SVB Wealth LLC Acquires New Position in GXO Logistics, Inc. (NYSE:GXO)

Posted by on May 28th, 2023

SVB Wealth LLC acquired a new stake in shares of GXO Logistics, Inc. (NYSE:GXO – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,937 shares of the company’s stock, valued at approximately $253,000.

Several other institutional investors also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in shares of GXO Logistics by 186.6% during the 4th quarter. Signaturefd LLC now owns 599 shares of the company’s stock valued at $26,000 after acquiring an additional 390 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of GXO Logistics during the 4th quarter valued at about $26,000. HBK Sorce Advisory LLC purchased a new stake in shares of GXO Logistics during the 3rd quarter valued at about $31,000. ANTIPODES PARTNERS Ltd purchased a new stake in shares of GXO Logistics during the 4th quarter valued at about $38,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of GXO Logistics during the 1st quarter valued at about $39,000. 99.47% of the stock is owned by hedge funds and other institutional investors.

GXO Logistics Trading Up 0.2 %

NYSE GXO opened at $56.47 on Friday. The company’s 50-day moving average price is $52.16 and its 200-day moving average price is $49.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The stock has a market cap of $10.23 billion, a PE ratio of 35.97, a PEG ratio of 1.88 and a beta of 1.69. GXO Logistics, Inc. has a 12 month low of $32.10 and a 12 month high of $60.80.

GXO Logistics (NYSE:GXO – Get Rating) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.30 billion. GXO Logistics had a net margin of 2.00% and a return on equity of 12.35%. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 earnings per share. Equities research analysts forecast that GXO Logistics, Inc. will post 2.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GXO shares. Barclays raised their price target on shares of GXO Logistics from $52.00 to $55.00 and gave the company an “equal weight” rating in a report on Wednesday, February 15th. Credit Suisse Group raised their price objective on shares of GXO Logistics from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, April 14th. Oppenheimer raised their price objective on shares of GXO Logistics from $52.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, February 15th. Stifel Nicolaus raised their target price on shares of GXO Logistics from $59.00 to $66.00 in a research note on Thursday, May 11th. Finally, Susquehanna raised their target price on shares of GXO Logistics from $61.00 to $63.00 in a research note on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.94.

GXO Logistics Company Profile

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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.

See Also

Institutional Ownership by Quarter for GXO Logistics (NYSE:GXO)

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