GXO Logistics (NYSE:GXO) Reaches New 52-Week Low – Here’s What Happened

GXO Logistics, Inc. (NYSE:GXO)’s share price reached a new 52-week low on Monday . The company traded as low as $44.99 and last traded at $45.5150, with a volume of 36972 shares traded. The stock had previously closed at $45.84.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GXO shares. Stephens began coverage on GXO Logistics in a report on Wednesday, July 8th. They issued an “overweight” rating and a $75.00 target price for the company. Weiss Ratings raised GXO Logistics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Morgan Stanley lifted their price objective on GXO Logistics from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Citizens Jmp initiated coverage on shares of GXO Logistics in a research note on Wednesday, July 15th. They set a “market perform” rating and a $80.00 target price on the stock. Finally, Citigroup initiated coverage on shares of GXO Logistics in a report on Wednesday, July 15th. They issued a “market outperform” rating on the stock. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $63.93.

GXO Logistics Price Performance

The stock has a fifty day simple moving average of $49.04 and a 200-day simple moving average of $51.27. The company has a market capitalization of $5.35 billion, a PE ratio of 41.27, a P/E/G ratio of 1.46 and a beta of 1.54. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The business had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.46 billion. GXO Logistics had a return on equity of 10.57% and a net margin of 0.96%.The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.57 EPS. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. Equities analysts anticipate that GXO Logistics, Inc. will post 3.06 earnings per share for the current year.

Institutional Trading of GXO Logistics

Several institutional investors have recently modified their holdings of GXO. Dimensional Fund Advisors LP boosted its holdings in shares of GXO Logistics by 8.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,866,867 shares of the company’s stock valued at $252,318,000 after buying an additional 371,391 shares in the last quarter. Focus Partners Wealth purchased a new stake in GXO Logistics in the fourth quarter valued at $181,648,000. Geode Capital Management LLC boosted its stake in GXO Logistics by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 2,032,068 shares of the company’s stock valued at $106,991,000 after acquiring an additional 21,933 shares in the last quarter. Norges Bank purchased a new position in shares of GXO Logistics during the fourth quarter worth about $57,598,000. Finally, Summitry LLC grew its holdings in shares of GXO Logistics by 0.3% during the fourth quarter. Summitry LLC now owns 894,593 shares of the company’s stock worth $47,091,000 after purchasing an additional 2,479 shares during the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

About GXO Logistics

GXO Logistics, Inc (NYSE:GXO) is a global contract logistics company that manages supply chain operations for businesses across a range of industries. Its services include warehousing, distribution, order fulfillment, inventory management, transportation management and reverse logistics.

The company uses technology, automation and data analytics to operate logistics facilities and support the movement of goods from manufacturers and suppliers to retailers, businesses and consumers. GXO serves customers in sectors such as retail and e-commerce, consumer goods, food and beverage, technology, healthcare, industrial manufacturing and automotive.

GXO was established as an independent public company in 2021 through the spin-off of XPO, Inc’s logistics business.