Stablepoint Partners LLC Has $692,000 Stock Position in GXO Logistics, Inc. (NYSE:GXO)

Stablepoint Partners LLC raised its holdings in GXO Logistics, Inc. (NYSE:GXO) by 4.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 15,916 shares of the company’s stock after purchasing an additional 637 shares during the period. Stablepoint Partners LLC’s holdings in GXO Logistics were worth $692,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GXO. DekaBank Deutsche Girozentrale bought a new stake in shares of GXO Logistics during the 3rd quarter valued at approximately $28,000. UMB Bank n.a. increased its holdings in shares of GXO Logistics by 111.4% during the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after buying an additional 331 shares in the last quarter. Signaturefd LLC lifted its stake in shares of GXO Logistics by 37.2% in the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after acquiring an additional 249 shares during the last quarter. Hara Capital LLC acquired a new stake in shares of GXO Logistics during the 3rd quarter valued at $50,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in GXO Logistics by 37.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock worth $54,000 after acquiring an additional 282 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays cut their price target on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. Oppenheimer upped their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group reduced their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. TD Cowen raised their target price on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Citigroup initiated coverage on GXO Logistics in a research note on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price target for the company. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $65.38.

GXO Logistics Stock Performance

NYSE:GXO opened at $45.19 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. GXO Logistics, Inc. has a twelve month low of $41.38 and a twelve month high of $63.33. The company has a fifty day moving average of $48.72 and a 200-day moving average of $51.93. The firm has a market capitalization of $5.40 billion, a P/E ratio of 50.21, a P/E/G ratio of 1.23 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.01. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 earnings per share. As a group, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.73 EPS for the current year.

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.