JPMorgan Chase & Co. Has $19.05 Million Stock Holdings in GXO Logistics, Inc. $GXO

JPMorgan Chase & Co. cut its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 4.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 360,259 shares of the company’s stock after selling 16,217 shares during the period. JPMorgan Chase & Co. owned about 0.31% of GXO Logistics worth $19,054,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GXO. Norges Bank acquired a new position in shares of GXO Logistics in the 2nd quarter worth approximately $26,297,000. Global Alpha Capital Management Ltd. increased its stake in shares of GXO Logistics by 42.7% in the second quarter. Global Alpha Capital Management Ltd. now owns 1,164,730 shares of the company’s stock valued at $56,722,000 after buying an additional 348,300 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of GXO Logistics by 9.0% in the second quarter. Alliancebernstein L.P. now owns 2,736,892 shares of the company’s stock valued at $133,287,000 after buying an additional 225,603 shares during the last quarter. Eisler Capital Management Ltd. raised its holdings in shares of GXO Logistics by 128.7% in the second quarter. Eisler Capital Management Ltd. now owns 327,689 shares of the company’s stock valued at $15,968,000 after buying an additional 184,392 shares during the last quarter. Finally, River Road Asset Management LLC lifted its position in GXO Logistics by 5.4% during the 2nd quarter. River Road Asset Management LLC now owns 2,967,046 shares of the company’s stock worth $147,492,000 after buying an additional 152,561 shares in the last quarter. Institutional investors own 90.67% of the company’s stock.

Wall Street Analysts Forecast Growth

GXO has been the subject of a number of research analyst reports. Stifel Nicolaus set a $70.00 target price on shares of GXO Logistics in a research note on Thursday, February 12th. Oppenheimer restated an “outperform” rating and issued a $70.00 price objective on shares of GXO Logistics in a research report on Thursday, February 12th. Wells Fargo & Company increased their price objective on GXO Logistics from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft raised GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Thursday, November 6th. Finally, Weiss Ratings raised GXO Logistics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 21st. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.17.

GXO Logistics Trading Up 0.7%

NYSE:GXO opened at $63.28 on Tuesday. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 210.93, a PEG ratio of 2.13 and a beta of 1.65. GXO Logistics, Inc. has a 1-year low of $30.46 and a 1-year high of $66.85. The business’s 50-day moving average price is $58.41 and its two-hundred day moving average price is $54.42. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.87.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. GXO Logistics had a net margin of 0.24% and a return on equity of 9.83%. During the same period in the prior year, the business posted $1.00 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

GXO Logistics Profile

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.