International Assets Investment Management LLC Invests $554,000 in GXO Logistics, Inc. (NYSE:GXO)

International Assets Investment Management LLC acquired a new position in shares of GXO Logistics, Inc. (NYSE:GXO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,052 shares of the company’s stock, valued at approximately $554,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GXO. DnB Asset Management AS increased its holdings in shares of GXO Logistics by 13.6% during the 3rd quarter. DnB Asset Management AS now owns 15,824 shares of the company’s stock worth $928,000 after purchasing an additional 1,891 shares during the period. WASHINGTON TRUST Co increased its holdings in shares of GXO Logistics by 12,052.9% during the 3rd quarter. WASHINGTON TRUST Co now owns 157,866 shares of the company’s stock worth $9,259,000 after purchasing an additional 156,567 shares during the period. Ballentine Partners LLC bought a new position in shares of GXO Logistics during the 3rd quarter worth about $332,000. Northcape Capital Pty Ltd increased its holdings in shares of GXO Logistics by 5.0% during the 3rd quarter. Northcape Capital Pty Ltd now owns 38,119 shares of the company’s stock worth $2,236,000 after purchasing an additional 1,801 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of GXO Logistics by 1.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 14,856 shares of the company’s stock valued at $871,000 after acquiring an additional 212 shares in the last quarter. Institutional investors own 90.67% of the company’s stock.

Insider Buying and Selling

In other GXO Logistics news, Director Gena L. Ashe sold 4,737 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $50.00, for a total value of $236,850.00. Following the completion of the sale, the director now owns 20,851 shares of the company’s stock, valued at $1,042,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by insiders.

GXO Logistics Trading Down 2.1 %

GXO opened at $49.10 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 2.09 and a beta of 1.64. The firm has a 50 day simple moving average of $51.18 and a 200 day simple moving average of $54.60. GXO Logistics, Inc. has a fifty-two week low of $48.11 and a fifty-two week high of $67.57.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. GXO Logistics’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 earnings per share. On average, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.78 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on GXO shares. Stifel Nicolaus lifted their target price on shares of GXO Logistics from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. BNP Paribas upgraded shares of GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 target price on the stock in a research report on Wednesday, March 27th. Susquehanna lifted their target price on shares of GXO Logistics from $73.00 to $75.00 and gave the company a “positive” rating in a research report on Thursday, February 15th. TD Cowen lifted their target price on shares of GXO Logistics from $70.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Finally, JPMorgan Chase & Co. decreased their target price on shares of GXO Logistics from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, GXO Logistics presently has a consensus rating of “Moderate Buy” and an average target price of $69.54.

GXO Logistics Company Profile

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, 2023, it operated in approximately 974 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.