Sigma Investment Counselors Inc. Purchases Shares of 13,259 GXO Logistics, Inc. (NYSE:GXO)

Sigma Investment Counselors Inc. acquired a new position in shares of GXO Logistics, Inc. (NYSE:GXOGet Rating) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,259 shares of the company’s stock, valued at approximately $574,000.

Several other large investors have also modified their holdings of the stock. Prospera Financial Services Inc purchased a new stake in shares of GXO Logistics during the first quarter worth $31,000. Point72 Hong Kong Ltd bought a new stake in shares of GXO Logistics during the fourth quarter valued at approximately $37,000. Geneos Wealth Management Inc. bought a new position in GXO Logistics in the first quarter worth $39,000. Herold Advisors Inc. bought a new position in GXO Logistics in the first quarter worth $54,000. Finally, ACG Wealth acquired a new position in GXO Logistics during the second quarter worth $69,000. 83.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GXO has been the subject of a number of research reports. Oppenheimer lowered their target price on GXO Logistics from $91.00 to $78.00 in a research note on Wednesday, August 10th. JPMorgan Chase & Co. cut their price objective on GXO Logistics from $83.00 to $68.00 and set an “overweight” rating on the stock in a report on Tuesday, July 12th. Barclays reduced their target price on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Tuesday, July 12th. Cowen increased their target price on shares of GXO Logistics from $64.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, August 4th. Finally, Susquehanna increased their target price on shares of GXO Logistics from $61.00 to $65.00 in a report on Thursday, August 4th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, GXO Logistics currently has an average rating of “Moderate Buy” and a consensus price target of $80.65.

GXO Logistics Stock Performance

GXO Logistics stock traded down $1.89 during midday trading on Friday, hitting $36.81. The company’s stock had a trading volume of 21,773 shares, compared to its average volume of 1,200,988. GXO Logistics, Inc. has a 1-year low of $38.08 and a 1-year high of $105.92. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.95 and a quick ratio of 0.95. The company has a 50-day moving average price of $45.49 and a two-hundred day moving average price of $53.31. The company has a market cap of $4.37 billion and a price-to-earnings ratio of 20.81.

GXO Logistics (NYSE:GXOGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.05. GXO Logistics had a net margin of 2.55% and a return on equity of 12.25%. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.11 billion. As a group, sell-side analysts predict that GXO Logistics, Inc. will post 2.82 earnings per share for the current year.

Insider Buying and Selling at GXO Logistics

In other GXO Logistics news, Director S Jacobs Bradley sold 5,167,500 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $48.35, for a total value of $249,848,625.00. Following the transaction, the director now directly owns 1,300,701 shares of the company’s stock, valued at approximately $62,888,893.35. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 11.10% of the company’s stock.

About GXO Logistics

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GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, and other supply chain services, as well as reverse logistics or returns management services. As of December 31, 2021, it operated in approximately 906 facilities.

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Institutional Ownership by Quarter for GXO Logistics (NYSE:GXO)

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