GXO Logistics, Inc. (NYSE:GXO) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 3.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 103,523 shares of the company’s stock after buying an additional 3,719 shares during the quarter. Cerity Partners LLC’s holdings in GXO Logistics were worth $5,390,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new position in shares of GXO Logistics in the 3rd quarter worth approximately $28,000. UMB Bank n.a. grew its position in GXO Logistics by 111.4% in the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after buying an additional 331 shares during the last quarter. Signaturefd LLC increased its holdings in shares of GXO Logistics by 37.2% in the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after buying an additional 249 shares in the last quarter. Hara Capital LLC acquired a new stake in shares of GXO Logistics during the 3rd quarter valued at $50,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of GXO Logistics by 37.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock worth $54,000 after acquiring an additional 282 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GXO has been the topic of a number of recent analyst reports. TD Cowen boosted their target price on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Citigroup initiated coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective for the company. Barclays lifted their target price on shares of GXO Logistics from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. UBS Group upped their price target on shares of GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Oppenheimer lifted their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $67.00.

GXO Logistics Stock Performance

Shares of GXO stock opened at $60.35 on Friday. The firm has a market cap of $7.21 billion, a P/E ratio of 67.06, a PEG ratio of 1.85 and a beta of 1.55. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. GXO Logistics, Inc. has a fifty-two week low of $46.07 and a fifty-two week high of $63.33. The stock’s 50-day moving average is $57.62 and its two-hundred day moving average is $52.88.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Monday, November 4th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The firm’s revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 earnings per share. Analysts predict that GXO Logistics, Inc. will post 2.77 earnings per share for the current fiscal year.

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.