GXO Logistics, Inc. $GXO Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund increased its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 22.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,492 shares of the company’s stock after purchasing an additional 46,853 shares during the quarter. New York State Common Retirement Fund owned approximately 0.23% of GXO Logistics worth $13,725,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chapman Financial Group LLC purchased a new stake in GXO Logistics in the 2nd quarter worth approximately $34,000. Farther Finance Advisors LLC grew its holdings in GXO Logistics by 177.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 767 shares of the company’s stock valued at $41,000 after buying an additional 491 shares during the period. Hantz Financial Services Inc. lifted its holdings in shares of GXO Logistics by 1,964.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 929 shares of the company’s stock worth $45,000 after acquiring an additional 884 shares during the period. Quent Capital LLC acquired a new stake in shares of GXO Logistics in the third quarter worth approximately $50,000. Finally, GAMMA Investing LLC grew its holdings in GXO Logistics by 28.2% in the third quarter. GAMMA Investing LLC now owns 1,429 shares of the company’s stock valued at $76,000 after purchasing an additional 314 shares during the period. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other GXO Logistics news, Director Todd C. Cooper acquired 6,000 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The stock was acquired at an average cost of $50.59 per share, with a total value of $303,540.00. Following the acquisition, the director directly owned 10,040 shares of the company’s stock, valued at $507,923.60. This represents a 148.51% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GXO shares. JPMorgan Chase & Co. increased their target price on GXO Logistics from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Wells Fargo & Company lifted their target price on shares of GXO Logistics from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Weiss Ratings upgraded GXO Logistics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 21st. Susquehanna increased their price objective on shares of GXO Logistics from $64.00 to $80.00 and gave the company a “positive” rating in a research report on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Thursday, November 6th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $65.67.

GXO Logistics Price Performance

Shares of NYSE:GXO opened at $57.00 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.73. The firm has a 50-day simple moving average of $54.34 and a 200 day simple moving average of $52.81. GXO Logistics, Inc. has a fifty-two week low of $30.46 and a fifty-two week high of $58.21. The company has a market cap of $6.53 billion, a PE ratio of 75.00, a P/E/G ratio of 1.86 and a beta of 1.64.

GXO Logistics (NYSE:GXO) last posted its earnings results on Tuesday, November 4th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. The company had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.39 billion. GXO Logistics had a return on equity of 10.45% and a net margin of 0.69%.The business’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.79 earnings per share. On average, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current year.

About GXO Logistics

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.