6,805 Shares in GXO Logistics, Inc. $GXO Purchased by Moody National Bank Trust Division

Moody National Bank Trust Division bought a new position in shares of GXO Logistics, Inc. (NYSE:GXO) in the second quarter, HoldingsChannel reports. The firm bought 6,805 shares of the company’s stock, valued at approximately $331,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. raised its position in GXO Logistics by 10.7% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,046 shares of the company’s stock worth $100,000 after acquiring an additional 197 shares during the last quarter. State of Michigan Retirement System raised its position in GXO Logistics by 1.1% during the first quarter. State of Michigan Retirement System now owns 28,627 shares of the company’s stock worth $1,119,000 after acquiring an additional 300 shares during the last quarter. Louisiana State Employees Retirement System raised its position in GXO Logistics by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 33,500 shares of the company’s stock worth $1,309,000 after acquiring an additional 300 shares during the last quarter. GAMMA Investing LLC raised its position in GXO Logistics by 57.0% during the first quarter. GAMMA Investing LLC now owns 832 shares of the company’s stock worth $33,000 after acquiring an additional 302 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of GXO Logistics by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 14,004 shares of the company’s stock valued at $547,000 after buying an additional 380 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Stock Performance

Shares of GXO opened at $49.66 on Friday. The firm has a 50-day moving average price of $51.51 and a 200 day moving average price of $44.43. The firm has a market capitalization of $5.68 billion, a PE ratio of 93.70, a P/E/G ratio of 1.99 and a beta of 1.65. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.87. GXO Logistics, Inc. has a 52-week low of $30.46 and a 52-week high of $63.33.

GXO Logistics (NYSE:GXO) last announced its earnings results on Tuesday, August 5th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.09 billion. GXO Logistics had a net margin of 0.50% and a return on equity of 10.45%. GXO Logistics’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. On average, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GXO has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. UBS Group upped their price target on shares of GXO Logistics from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Truist Financial upgraded shares of GXO Logistics from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $48.00 to $62.00 in a research note on Friday, July 11th. Oppenheimer boosted their price objective on shares of GXO Logistics from $55.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Finally, Barclays upped their target price on shares of GXO Logistics from $45.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, July 10th. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.50.

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.