Norges Bank Takes $57.60 Million Position in GXO Logistics, Inc. $GXO

Norges Bank purchased a new stake in shares of GXO Logistics, Inc. (NYSE:GXO) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 1,094,178 shares of the company’s stock, valued at approximately $57,598,000. Norges Bank owned about 0.96% of GXO Logistics at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in GXO. Ashton Thomas Private Wealth LLC grew its position in GXO Logistics by 1.8% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 11,319 shares of the company’s stock worth $599,000 after acquiring an additional 202 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of GXO Logistics by 14.3% during the fourth quarter. GAMMA Investing LLC now owns 1,634 shares of the company’s stock valued at $86,000 after purchasing an additional 205 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of GXO Logistics by 22.0% during the third quarter. Fifth Third Bancorp now owns 1,213 shares of the company’s stock worth $64,000 after purchasing an additional 219 shares during the last quarter. First Bank & Trust grew its holdings in GXO Logistics by 4.0% during the 4th quarter. First Bank & Trust now owns 5,696 shares of the company’s stock worth $300,000 after acquiring an additional 219 shares during the last quarter. Finally, CWM LLC increased its position in GXO Logistics by 11.4% in the 4th quarter. CWM LLC now owns 2,350 shares of the company’s stock valued at $124,000 after acquiring an additional 240 shares during the period. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Trading Up 0.0%

NYSE:GXO opened at $48.68 on Monday. GXO Logistics, Inc. has a 12 month low of $42.09 and a 12 month high of $66.85. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of 42.71, a PEG ratio of 1.62 and a beta of 1.56. The firm has a fifty day simple moving average of $52.31 and a two-hundred day simple moving average of $54.49.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.13. The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.22 billion. GXO Logistics had a net margin of 0.98% and a return on equity of 10.55%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 earnings per share. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. Analysts expect that GXO Logistics, Inc. will post 3.06 EPS for the current fiscal year.

Analyst Ratings Changes

GXO has been the topic of a number of recent research reports. Oppenheimer reiterated an “outperform” rating and set a $70.00 price target on shares of GXO Logistics in a report on Thursday, February 12th. Truist Financial increased their price objective on GXO Logistics from $65.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Morgan Stanley reaffirmed an “overweight” rating and issued a $75.00 price objective on shares of GXO Logistics in a research note on Tuesday, February 17th. Wall Street Zen raised shares of GXO Logistics from a “hold” rating to a “buy” rating in a research note on Sunday, May 31st. Finally, The Goldman Sachs Group cut shares of GXO Logistics from a “buy” rating to a “neutral” rating and set a $68.00 price objective for the company. in a research report on Wednesday, March 4th. Eleven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, GXO Logistics currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.92.

GXO Logistics Company 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.