Arkadios Wealth Advisors Acquires 6,160 Shares of GXO Logistics, Inc. (NYSE:GXO)

Key Points

• Arkadios Wealth Advisors increased its holdings in GXO Logistics by 94.8%, acquiring an additional 6,160 shares, bringing their total to 12,658 shares worth approximately $495,000.
• Several analysts have upgraded their price targets for GXO Logistics, with Truist Financial raising it from $48.00 to $62.00, indicating positive market sentiment toward the stock.
• GXO Logistics is currently trading at $48.98 per share, with a market capitalization of $5.60 billion, and has reported a net margin of 0.61% for the latest quarter.

Arkadios Wealth Advisors lifted its position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 94.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,658 shares of the company's stock after purchasing an additional 6,160 shares during the period. Arkadios Wealth Advisors' holdings in GXO Logistics were worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in GXO. Larson Financial Group LLC boosted its holdings in GXO Logistics by 2,460.7% in the first quarter. Larson Financial Group LLC now owns 717 shares of the company's stock valued at $28,000 after acquiring an additional 689 shares during the last quarter. GAMMA Investing LLC boosted its holdings in GXO Logistics by 57.0% in the first quarter. GAMMA Investing LLC now owns 832 shares of the company's stock valued at $33,000 after acquiring an additional 302 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in GXO Logistics in the first quarter valued at approximately $34,000. Quarry LP boosted its holdings in GXO Logistics by 1,334.9% in the fourth quarter. Quarry LP now owns 1,234 shares of the company's stock valued at $54,000 after acquiring an additional 1,148 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in GXO Logistics by 135.6% in the first quarter. UMB Bank n.a. now owns 1,762 shares of the company's stock valued at $69,000 after acquiring an additional 1,014 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Stock Performance

GXO traded down $0.10 during trading hours on Friday, hitting $50.83. The stock had a trading volume of 483,989 shares, compared to its average volume of 1,461,416. The company's fifty day simple moving average is $47.95 and its 200 day simple moving average is $42.32. GXO Logistics, Inc. has a 1 year low of $30.46 and a 1 year high of $63.33. The stock has a market cap of $5.82 billion, a PE ratio of 95.91, a price-to-earnings-growth ratio of 1.84 and a beta of 1.64. The company has a quick ratio of 0.78, a current ratio of 0.76 and a debt-to-equity ratio of 0.87.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.56 by $0.01. GXO Logistics had a return on equity of 10.45% and a net margin of 0.50%. The business had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the company earned $0.55 EPS. The firm's revenue was up 15.9% compared to the same quarter last year. Equities analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on GXO shares. Citigroup upped their target price on GXO Logistics from $56.00 to $59.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. boosted their price target on GXO Logistics from $56.00 to $65.00 and gave the company an "overweight" rating in a research note on Thursday. Stifel Nicolaus boosted their price target on GXO Logistics from $63.00 to $67.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Oppenheimer increased their target price on GXO Logistics from $55.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, UBS Group increased their price target on GXO Logistics from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.50.

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.