Dakota Wealth Management Purchases 7,940 Shares of GXO Logistics, Inc. (NYSE:GXO)

Dakota Wealth Management boosted its holdings in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 30.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,705 shares of the company's stock after purchasing an additional 7,940 shares during the quarter. Dakota Wealth Management's holdings in GXO Logistics were worth $1,317,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its stake in GXO Logistics by 13.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,243 shares of the company's stock valued at $674,000 after purchasing an additional 2,076 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in GXO Logistics by 2.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 38,679 shares of the company's stock valued at $1,512,000 after purchasing an additional 886 shares during the period. KBC Group NV boosted its stake in GXO Logistics by 20.0% during the 1st quarter. KBC Group NV now owns 5,821 shares of the company's stock valued at $227,000 after purchasing an additional 969 shares during the period. Principal Financial Group Inc. boosted its stake in GXO Logistics by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 274,832 shares of the company's stock valued at $10,740,000 after purchasing an additional 831 shares during the period. Finally, GAMMA Investing LLC boosted its stake in GXO Logistics by 57.0% during the 1st quarter. GAMMA Investing LLC now owns 832 shares of the company's stock valued at $33,000 after purchasing an additional 302 shares during the period. Institutional investors own 90.67% of the company's stock.

Wall Street Analyst Weigh In

GXO has been the subject of several recent research reports. Truist Financial raised GXO Logistics from a "hold" rating to a "buy" rating and upped their price target for the company from $48.00 to $62.00 in a report on Friday, July 11th. Wells Fargo & Company upped their price target on GXO Logistics from $48.00 to $57.00 and gave the company an "overweight" rating in a report on Monday, July 7th. JPMorgan Chase & Co. upped their price target on GXO Logistics from $52.00 to $56.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Citigroup upped their price target on GXO Logistics from $56.00 to $59.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, Susquehanna reaffirmed a "positive" rating and issued a $58.00 price target (up previously from $57.00) on shares of GXO Logistics in a report on Tuesday, June 24th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $57.43.

GXO Logistics Price Performance

Shares of GXO stock traded down $1.00 during trading hours on Friday, hitting $50.40. The company had a trading volume of 744,838 shares, compared to its average volume of 1,344,975. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $63.33. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 81.29, a PEG ratio of 1.87 and a beta of 1.64. The firm's fifty day moving average is $45.25 and its 200 day moving average is $41.69. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.78 and a current ratio of 0.78.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.03. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.94 billion. GXO Logistics had a return on equity of 10.49% and a net margin of 0.61%. GXO Logistics's revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 EPS. On average, sell-side analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

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.