Coldstream Capital Management Inc. Buys 258 Shares of GXO Logistics, Inc. (NYSE:GXO)

Coldstream Capital Management Inc. raised its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,477 shares of the company’s stock after purchasing an additional 258 shares during the period. Coldstream Capital Management Inc.’s holdings in GXO Logistics were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. UBS Group AG lifted its position in GXO Logistics by 14.3% during the 4th quarter. UBS Group AG now owns 135,367 shares of the company’s stock valued at $8,279,000 after purchasing an additional 16,898 shares during the period. Dynamic Technology Lab Private Ltd lifted its position in GXO Logistics by 310.6% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 20,529 shares of the company’s stock valued at $1,256,000 after purchasing an additional 15,529 shares during the period. Norges Bank acquired a new position in GXO Logistics during the 4th quarter valued at about $65,002,000. Brown Advisory Inc. lifted its position in GXO Logistics by 122.1% during the 4th quarter. Brown Advisory Inc. now owns 23,415 shares of the company’s stock valued at $1,432,000 after purchasing an additional 12,872 shares during the period. Finally, Independent Advisor Alliance lifted its position in GXO Logistics by 13.4% during the 4th quarter. Independent Advisor Alliance now owns 25,515 shares of the company’s stock valued at $1,560,000 after purchasing an additional 3,010 shares during the period. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at GXO Logistics

In other news, Director Gena L. Ashe sold 4,737 shares of the firm’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 transaction of $236,850.00. Following the completion of the transaction, the director now directly owns 20,851 shares of the company’s stock, valued at approximately $1,042,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.20% of the company’s stock.

GXO Logistics Price Performance

Shares of GXO opened at $49.27 on Friday. The stock has a market capitalization of $5.88 billion, a P/E ratio of 35.45, a P/E/G ratio of 1.48 and a beta of 1.63. GXO Logistics, Inc. has a twelve month low of $48.11 and a twelve month high of $67.57. The company has a 50 day moving average of $51.15 and a 200-day moving average of $54.42. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.52.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.38 billion. GXO Logistics had a net margin of 1.68% and a return on equity of 10.60%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $0.49 EPS. As a group, equities research analysts forecast that GXO Logistics, Inc. will post 2.77 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on GXO. 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 research report on Tuesday, April 9th. Susquehanna increased their price target 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. Morgan Stanley reiterated an “overweight” rating and issued a $70.00 price target on shares of GXO Logistics in a research report on Tuesday, May 14th. Loop Capital cut their price target on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Finally, Citigroup cut their price target on shares of GXO Logistics from $66.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.38.

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.