5,562 Shares in GXO Logistics, Inc. $GXO Bought by First Bank & Trust

Key Points

• First Bank & Trust has invested approximately $271,000 in GXO Logistics, acquiring 5,562 shares during the second quarter.
• GXO Logistics reported quarterly earnings of $0.57 EPS, exceeding estimates, with a revenue of $3.30 billion during the same period.
• Analysts have increased their price targets for GXO Logistics, with JPMorgan raising it to $65.00 and UBS setting it at $58.00.

First Bank & Trust acquired a new stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,562 shares of the company's stock, valued at approximately $271,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its holdings in shares of GXO Logistics by 2,460.7% during the first quarter. Larson Financial Group LLC now owns 717 shares of the company's stock valued at $28,000 after buying an additional 689 shares in the last quarter. GAMMA Investing LLC boosted its position 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 buying an additional 302 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in GXO Logistics during the 1st quarter worth $34,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of GXO Logistics by 72.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company's stock valued at $37,000 after purchasing an additional 396 shares during the period. Finally, Covestor Ltd grew its holdings in GXO Logistics by 63.2% during the first quarter. Covestor Ltd now owns 1,645 shares of the company's stock worth $64,000 after purchasing an additional 637 shares during the period. Institutional investors own 90.67% of the company's stock.

GXO Logistics Price Performance

Shares of GXO stock traded down $1.45 during trading hours on Friday, hitting $49.66. 1,802,678 shares of the company's stock were exchanged, compared to its average volume of 842,247. GXO Logistics, Inc. has a 52 week low of $30.46 and a 52 week high of $63.33. The stock's 50-day moving average is $51.51 and its 200-day moving average is $44.43. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 93.70, a price-to-earnings-growth ratio of 1.99 and a beta of 1.65.

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

Analyst Ratings Changes

A number of research firms recently weighed in on GXO. Wells Fargo & Company increased their price objective on GXO Logistics from $57.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Oppenheimer boosted their price target on shares of GXO Logistics from $55.00 to $62.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. upped their price objective on shares of GXO Logistics from $56.00 to $65.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Barclays raised their price objective on shares of GXO Logistics from $45.00 to $52.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Finally, Stifel Nicolaus boosted their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $59.50.

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.