Wealthquest Corp Takes $5.60 Million Position in GXO Logistics, Inc. (NYSE:GXO)

Wealthquest Corp bought a new position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 143,230 shares of the company's stock, valued at approximately $5,597,000. GXO Logistics accounts for approximately 0.5% of Wealthquest Corp's holdings, making the stock its 14th largest position. Wealthquest Corp owned approximately 0.12% of GXO Logistics as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of GXO Logistics by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company's stock valued at $492,977,000 after purchasing an additional 212,254 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of GXO Logistics by 3.8% in the fourth quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company's stock valued at $183,924,000 after purchasing an additional 153,522 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of GXO Logistics by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,798,170 shares of the company's stock valued at $121,718,000 after purchasing an additional 50,682 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in GXO Logistics by 28,112.6% during the fourth 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. Finally, Spruce House Investment Management LLC increased its holdings in GXO Logistics by 133.3% during the fourth quarter. Spruce House Investment Management LLC now owns 2,100,000 shares of the company's stock worth $91,350,000 after buying an additional 1,200,000 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Trading Up 1.9%

NYSE:GXO traded up $0.92 on Friday, reaching $49.01. 2,333,588 shares of the stock traded hands, compared to its average volume of 1,334,713. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 79.05, a price-to-earnings-growth ratio of 2.23 and a beta of 1.59. GXO Logistics, Inc. has a 1-year low of $30.46 and a 1-year high of $63.33. The company's 50 day moving average is $41.00 and its 200-day moving average is $41.06. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.88.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its 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 company had revenue of $2.98 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same period last year, the business earned $0.45 EPS. GXO Logistics's quarterly revenue was up 21.2% compared to the same quarter last year. Equities research analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of GXO Logistics in a report on Friday, March 7th. They issued a "hold" rating and a $45.00 price objective on the stock. Stifel Nicolaus upped their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Susquehanna reaffirmed a "positive" rating and set a $58.00 price objective (up previously from $57.00) on shares of GXO Logistics in a research report on Tuesday. Truist Financial cut their price objective on shares of GXO Logistics from $40.00 to $35.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Finally, Wells Fargo & Company upped their price objective on shares of GXO Logistics from $44.00 to $48.00 and gave the stock an "overweight" rating in a research report on Friday, June 20th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, GXO Logistics currently has an average rating of "Moderate Buy" and an average target price of $53.86.

GXO Logistics Profile

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.