Cwm LLC Boosts Position in GXO Logistics, Inc. (NYSE:GXO)

Cwm LLC raised its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 28.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,778 shares of the company’s stock after purchasing an additional 390 shares during the quarter. Cwm LLC’s holdings in GXO Logistics were worth $109,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Payden & Rygel Investment Group purchased a new stake in GXO Logistics in the third quarter worth about $18,272,000. Victory Capital Management Inc. grew 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 valued at $27,530,000 after acquiring an additional 270,952 shares during the period. Invesco Ltd. increased its holdings in GXO Logistics by 22.6% in the 3rd quarter. Invesco Ltd. now owns 1,466,267 shares of the company’s stock worth $85,997,000 after acquiring an additional 270,524 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in GXO Logistics by 31.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 526,000 shares of the company’s stock worth $30,850,000 after acquiring an additional 126,000 shares during the period. Finally, Corient Private Wealth LLC lifted its holdings in GXO Logistics by 100.0% during the third quarter. Corient Private Wealth LLC now owns 241,870 shares of the company’s stock valued at $14,186,000 after purchasing an additional 120,932 shares in the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Insider Activity

In other news, Director Gena L. Ashe sold 4,737 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $50.00, for a total transaction of $236,850.00. Following the transaction, 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 SEC, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

GXO Logistics Trading Up 2.3 %

Shares of GXO opened at $51.42 on Tuesday. The stock has a market capitalization of $6.14 billion, a PE ratio of 26.92, a P/E/G ratio of 2.11 and a beta of 1.63. The company’s fifty day moving average is $50.60 and its 200 day moving average is $54.37. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.98 and a current ratio of 0.98. 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 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. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the firm posted $0.83 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Sell-side analysts expect that GXO Logistics, Inc. will post 2.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. 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 research note on Wednesday, March 27th. Citigroup decreased their price target on GXO Logistics from $66.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. Loop Capital dropped their price objective on GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. JPMorgan Chase & Co. decreased their target price 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. Finally, TD Cowen upped their price target on GXO Logistics from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.69.

About GXO Logistics

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.