Vanguard Personalized Indexing Management LLC Boosts Stock Position in GXO Logistics, Inc. (NYSE:GXO)

Vanguard Personalized Indexing Management LLC lifted its position in GXO Logistics, Inc. (NYSE:GXO) by 43.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,156 shares of the company’s stock after purchasing an additional 4,618 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in GXO Logistics were worth $765,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mather Group LLC. boosted its holdings in shares of GXO Logistics by 170.7% in the 2nd quarter. Mather Group LLC. now owns 1,110 shares of the company’s stock worth $60,000 after purchasing an additional 700 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of GXO Logistics by 920.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,276 shares of the company’s stock worth $64,000 after purchasing an additional 1,151 shares in the last quarter. Motco boosted its holdings in GXO Logistics by 2,836.4% during the 1st quarter. Motco now owns 1,292 shares of the company’s stock valued at $69,000 after acquiring an additional 1,248 shares during the period. Smithfield Trust Co boosted its holdings in GXO Logistics by 16.5% during the 1st quarter. Smithfield Trust Co now owns 1,378 shares of the company’s stock valued at $73,000 after acquiring an additional 195 shares during the period. Finally, LRI Investments LLC purchased a new stake in GXO Logistics during the 1st quarter valued at about $80,000. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GXO shares. JPMorgan Chase & Co. increased their target price on GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, July 9th. Wells Fargo & Company started coverage on GXO Logistics in a report on Friday, June 7th. They set an “overweight” rating and a $58.00 target price for the company. Finally, UBS Group dropped their target price on GXO Logistics from $71.00 to $66.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, GXO Logistics currently has an average rating of “Moderate Buy” and an average target price of $67.45.

GXO Logistics Trading Down 0.7 %

NYSE GXO opened at $51.49 on Wednesday. GXO Logistics, Inc. has a fifty-two week low of $46.07 and a fifty-two week high of $63.07. The stock has a market cap of $6.15 billion, a P/E ratio of 37.04, a price-to-earnings-growth ratio of 1.46 and a beta of 1.58. The stock has a 50 day simple moving average of $50.60 and a two-hundred day simple moving average of $50.51. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.86 and a current ratio of 0.86.

GXO Logistics (NYSE:GXO) last announced its earnings results on Tuesday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02). GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the company posted $0.70 EPS. The firm’s revenue was up 18.9% on a year-over-year basis. On average, analysts forecast 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.