Oregon Public Employees Retirement Fund Increases Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Oregon Public Employees Retirement Fund raised its stake in GXO Logistics, Inc. (NYSE:GXOGet Rating) by 16.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 34,607 shares of the company’s stock after acquiring an additional 4,963 shares during the period. Oregon Public Employees Retirement Fund’s holdings in GXO Logistics were worth $1,213,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Ellevest Inc. increased its stake in GXO Logistics by 337.7% in the second quarter. Ellevest Inc. now owns 696 shares of the company’s stock valued at $30,000 after purchasing an additional 537 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new position in shares of GXO Logistics during the third quarter worth approximately $30,000. Fifth Third Bancorp grew its position in shares of GXO Logistics by 93.6% during the third quarter. Fifth Third Bancorp now owns 904 shares of the company’s stock worth $32,000 after acquiring an additional 437 shares during the last quarter. CWM LLC grew its position in shares of GXO Logistics by 88.7% during the third quarter. CWM LLC now owns 955 shares of the company’s stock worth $33,000 after acquiring an additional 449 shares during the last quarter. Finally, Geneos Wealth Management Inc. purchased a new position in shares of GXO Logistics during the first quarter worth approximately $39,000. 99.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GXO has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of GXO Logistics from $53.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, January 13th. Cowen lowered their target price on shares of GXO Logistics from $67.00 to $62.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 27th. Jefferies Financial Group raised their target price on shares of GXO Logistics from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, January 13th. Morgan Stanley raised their target price on shares of GXO Logistics from $60.00 to $66.00 in a research report on Friday, January 13th. Finally, BNP Paribas initiated coverage on shares of GXO Logistics in a research report on Thursday, December 1st. They issued a “neutral” rating and a $40.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

GXO Logistics Price Performance

GXO Logistics stock opened at $53.26 on Monday. GXO Logistics, Inc. has a one year low of $32.10 and a one year high of $88.34. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99. The business has a fifty day moving average of $45.20 and a two-hundred day moving average of $42.87. The company has a market cap of $6.32 billion, a P/E ratio of 30.09, a price-to-earnings-growth ratio of 1.83 and a beta of 1.55.

GXO Logistics (NYSE:GXOGet Rating) last released its earnings results on Tuesday, November 8th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. GXO Logistics had a return on equity of 12.90% and a net margin of 2.36%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.29 billion. As a group, analysts predict that GXO Logistics, Inc. will post 2.77 earnings per share for the current fiscal year.

Insider Buying and Selling at GXO Logistics

In other GXO Logistics news, Director Gena L. Ashe sold 2,120 shares of the firm’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $52.73, for a total value of $111,787.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Malcolm Wilson purchased 4,174 shares of the business’s stock in a transaction dated Friday, November 25th. The stock was acquired at an average price of $43.97 per share, with a total value of $183,530.78. Following the purchase, the chief executive officer now directly owns 45,509 shares of the company’s stock, valued at approximately $2,001,030.73. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gena L. Ashe sold 2,120 shares of GXO Logistics stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $52.73, for a total value of $111,787.60. The disclosure for this sale can be found here. 11.10% of the stock is owned by corporate insiders.

About GXO Logistics

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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.

Further Reading

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

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