New York State Common Retirement Fund Grows Position in GXO Logistics, Inc. (NYSE:GXO)

New York State Common Retirement Fund lifted its holdings in GXO Logistics, Inc. (NYSE:GXO) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 253,015 shares of the company’s stock after buying an additional 2,969 shares during the period. New York State Common Retirement Fund owned approximately 0.21% of GXO Logistics worth $15,474,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale purchased a new position in GXO Logistics in the 3rd quarter worth approximately $31,000. CWM LLC lifted its position in GXO Logistics by 28.1% during the fourth quarter. CWM LLC now owns 1,778 shares of the company’s stock worth $109,000 after buying an additional 390 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in GXO Logistics by 81.9% during the third quarter. First Horizon Advisors Inc. now owns 1,912 shares of the company’s stock worth $112,000 after buying an additional 861 shares during the last quarter. U S Global Investors Inc. grew its holdings in GXO Logistics by 42.5% in the 4th quarter. U S Global Investors Inc. now owns 2,472 shares of the company’s stock valued at $151,000 after buying an additional 737 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd increased its stake in shares of GXO Logistics by 108.8% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,909 shares of the company’s stock worth $171,000 after acquiring an additional 1,516 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

GXO has been the subject of a number of analyst reports. BNP Paribas raised shares of GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price objective for the company in a report on Wednesday, March 27th. Loop Capital cut their price target on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Stifel Nicolaus upped their price objective on GXO Logistics from $69.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. TD Cowen raised their target price on GXO Logistics from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. decreased their price target on GXO Logistics from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, GXO Logistics has an average rating of “Moderate Buy” and a consensus price target of $69.69.

GXO Logistics Stock Up 0.9 %

Shares of GXO opened at $50.96 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $6.09 billion, a PE ratio of 26.68, a P/E/G ratio of 2.12 and a beta of 1.64. The company’s 50-day simple moving average is $50.89 and its 200-day simple moving average is $54.48. GXO Logistics, Inc. has a 1 year low of $48.11 and a 1 year high of $67.57.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the company posted $0.83 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. Analysts forecast that GXO Logistics, Inc. will post 2.78 earnings per share for the current fiscal year.

GXO Logistics 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.