Axxcess Wealth Management LLC Makes New Investment in GXO Logistics, Inc. (NYSE:GXO)

Axxcess Wealth Management LLC purchased a new stake in shares of GXO Logistics, Inc. (NYSE:GXO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,684 shares of the company’s stock, valued at approximately $286,000.

Several other institutional investors and hedge funds have also modified their holdings of GXO. DekaBank Deutsche Girozentrale purchased a new position in GXO Logistics in the third quarter valued at about $31,000. Headlands Technologies LLC acquired a new position in GXO Logistics in the fourth quarter worth approximately $59,000. CWM LLC increased its holdings in GXO Logistics by 28.1% in the fourth quarter. CWM LLC now owns 1,778 shares of the company’s stock worth $109,000 after buying an additional 390 shares during the last quarter. First Horizon Advisors Inc. raised its position in GXO Logistics by 81.9% during the third quarter. First Horizon Advisors Inc. now owns 1,912 shares of the company’s stock valued at $112,000 after acquiring an additional 861 shares in the last quarter. Finally, U S Global Investors Inc. lifted its stake in GXO Logistics by 42.5% in the fourth quarter. U S Global Investors Inc. now owns 2,472 shares of the company’s stock valued at $151,000 after acquiring an additional 737 shares during the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Gena L. Ashe sold 4,737 shares of GXO Logistics stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $50.00, for a total transaction of $236,850.00. Following the sale, the director now directly owns 20,851 shares of the company’s stock, valued at $1,042,550. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.00% of the stock is owned by company insiders.

GXO Logistics Stock Up 4.3 %

GXO opened at $53.11 on Friday. The business has a 50 day moving average of $50.57 and a 200-day moving average of $54.33. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 2.11 and a beta of 1.63. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.55. GXO Logistics, Inc. has a 1-year low of $48.11 and a 1-year high of $67.57.

GXO Logistics (NYSE:GXO) last released its earnings results on Tuesday, May 7th. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.38 billion. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 EPS. As a group, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

GXO has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price target on shares of GXO Logistics from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. BNP Paribas raised GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price target for the company in a research report on Wednesday, March 27th. Loop Capital lowered their price objective on GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Citigroup cut their price objective on GXO Logistics from $66.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. Finally, Susquehanna upped their target price on GXO Logistics from $73.00 to $75.00 and gave the stock a “positive” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.85.

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.