Blue Zone Wealth Advisors LLC Raises Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Blue Zone Wealth Advisors LLC raised its holdings in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 11.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,468 shares of the company's stock after acquiring an additional 6,984 shares during the quarter. Blue Zone Wealth Advisors LLC owned approximately 0.06% of GXO Logistics worth $2,754,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Murphy & Mullick Capital Management Corp purchased a new stake in shares of GXO Logistics during the fourth quarter worth about $41,000. Summit Securities Group LLC boosted its stake in GXO Logistics by 870.9% in the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock worth $44,000 after purchasing an additional 897 shares during the period. Quarry LP grew its holdings in GXO Logistics by 1,334.9% during the 4th quarter. Quarry LP now owns 1,234 shares of the company's stock valued at $54,000 after buying an additional 1,148 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in GXO Logistics by 33.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company's stock valued at $60,000 after buying an additional 348 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of GXO Logistics by 35.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,849 shares of the company's stock valued at $72,000 after buying an additional 479 shares during the last quarter. 90.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GXO has been the subject of a number of research reports. Stifel Nicolaus restated a "buy" rating and set a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Morgan Stanley dropped their price objective on shares of GXO Logistics from $63.00 to $57.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft began coverage on GXO Logistics in a research report on Friday, March 7th. They set a "hold" rating and a $45.00 price objective for the company. Wells Fargo & Company decreased their target price on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Finally, UBS Group dropped their price target on GXO Logistics from $72.00 to $50.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $54.57.

GXO Logistics Trading Up 1.4%

Shares of NYSE:GXO traded up $0.61 during trading on Monday, hitting $42.82. The company had a trading volume of 1,085,261 shares, compared to its average volume of 1,280,225. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 38.23, a price-to-earnings-growth ratio of 1.34 and a beta of 1.59. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. The company has a fifty day simple moving average of $37.80 and a two-hundred day simple moving average of $41.88. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.03. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the company earned $0.45 earnings per share. GXO Logistics's revenue was up 21.2% on a year-over-year basis. As a group, equities analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

GXO Logistics Company 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.