Texas Permanent School Fund Has $3.40 Million Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Posted by on May 8th, 2023

Texas Permanent School Fund lessened its position in shares of GXO Logistics, Inc. (NYSE:GXO – Get Rating) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,697 shares of the company’s stock after selling 5,611 shares during the quarter. Texas Permanent School Fund owned about 0.07% of GXO Logistics worth $3,402,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in GXO. Signaturefd LLC lifted its stake in shares of GXO Logistics by 186.6% during the fourth quarter. Signaturefd LLC now owns 599 shares of the company’s stock valued at $26,000 after acquiring an additional 390 shares during the period. Wipfli Financial Advisors LLC bought a new stake in shares of GXO Logistics in the third quarter worth about $30,000. HBK Sorce Advisory LLC bought a new stake in shares of GXO Logistics in the third quarter worth about $31,000. Fifth Third Bancorp increased its holdings in shares of GXO Logistics by 93.6% in the third quarter. Fifth Third Bancorp now owns 904 shares of the company’s stock worth $32,000 after acquiring an additional 437 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of GXO Logistics by 88.7% in the third quarter. CWM LLC now owns 955 shares of the company’s stock worth $33,000 after acquiring an additional 449 shares in the last quarter. Institutional investors and hedge funds own 99.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on GXO shares. Jefferies Financial Group increased their price target on GXO Logistics from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, January 13th. The Goldman Sachs Group increased their price objective on GXO Logistics from $52.00 to $55.00 in a report on Wednesday, February 15th. Deutsche Bank Aktiengesellschaft increased their price objective on GXO Logistics from $53.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, January 13th. Loop Capital increased their price objective on GXO Logistics from $67.00 to $74.00 in a report on Friday, January 13th. Finally, Susquehanna increased their price target on GXO Logistics from $53.00 to $62.00 and gave the company a “positive” rating in a research report on Thursday, January 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, GXO Logistics currently has a consensus rating of “Moderate Buy” and an average target price of $60.56.

GXO Logistics Stock Performance

NYSE:GXO opened at $52.50 on Monday. The stock has a market cap of $6.24 billion, a P/E ratio of 31.25, a PEG ratio of 1.83 and a beta of 1.69. The stock has a 50 day simple moving average of $49.63 and a 200 day simple moving average of $46.94. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.65. GXO Logistics, Inc. has a 1-year low of $32.10 and a 1-year high of $61.84.

GXO Logistics (NYSE:GXO – Get Rating) last released its quarterly earnings results on Tuesday, February 14th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.07. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.44 billion. GXO Logistics had a return on equity of 13.12% and a net margin of 2.19%. Research analysts anticipate that GXO Logistics, Inc. will post 2.4 earnings per share for the current year.

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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