Praxis Investment Management Inc. purchased a new stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,310 shares of the company's stock, valued at approximately $208,000.
A number of other hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in GXO Logistics by 57.0% in the first quarter. GAMMA Investing LLC now owns 832 shares of the company's stock valued at $33,000 after purchasing an additional 302 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in GXO Logistics in the 4th quarter valued at approximately $41,000. Summit Securities Group LLC boosted its position in GXO Logistics by 870.9% during the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock worth $44,000 after buying an additional 897 shares during the period. Quarry LP grew its holdings in GXO Logistics by 1,334.9% during the 4th quarter. Quarry LP now owns 1,234 shares of the company's stock worth $54,000 after acquiring an additional 1,148 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in GXO Logistics by 33.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company's stock valued at $60,000 after acquiring an additional 348 shares during the period. 90.67% of the stock is currently owned by institutional investors and hedge funds.
GXO Logistics Stock Up 1.9%
Shares of GXO traded up $0.92 during trading hours on Friday, reaching $49.01. The stock had a trading volume of 2,333,532 shares, compared to its average volume of 1,334,101. The firm has a 50-day simple moving average of $40.69 and a 200 day simple moving average of $41.06. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $63.33. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 79.05, a P/E/G ratio of 2.22 and a beta of 1.59.
GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.03. The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates 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 last year, the firm earned $0.45 earnings per share. Equities research analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
GXO has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft started coverage on GXO Logistics in a research report on Friday, March 7th. They set a "hold" rating and a $45.00 target price for the company. Stifel Nicolaus raised their price objective on GXO Logistics from $63.00 to $67.00 and gave the stock a "buy" rating in a research report on Monday. Wells Fargo & Company upped their price objective on shares of GXO Logistics from $44.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, June 20th. Citigroup decreased their price objective on shares of GXO Logistics from $51.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Truist Financial dropped their target price on shares of GXO Logistics from $40.00 to $35.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $53.86.
Check Out Our Latest Analysis on GXO
GXO Logistics Company Profile
(
Free Report)
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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