Dakota Wealth Management Grows Stake in GXO Logistics, Inc. (NYSE:GXO)

Dakota Wealth Management lifted its holdings in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 30.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,705 shares of the company's stock after buying an additional 7,940 shares during the period. Dakota Wealth Management's holdings in GXO Logistics were worth $1,317,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GXO. GAMMA Investing LLC increased its stake in GXO Logistics by 57.0% in 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 in the last quarter. Golden State Wealth Management LLC purchased a new position in GXO Logistics in the 1st quarter valued at approximately $34,000. Murphy & Mullick Capital Management Corp purchased a new position in GXO Logistics in the 4th quarter valued at approximately $41,000. Summit Securities Group LLC increased 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 valued at $44,000 after purchasing an additional 897 shares in the last quarter. Finally, Quarry LP increased its stake in GXO Logistics by 1,334.9% in the 4th quarter. Quarry LP now owns 1,234 shares of the company's stock valued at $54,000 after purchasing an additional 1,148 shares in the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GXO shares. Truist Financial upgraded GXO Logistics from a "hold" rating to a "buy" rating and increased their target price for the company from $48.00 to $62.00 in a report on Friday, July 11th. Stifel Nicolaus increased their target price on GXO Logistics from $63.00 to $67.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Wells Fargo & Company increased their target price on GXO Logistics from $48.00 to $57.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Citigroup increased 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. Finally, Barclays increased their target price on GXO Logistics from $45.00 to $52.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, GXO Logistics currently has an average rating of "Moderate Buy" and a consensus price target of $57.43.

GXO Logistics Trading Down 2.3%

GXO Logistics stock traded down $1.20 during midday trading on Friday, reaching $50.20. The stock had a trading volume of 150,457 shares, compared to its average volume of 1,492,437. GXO Logistics, Inc. has a twelve month low of $30.46 and a twelve month high of $63.33. The stock has a market capitalization of $5.74 billion, a PE ratio of 80.91, a price-to-earnings-growth ratio of 1.88 and a beta of 1.64. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.78 and a current ratio of 0.78. The stock's 50-day simple moving average is $45.04 and its 200 day simple moving average is $41.64.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.03. GXO Logistics had a return on equity of 10.49% and a net margin of 0.61%. The firm had revenue of $2.98 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter last year, the firm earned $0.45 earnings per share. The firm's revenue for the quarter was up 21.2% compared to the same quarter last year. Analysts expect that GXO Logistics, Inc. will post 2.49 EPS for the current year.

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.