Janney Capital Management LLC Takes Position in GXO Logistics, Inc. $GXO

Key Points

• Janney Capital Management LLC acquired 7,770 shares of GXO Logistics, Inc. worth approximately $378,000, as reported in its recent SEC filing.
• GXO Logistics reported $0.57 earnings per share for the last quarter, beating analysts' expectations, with a revenue of $3.30 billion, a 15.9% increase year-over-year.
• Analyst ratings are generally positive for GXO, with a consensus rating of "Moderate Buy" and an average target price of $60.50.

Janney Capital Management LLC bought a new position in GXO Logistics, Inc. (NYSE:GXO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,770 shares of the company's stock, valued at approximately $378,000.

Several other hedge funds and other institutional investors have also bought and sold shares of GXO. GAMMA Investing LLC raised its stake in shares of GXO Logistics by 6,034.9% during the first quarter. GAMMA Investing LLC now owns 32,515 shares of the company's stock worth $12,710,000 after acquiring an additional 31,985 shares in the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in GXO Logistics during the 1st quarter valued at about $426,000. Gilman Hill Asset Management LLC grew its position in GXO Logistics by 13.6% during the 1st quarter. Gilman Hill Asset Management LLC now owns 98,168 shares of the company's stock worth $3,836,000 after acquiring an additional 11,783 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in GXO Logistics by 35.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,849 shares of the company's stock worth $72,000 after purchasing an additional 479 shares during the period. Finally, Reinhart Partners LLC. boosted its stake in shares of GXO Logistics by 21.0% during the first quarter. Reinhart Partners LLC. now owns 726,022 shares of the company's stock valued at $28,373,000 after purchasing an additional 125,886 shares during the period. Hedge funds and other institutional investors own 90.67% of the company's stock.

GXO Logistics Stock Performance

Shares of GXO opened at $52.88 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.87. The stock has a market cap of $6.05 billion, a P/E ratio of 99.78, a P/E/G ratio of 2.12 and a beta of 1.65. The business's 50 day moving average price is $51.61 and its 200-day moving average price is $45.09. GXO Logistics, Inc. has a 52 week low of $30.46 and a 52 week high of $63.33.

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

Analyst Ratings Changes

GXO has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on shares of GXO Logistics from $56.00 to $65.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Truist Financial raised shares of GXO Logistics from a "hold" rating to a "buy" rating and raised their price target for the stock from $48.00 to $62.00 in a report on Friday, July 11th. Susquehanna upped their price objective on shares of GXO Logistics from $58.00 to $60.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. UBS Group raised their target price on GXO Logistics from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, Barclays upped their price target on GXO Logistics from $45.00 to $52.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, GXO Logistics presently has a consensus rating of "Moderate Buy" and an average target price of $60.50.

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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