Bridges Investment Management Inc. Purchases New Position in GXO Logistics, Inc. (NYSE:GXO)

Bridges Investment Management Inc. purchased a new stake in GXO Logistics, Inc. (NYSE:GXO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,206 shares of the company’s stock, valued at approximately $313,000.

Several other large investors have also added to or reduced their stakes in GXO. Jump Financial LLC bought a new position in GXO Logistics in the 4th quarter valued at about $203,000. Norges Bank bought a new position in GXO Logistics in the 4th quarter valued at about $65,002,000. UBS Group AG lifted its position in GXO Logistics by 14.3% in the 4th quarter. UBS Group AG now owns 135,367 shares of the company’s stock valued at $8,279,000 after acquiring an additional 16,898 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in shares of GXO Logistics by 6.1% during the 4th quarter. Coldstream Capital Management Inc. now owns 4,477 shares of the company’s stock worth $274,000 after buying an additional 258 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of GXO Logistics by 7.2% during the 4th quarter. US Bancorp DE now owns 24,188 shares of the company’s stock worth $1,479,000 after buying an additional 1,630 shares in the last quarter. Institutional investors own 90.67% of the company’s stock.

Analysts Set New Price Targets

GXO has been the topic of several recent analyst reports. Wells Fargo & Company initiated coverage on shares of GXO Logistics in a research report on Friday, June 7th. They set an “overweight” rating and a $58.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on shares of GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Finally, UBS Group dropped their target price on shares of GXO Logistics from $71.00 to $66.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $67.45.

GXO Logistics Trading Down 2.6 %

NYSE:GXO opened at $51.51 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $6.15 billion, a PE ratio of 37.06, a price-to-earnings-growth ratio of 1.46 and a beta of 1.58. The firm’s 50 day moving average is $50.72 and its 200 day moving average is $50.47. GXO Logistics, Inc. has a 12 month low of $46.07 and a 12 month high of $63.07.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.73 billion. GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period last year, the firm posted $0.70 EPS. Sell-side analysts expect that GXO Logistics, Inc. will post 2.79 earnings per share for the current 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.