GXO Logistics, Inc. (NYSE:GXO) Stock Position Lifted by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its holdings in GXO Logistics, Inc. (NYSE:GXOFree Report) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,004 shares of the company’s stock after acquiring an additional 200 shares during the period. Kestra Private Wealth Services LLC’s holdings in GXO Logistics were worth $235,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in GXO Logistics in the 3rd quarter worth about $4,876,000. Arizona State Retirement System raised its stake in shares of GXO Logistics by 7.8% during the 2nd quarter. Arizona State Retirement System now owns 33,362 shares of the company’s stock worth $2,096,000 after purchasing an additional 2,424 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of GXO Logistics by 136.5% during the 3rd quarter. Victory Capital Management Inc. now owns 469,391 shares of the company’s stock worth $27,530,000 after purchasing an additional 270,952 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of GXO Logistics during the 2nd quarter worth about $17,526,000. Finally, California Public Employees Retirement System raised its stake in shares of GXO Logistics by 10.0% during the 3rd quarter. California Public Employees Retirement System now owns 212,990 shares of the company’s stock worth $12,492,000 after purchasing an additional 19,417 shares in the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at GXO Logistics

In other GXO Logistics news, Director Gena L. Ashe sold 10,526 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $58.15, for a total value of $612,086.90. Following the sale, the director now owns 15,062 shares of the company’s stock, valued at approximately $875,855.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. UBS Group cut their price target on GXO Logistics from $74.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 9th. Susquehanna cut their price target on GXO Logistics from $74.00 to $66.00 and set a “positive” rating for the company in a research note on Thursday, November 9th. Stifel Nicolaus raised their price target on GXO Logistics from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Oppenheimer lowered their price objective on GXO Logistics from $76.00 to $66.00 and set an “outperform” rating on the stock in a report on Monday, November 13th. Finally, JPMorgan Chase & Co. lowered their price objective on GXO Logistics from $69.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, December 21st. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.17.

Read Our Latest Research Report on GXO Logistics

GXO Logistics Stock Performance

GXO opened at $56.69 on Friday. The firm has a market capitalization of $6.74 billion, a P/E ratio of 33.54, a price-to-earnings-growth ratio of 2.32 and a beta of 1.70. The stock’s 50 day moving average price is $58.28 and its two-hundred day moving average price is $58.31. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.58. GXO Logistics, Inc. has a 12-month low of $43.57 and a 12-month high of $67.57.

About GXO Logistics

(Free Report)

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, 2022, it operated in approximately 979 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.

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

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