First Bank & Trust Invests $271,000 in GXO Logistics, Inc. $GXO

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 purchased a new position in GXO Logistics, Inc. (NYSE:GXO - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,562 shares of the company's stock, valued at approximately $271,000.

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC boosted its stake in shares of GXO Logistics by 2,460.7% in the first quarter. Larson Financial Group LLC now owns 717 shares of the company's stock worth $28,000 after acquiring an additional 689 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of GXO Logistics by 57.0% in the first quarter. GAMMA Investing LLC now owns 832 shares of the company's stock worth $33,000 after acquiring an additional 302 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of GXO Logistics in the first quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of GXO Logistics by 72.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company's stock worth $37,000 after acquiring an additional 396 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of GXO Logistics by 63.2% in the first quarter. Covestor Ltd now owns 1,645 shares of the company's stock worth $64,000 after acquiring an additional 637 shares during the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Price Performance

GXO stock opened at $50.78 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $5.81 billion, a PE ratio of 95.81, a P/E/G ratio of 2.04 and a beta of 1.65. GXO Logistics, Inc. has a 12-month low of $30.46 and a 12-month high of $63.33. The business's fifty day moving average price is $51.56 and its 200 day moving average price is $44.17.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The firm had revenue of $3.30 billion for 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 quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 EPS. On average, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GXO shares. JPMorgan Chase & Co. lifted their price target on GXO Logistics from $56.00 to $65.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. UBS Group boosted their price objective on GXO Logistics from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Wells Fargo & Company boosted their price objective on GXO Logistics from $57.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Citigroup boosted their price objective on GXO Logistics from $56.00 to $59.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, Barclays boosted their price objective on GXO Logistics from $45.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, GXO Logistics has an average rating of "Moderate Buy" and an average target price of $59.50.

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.

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