GXO Logistics, Inc. (NYSE:GXO) Stake Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its holdings in shares of GXO Logistics, Inc. (NYSE:GXO – Get Rating) by 7.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,049,916 shares of the company’s stock after acquiring an additional 77,254 shares during the quarter. Bank of New York Mellon Corp’s holdings in GXO Logistics were worth $36,808,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GXO. Geneos Wealth Management Inc. acquired a new stake in GXO Logistics during the first quarter valued at $39,000. Wipfli Financial Advisors LLC acquired a new position in GXO Logistics in the third quarter worth approximately $30,000. Fifth Third Bancorp increased its holdings in GXO Logistics by 93.6% in the third quarter. Fifth Third Bancorp now owns 904 shares of the company’s stock worth $32,000 after buying an additional 437 shares during the last quarter. CWM LLC raised its position in GXO Logistics by 88.7% during the third quarter. CWM LLC now owns 955 shares of the company’s stock valued at $33,000 after acquiring an additional 449 shares in the last quarter. Finally, Repertoire Partners LP acquired a new stake in GXO Logistics in the second quarter valued at approximately $43,000. Hedge funds and other institutional investors own 99.47% of the company’s stock.

Insider Activity at GXO Logistics

In other GXO Logistics news, Director Gena L. Ashe sold 2,120 shares of GXO Logistics stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $52.73, for a total transaction of $111,787.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 11.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GXO has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price target on shares of GXO Logistics from $52.00 to $55.00 in a report on Wednesday, February 15th. Jefferies Financial Group boosted their price target on GXO Logistics from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, January 13th. Deutsche Bank Aktiengesellschaft increased their price objective on GXO Logistics from $53.00 to $62.00 and gave the company a “buy” rating in a report on Friday, January 13th. Wells Fargo & Company reduced their target price on GXO Logistics from $70.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, February 16th. Finally, Loop Capital increased their price target on GXO Logistics from $67.00 to $74.00 in a report on Friday, January 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.44.

GXO Logistics Stock Performance

NYSE GXO opened at $45.00 on Tuesday. The company’s fifty day moving average is $50.69 and its two-hundred day moving average is $44.22. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 26.79, a P/E/G ratio of 1.61 and a beta of 1.70. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.96 and a quick ratio of 0.96. GXO Logistics, Inc. has a 52-week low of $32.10 and a 52-week high of $79.54.

GXO Logistics (NYSE:GXO – Get Rating) last released its earnings results on Tuesday, February 14th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. GXO Logistics had a return on equity of 13.12% and a net margin of 2.19%. Equities research analysts forecast that GXO Logistics, Inc. will post 2.4 EPS for the current year.

GXO Logistics Company 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.