M&T Bank Corp Raises Position in GXO Logistics, Inc. $GXO

Key Points

• M&T Bank Corp boosted its stake in GXO Logistics by 7,226.9%, buying an additional 307,071 shares to hold 311,320 shares worth about $16.39M (≈0.27% of the company) in Q4 per its 13F filing.
• Analysts are largely positive—ten Buys, two Holds and one Sell yield a consensus rating of "Moderate Buy" with an average price target of $69.17, and several firms recently raised targets into the $70–$75 range.
• GXO trades with a market cap of $6.5B and a high P/E (188.85); it recently beat quarterly EPS and revenue estimates ($0.87 vs. $0.83 EPS; $3.51B vs. $3.48B revenue) with revenue up 7.9% year-over-year.

M&T Bank Corp boosted its stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 7,226.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 311,320 shares of the company's stock after purchasing an additional 307,071 shares during the quarter. M&T Bank Corp owned about 0.27% of GXO Logistics worth $16,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP raised its stake in GXO Logistics by 175.0% in the third quarter. Allworth Financial LP now owns 517 shares of the company's stock valued at $27,000 after purchasing an additional 329 shares in the last quarter. Accredited Wealth Management LLC raised its stake in GXO Logistics by 1,100.0% in the third quarter. Accredited Wealth Management LLC now owns 600 shares of the company's stock valued at $32,000 after purchasing an additional 550 shares in the last quarter. Chapman Financial Group LLC purchased a new stake in GXO Logistics in the second quarter valued at approximately $34,000. Farther Finance Advisors LLC raised its stake in GXO Logistics by 177.9% in the third quarter. Farther Finance Advisors LLC now owns 767 shares of the company's stock valued at $41,000 after purchasing an additional 491 shares in the last quarter. Finally, Quent Capital LLC purchased a new stake in GXO Logistics in the third quarter valued at approximately $50,000. 90.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Oppenheimer reaffirmed an "outperform" rating and issued a $70.00 target price on shares of GXO Logistics in a research note on Thursday, February 12th. The Goldman Sachs Group downgraded GXO Logistics from a "buy" rating to a "neutral" rating and set a $68.00 price target on the stock. in a research report on Wednesday, March 4th. UBS Group raised their price target on GXO Logistics from $63.00 to $74.00 and gave the company a "buy" rating in a research report on Thursday, February 12th. Wells Fargo & Company raised their price target on GXO Logistics from $65.00 to $70.00 and gave the company an "overweight" rating in a research report on Thursday, February 12th. Finally, Morgan Stanley restated an "overweight" rating and set a $75.00 price target on shares of GXO Logistics in a research report on Tuesday, February 17th. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $69.17.

GXO Logistics Trading Down 1.2%

GXO stock opened at $56.65 on Friday. The company has a market capitalization of $6.50 billion, a PE ratio of 188.85, a price-to-earnings-growth ratio of 1.94 and a beta of 1.66. GXO Logistics, Inc. has a one year low of $34.80 and a one year high of $66.85. The company's 50 day moving average price is $56.93 and its two-hundred day moving average price is $55.05. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.85 and a current ratio of 0.85.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. The firm had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.48 billion. GXO Logistics had a net margin of 0.24% and a return on equity of 9.83%. The business's revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $1.00 earnings per share. As a group, analysts predict that GXO Logistics, Inc. will post 3 earnings per share for the current fiscal year.

GXO Logistics Profile

GXO Logistics NYSE: GXO is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.

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