownership by Quarter for GXO Logistics (NYSE:GXO)

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