Harbor Capital Advisors Inc. Acquires 13,334 Shares of GXO Logistics, Inc. (NYSE:GXO)

Harbor Capital Advisors Inc. lifted its holdings in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 27.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,271 shares of the company's stock after purchasing an additional 13,334 shares during the period. Harbor Capital Advisors Inc. owned about 0.05% of GXO Logistics worth $2,434,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. UMB Bank n.a. increased its position in shares of GXO Logistics by 135.6% during the first quarter. UMB Bank n.a. now owns 1,762 shares of the company's stock worth $69,000 after purchasing an additional 1,014 shares in the last quarter. Blue Zone Wealth Advisors LLC lifted its position in GXO Logistics by 11.0% in the first quarter. Blue Zone Wealth Advisors LLC now owns 70,468 shares of the company's stock valued at $2,754,000 after buying an additional 6,984 shares during the last quarter. Reinhart Partners LLC. boosted its position in shares of GXO Logistics by 21.0% during the 1st quarter. Reinhart Partners LLC. now owns 726,022 shares of the company's stock worth $28,373,000 after purchasing an additional 125,886 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in GXO Logistics by 35.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,849 shares of the company's stock worth $72,000 after acquiring an additional 479 shares in the last quarter. Finally, Gilman Hill Asset Management LLC boosted its stake in shares of GXO Logistics by 13.6% in the first quarter. Gilman Hill Asset Management LLC now owns 98,168 shares of the company's stock valued at $3,836,000 after purchasing an additional 11,783 shares during the period. Institutional investors and hedge funds own 90.67% of the company's stock.

GXO Logistics Price Performance

Shares of NYSE:GXO traded down $0.71 during trading hours on Friday, hitting $43.03. 497,171 shares of the company's stock traded hands, compared to its average volume of 1,468,412. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 38.45, a price-to-earnings-growth ratio of 1.34 and a beta of 1.59. GXO Logistics, Inc. has a 52 week low of $30.46 and a 52 week high of $63.33. The company's fifty day simple moving average is $38.34 and its two-hundred day simple moving average is $41.79.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating 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 net margin of 1.14% and a return on equity of 11.16%. The firm's revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. As a group, equities analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Oppenheimer decreased their price target on shares of GXO Logistics from $67.00 to $55.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GXO Logistics in a research report on Friday, March 7th. They set a "hold" rating and a $45.00 price objective on the stock. Wells Fargo & Company dropped their price objective on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Morgan Stanley reduced their price objective on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Finally, Stifel Nicolaus reaffirmed a "buy" rating and set a $66.00 price target (down from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $54.57.

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.