GXO Logistics, Inc. (NYSE:GXO) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. raised its stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 3.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,126,959 shares of the company's stock after purchasing an additional 33,320 shares during the period. Federated Hermes Inc. owned 0.95% of GXO Logistics worth $68,925,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Parkside Financial Bank & Trust lifted its position in shares of GXO Logistics by 217.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 425 shares of the company's stock valued at $27,000 after buying an additional 291 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of GXO Logistics in the third quarter worth $31,000. Geneos Wealth Management Inc. purchased a new stake in shares of GXO Logistics in the first quarter worth $39,000. Nomura Asset Management Co. Ltd. raised its position in shares of GXO Logistics by 58.2% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 870 shares of the company's stock valued at $44,000 after purchasing an additional 320 shares during the period. Finally, Coppell Advisory Solutions LLC bought a new position in GXO Logistics in the 2nd quarter worth $48,000. Institutional investors own 90.67% of the company's stock.

Insider Buying and Selling

In related news, Director Gena L. Ashe sold 4,737 shares of GXO Logistics stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $50.00, for a total transaction of $236,850.00. Following the completion of the transaction, the director now directly owns 20,851 shares of the company's stock, valued at approximately $1,042,550. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.

GXO Logistics Price Performance

Shares of GXO Logistics stock traded up $1.55 during trading hours on Friday, reaching $49.71. The company's stock had a trading volume of 959,497 shares, compared to its average volume of 882,050. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.98 and a quick ratio of 0.98. GXO Logistics, Inc. has a one year low of $48.11 and a one year high of $67.57. The firm has a 50 day moving average price of $51.53 and a 200-day moving average price of $54.72. The stock has a market cap of $5.94 billion, a P/E ratio of 26.03, a P/E/G ratio of 2.06 and a beta of 1.64.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. The company had revenue of $2.59 billion for the quarter, compared to analysts' expectations of $2.55 billion. GXO Logistics had a return on equity of 10.94% and a net margin of 2.34%. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 earnings per share. On average, analysts predict that GXO Logistics, Inc. will post 2.77 EPS for the current year.

Analyst Ratings Changes

GXO has been the subject of a number of recent analyst reports. TD Cowen upped their price objective on GXO Logistics from $70.00 to $78.00 and gave the stock an "outperform" rating in a research note on Thursday, February 15th. Stifel Nicolaus upped their price target on GXO Logistics from $69.00 to $75.00 and gave the stock a "buy" rating in a research note on Wednesday, January 10th. Loop Capital cut their price objective on shares of GXO Logistics from $76.00 to $74.00 and set a "buy" rating for the company in a report on Thursday. JPMorgan Chase & Co. lowered their target price on shares of GXO Logistics from $67.00 to $65.00 and set an "overweight" rating on the stock in a report on Tuesday, April 9th. Finally, Citigroup dropped their target price on shares of GXO Logistics from $66.00 to $64.00 and set a "buy" rating for the company in a research report on Thursday, February 15th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $69.54.

GXO Logistics Company 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.