Universal Beteiligungs und Servicegesellschaft mbH Takes $4.19 Million Position in GXO Logistics, Inc. (NYSE:GXO)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 107,213 shares of the company's stock, valued at approximately $4,190,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of GXO Logistics as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Michigan Retirement System raised its stake in shares of GXO Logistics by 1.1% during the first quarter. State of Michigan Retirement System now owns 28,627 shares of the company's stock valued at $1,119,000 after acquiring an additional 300 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of GXO Logistics by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 33,500 shares of the company's stock valued at $1,309,000 after acquiring an additional 300 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of GXO Logistics by 57.0% during the first quarter. GAMMA Investing LLC now owns 832 shares of the company's stock valued at $33,000 after acquiring an additional 302 shares during the last quarter. Treasurer of the State of North Carolina raised 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 valued at $2,245,000 after acquiring an additional 330 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of GXO Logistics by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 14,004 shares of the company's stock valued at $547,000 after acquiring an additional 380 shares during the last quarter. 90.67% of the stock is owned by institutional investors.

GXO Logistics Stock Performance

GXO traded down $1.08 during trading on Friday, hitting $48.63. The company's stock had a trading volume of 332,778 shares, compared to its average volume of 1,448,099. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.88. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $63.33. The firm has a market cap of $5.56 billion, a PE ratio of 78.40, a P/E/G ratio of 1.82 and a beta of 1.64. The business's 50 day simple moving average is $47.08 and its 200-day simple moving average is $42.14.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays upped their price objective on shares of GXO Logistics from $45.00 to $52.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Citigroup increased their price target on shares of GXO Logistics from $56.00 to $59.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Stifel Nicolaus increased their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Susquehanna reissued a "positive" rating and issued a $58.00 price target (up from $57.00) on shares of GXO Logistics in a research note on Tuesday, June 24th. Finally, Truist Financial raised shares of GXO Logistics from a "hold" rating to a "buy" rating and increased their price target for the stock from $48.00 to $62.00 in a research note on Friday, July 11th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock 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.