Edgestream Partners L.P. Makes New $694,000 Investment in GXO Logistics, Inc. (NYSE:GXO)

Edgestream Partners L.P. acquired a new position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,750 shares of the company's stock, valued at approximately $694,000.

A number of other institutional investors have also added to or reduced their stakes in GXO. GAMMA Investing LLC lifted its position in shares of 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 acquiring an additional 302 shares during the period. Golden State Wealth Management LLC purchased a new stake in GXO Logistics during the first quarter worth about $34,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of GXO Logistics in the fourth quarter worth about $41,000. Summit Securities Group LLC increased its stake in shares of GXO Logistics by 870.9% in the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock worth $44,000 after purchasing an additional 897 shares in the last quarter. Finally, Quarry LP boosted its position in shares of 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 period. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GXO has been the topic of a number of recent research reports. Barclays upped their target price on shares of GXO Logistics from $45.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Wells Fargo & Company lifted their price target on shares of GXO Logistics from $48.00 to $57.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Stifel Nicolaus raised their price target on GXO Logistics from $63.00 to $67.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Truist Financial upgraded shares of GXO Logistics from a "hold" rating to a "buy" rating and boosted their price target for the stock from $48.00 to $62.00 in a research report on Friday, July 11th. Finally, Citigroup boosted their price objective on shares of GXO Logistics from $56.00 to $59.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.43.

GXO Logistics Trading Up 1.4%

Shares of NYSE GXO traded up $0.74 during midday trading on Wednesday, hitting $51.65. The stock had a trading volume of 743,964 shares, compared to its average volume of 1,347,989. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.78 and a quick ratio of 0.78. GXO Logistics, Inc. has a fifty-two week low of $30.46 and a fifty-two week high of $63.33. The company's 50-day simple moving average is $45.86 and its 200 day simple moving average is $41.85. The firm has a market cap of $5.91 billion, a P/E ratio of 83.30, a price-to-earnings-growth ratio of 1.86 and a beta of 1.64.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.29 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the company posted $0.45 EPS. The company's revenue for the quarter was up 21.2% on a year-over-year basis. Research analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS 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.