143,230 Shares in GXO Logistics, Inc. (NYSE:GXO) Purchased by Wealthquest Corp

Key Points

• Wealthquest Corp invested approximately $5.60 million in GXO Logistics by purchasing 143,230 shares in the company's stock during the 1st quarter.
• Institutional investors hold 90.67% of GXO Logistics, with notable increases in holdings from Natixis Advisors LLC and Arkadios Wealth Advisors.
• GXO Logistics reported a 21.2% increase in revenue year-over-year for the quarter, with earnings per share surpassing analysts' estimates at $0.29.

Wealthquest Corp bought a new position in GXO Logistics, Inc. (NYSE:GXO - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 143,230 shares of the company's stock, valued at approximately $5,597,000. Wealthquest Corp owned about 0.12% of GXO Logistics at the end of the most recent quarter.

Several other large investors have also modified their holdings of GXO. Vanguard Group Inc. increased its position in shares of GXO Logistics by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company's stock valued at $492,977,000 after acquiring an additional 212,254 shares during the period. Dimensional Fund Advisors LP grew its position in shares of GXO Logistics by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,798,170 shares of the company's stock valued at $121,718,000 after acquiring an additional 50,682 shares during the period. Kovitz Investment Group Partners LLC boosted its holdings in GXO Logistics by 28,112.6% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company's stock worth $114,036,000 after buying an additional 2,612,223 shares during the last quarter. Spruce House Investment Management LLC lifted its stake in GXO Logistics by 133.3% in the 4th quarter. Spruce House Investment Management LLC now owns 2,100,000 shares of the company's stock worth $91,350,000 after purchasing an additional 1,200,000 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of GXO Logistics by 66.2% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,819,395 shares of the company's stock valued at $71,102,000 after buying an additional 724,535 shares during the period. Hedge funds and other institutional investors own 90.67% of the company's stock.

Wall Street Analysts Forecast Growth

GXO has been the subject of several research reports. Susquehanna restated a "positive" rating and issued a $58.00 price target (up previously from $57.00) on shares of GXO Logistics in a research note on Tuesday, June 24th. Truist Financial upgraded shares of GXO Logistics from a "hold" rating to a "buy" rating and increased their price target for the company from $48.00 to $62.00 in a research report on Friday, July 11th. Wells Fargo & Company increased their price target on shares of GXO Logistics from $48.00 to $57.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. JPMorgan Chase & Co. lifted their price target on shares of GXO Logistics from $52.00 to $56.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Finally, Stifel Nicolaus boosted their target price on shares of GXO Logistics from $63.00 to $67.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, GXO Logistics currently has an average rating of "Moderate Buy" and a consensus target price of $57.43.

GXO Logistics Price Performance

GXO traded up $0.33 during midday trading on Monday, hitting $48.40. The company had a trading volume of 828,871 shares, compared to its average volume of 1,448,182. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market capitalization of $5.54 billion, a PE ratio of 78.06, a P/E/G ratio of 1.75 and a beta of 1.64. GXO Logistics, Inc. has a twelve month low of $30.46 and a twelve month high of $63.33. The firm's 50-day simple moving average is $47.25 and its 200-day simple moving average is $42.13.

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, 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 analyst estimates of $2.94 billion. During the same quarter last year, the firm earned $0.45 EPS. GXO Logistics's quarterly revenue was up 21.2% compared to the same quarter last year. Equities research analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

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.