Harel Insurance Investments & Financial Services Ltd. Boosts Stock Position in GXO Logistics, Inc. (NYSE:GXO)

Harel Insurance Investments & Financial Services Ltd. raised its stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 80.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 809,811 shares of the company's stock after purchasing an additional 361,339 shares during the quarter. Harel Insurance Investments & Financial Services Ltd. owned 0.69% of GXO Logistics worth $31,647,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Arizona State Retirement System grew its position in GXO Logistics by 0.8% in the 4th quarter. Arizona State Retirement System now owns 34,671 shares of the company's stock valued at $1,508,000 after buying an additional 281 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of GXO Logistics by 57.0% in the 1st quarter. GAMMA Investing LLC now owns 832 shares of the company's stock worth $33,000 after acquiring an additional 302 shares during the period. Treasurer of the State of North Carolina increased its stake in shares of GXO Logistics by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 51,616 shares of the company's stock worth $2,245,000 after acquiring an additional 330 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in GXO Logistics by 33.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company's stock worth $60,000 after purchasing an additional 348 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in GXO Logistics by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 14,004 shares of the company's stock valued at $547,000 after purchasing an additional 380 shares during the period. Institutional investors and hedge funds own 90.67% of the company's stock.

GXO Logistics Trading Up 1.0%

Shares of GXO stock opened at $51.05 on Friday. The firm's 50-day simple moving average is $42.21 and its 200-day simple moving average is $41.09. 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 1-year low of $30.46 and a 1-year high of $63.33. The firm has a market cap of $5.84 billion, a P/E ratio of 82.34, a PEG ratio of 2.34 and a beta of 1.64.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. The company had revenue of $2.98 billion during the quarter, compared to analysts' expectations of $2.94 billion. GXO Logistics had a net margin of 0.61% and a return on equity of 10.49%. The business's quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 EPS. As a group, equities analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on GXO. Citigroup reduced their target price on GXO Logistics from $51.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of GXO Logistics in a report on Friday, March 7th. They issued a "hold" rating and a $45.00 target price for the company. Susquehanna reissued a "positive" rating and set a $58.00 price target (up previously from $57.00) on shares of GXO Logistics in a research note on Tuesday, June 24th. Truist Financial raised their price objective on GXO Logistics from $40.00 to $48.00 and gave the company a "hold" rating in a research note on Monday. Finally, Wells Fargo & Company boosted their target price on GXO Logistics from $44.00 to $48.00 and gave the stock an "overweight" rating in a research report on Friday, June 20th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, GXO Logistics has an average rating of "Moderate Buy" and an average price target of $54.79.

About GXO Logistics

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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