Whittier Trust Co. grew its position in GXO Logistics, Inc. (NYSE:GXO – Free Report) by 19.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,868 shares of the company’s stock after buying an additional 636 shares during the period. Whittier Trust Co.’s holdings in GXO Logistics were worth $195,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of GXO. Signaturefd LLC raised its holdings in GXO Logistics by 186.6% in the fourth quarter. Signaturefd LLC now owns 599 shares of the company’s stock worth $26,000 after buying an additional 390 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of GXO Logistics during the fourth quarter valued at approximately $26,000. ANTIPODES PARTNERS Ltd purchased a new position in shares of GXO Logistics during the fourth quarter valued at approximately $38,000. Geneos Wealth Management Inc. purchased a new position in shares of GXO Logistics during the first quarter valued at approximately $39,000. Finally, Psagot Value Holdings Ltd. Israel purchased a new position in shares of GXO Logistics during the fourth quarter valued at approximately $51,000. 99.47% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Oppenheimer boosted their price objective on shares of GXO Logistics from $62.00 to $67.00 in a report on Monday, June 12th. Susquehanna boosted their price objective on shares of GXO Logistics from $63.00 to $83.00 in a report on Thursday, June 29th. Stifel Nicolaus boosted their target price on shares of GXO Logistics from $59.00 to $66.00 in a research report on Thursday, May 11th. Finally, Credit Suisse Group boosted their target price on shares of GXO Logistics from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, April 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.53.
GXO Logistics Price Performance
GXO Logistics (NYSE:GXO – Free Report) last issued its earnings results on Tuesday, May 9th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. GXO Logistics had a net margin of 2.00% and a return on equity of 12.35%. The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the prior year, the business earned $0.59 earnings per share. GXO Logistics’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, sell-side analysts expect that GXO Logistics, Inc. will post 2.52 earnings per share for the current fiscal 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, 2022, it operated in approximately 979 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.
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