Teacher Retirement System of Texas Invests $683,000 in GXO Logistics, Inc. (NYSE:GXO)

Teacher Retirement System of Texas purchased a new stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 17,467 shares of the company's stock, valued at approximately $683,000.

A number of other large investors have also made changes to their positions in GXO. Proficio Capital Partners LLC bought a new stake in shares of GXO Logistics during the 4th quarter valued at about $1,255,000. Swiss National Bank grew its stake in shares of GXO Logistics by 0.7% during the 4th quarter. Swiss National Bank now owns 234,913 shares of the company's stock valued at $10,219,000 after acquiring an additional 1,600 shares during the period. Natixis Advisors LLC grew its stake in shares of GXO Logistics by 1,106.1% during the 4th quarter. Natixis Advisors LLC now owns 212,171 shares of the company's stock valued at $9,229,000 after acquiring an additional 194,580 shares during the period. RD Lewis Holdings Inc. bought a new position in shares of GXO Logistics during the 4th quarter valued at approximately $237,000. Finally, Retirement Planning Co of New England Inc. grew its stake in shares of GXO Logistics by 13.4% during the 4th quarter. Retirement Planning Co of New England Inc. now owns 14,916 shares of the company's stock valued at $649,000 after acquiring an additional 1,761 shares during the period. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Stock Down 1.6%

Shares of GXO traded down $0.80 during midday trading on Friday, reaching $50.60. 73,234 shares of the stock were exchanged, compared to its average volume of 1,491,739. GXO Logistics, Inc. has a 52 week low of $30.46 and a 52 week 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's 50 day moving average is $45.04 and its two-hundred day moving average is $41.64. The company has a market capitalization of $5.79 billion, a P/E ratio of 81.61, a PEG ratio of 1.88 and a beta of 1.64.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.03. GXO Logistics had a return on equity of 10.49% and a net margin of 0.61%. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the company earned $0.45 EPS. The business's revenue was up 21.2% compared to the same quarter last year. On average, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GXO shares. Truist Financial upgraded GXO Logistics from a "hold" rating to a "buy" rating and boosted their price objective for the company from $48.00 to $62.00 in a research note on Friday, July 11th. Stifel Nicolaus boosted their price objective on GXO Logistics from $63.00 to $67.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Barclays boosted their price objective on GXO Logistics from $45.00 to $52.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. boosted their price target on GXO Logistics from $52.00 to $56.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Finally, Citigroup boosted their price target on GXO Logistics from $56.00 to $59.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, GXO Logistics presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.43.

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.