GXO Logistics (NYSE:GXO) Trading Down 6.5% – Here’s Why

GXO Logistics, Inc. (NYSE:GXO)’s share price fell 6.5% during mid-day trading on Wednesday . The stock traded as low as $47.35 and last traded at $48.98. Approximately 399,771 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 1,345,407 shares. The stock had previously closed at $52.37.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Citigroup began coverage on shares of GXO Logistics in a research report on Wednesday, July 15th. They set a “market outperform” rating on the stock. Wall Street Zen lowered GXO Logistics from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Morgan Stanley increased their price objective on GXO Logistics from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Truist Financial reduced their price objective on GXO Logistics from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Finally, Barclays raised GXO Logistics from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $58.00 to $65.00 in a research report on Wednesday, May 27th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.71.

GXO Logistics Price Performance

The company has a market cap of $5.37 billion, a PE ratio of 40.83, a PEG ratio of 1.67 and a beta of 1.55. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.85 and a quick ratio of 0.85. The stock’s 50-day moving average is $50.78 and its 200 day moving average is $53.98.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.01. The business had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.46 billion. GXO Logistics had a net margin of 0.98% and a return on equity of 10.55%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 earnings per share. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. On average, equities analysts anticipate that GXO Logistics, Inc. will post 3.07 earnings per share for the current fiscal year.

Institutional Trading of GXO Logistics

Several large investors have recently bought and sold shares of the stock. Allworth Financial LP boosted its stake in shares of GXO Logistics by 175.0% in the third quarter. Allworth Financial LP now owns 517 shares of the company’s stock worth $27,000 after buying an additional 329 shares during the last quarter. Chapman Financial Group LLC purchased a new position in shares of GXO Logistics in the 2nd quarter valued at about $34,000. Farther Finance Advisors LLC raised its holdings in GXO Logistics by 85.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,420 shares of the company’s stock worth $75,000 after purchasing an additional 653 shares during the period. Danske Bank A S purchased a new position in GXO Logistics during the third quarter worth approximately $79,000. Finally, CIBC Private Wealth Group LLC lifted its position in shares of GXO Logistics by 201.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,621 shares of the company’s stock valued at $86,000 after buying an additional 1,083 shares in the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

About GXO Logistics

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.