Deltec Asset Management LLC Purchases Shares of 4,158 GXO Logistics, Inc. $GXO

Deltec Asset Management LLC purchased a new stake in GXO Logistics, Inc. (NYSE:GXO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,158 shares of the company’s stock, valued at approximately $202,000.

Several other large investors also recently added to or reduced their stakes in GXO. Larson Financial Group LLC raised its stake in GXO Logistics by 2,460.7% during the 1st quarter. Larson Financial Group LLC now owns 717 shares of the company’s stock valued at $28,000 after purchasing an additional 689 shares during the period. GAMMA Investing LLC raised its stake in GXO Logistics by 57.0% during the 1st quarter. GAMMA Investing LLC now owns 832 shares of the company’s stock valued at $33,000 after purchasing an additional 302 shares during the period. Golden State Wealth Management LLC acquired a new stake in GXO Logistics during the 1st quarter valued at $34,000. Northwestern Mutual Wealth Management Co. raised its stake in GXO Logistics by 72.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company’s stock valued at $37,000 after purchasing an additional 396 shares during the period. Finally, Covestor Ltd raised its stake in GXO Logistics by 63.2% during the 1st quarter. Covestor Ltd now owns 1,645 shares of the company’s stock valued at $64,000 after purchasing an additional 637 shares during the period. 90.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GXO has been the topic of several research analyst reports. Citigroup boosted their price target on shares of GXO Logistics from $56.00 to $59.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. The Goldman Sachs Group upgraded shares of GXO Logistics from a “neutral” rating to a “buy” rating and boosted their price target for the company from $52.00 to $68.00 in a report on Wednesday, September 24th. UBS Group boosted their price target on shares of GXO Logistics from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Wells Fargo & Company upped their price objective on shares of GXO Logistics from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Finally, Barclays upped their price objective on shares of GXO Logistics from $45.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, GXO Logistics has a consensus rating of “Moderate Buy” and an average price target of $60.50.

GXO Logistics Trading Down 0.1%

GXO Logistics stock opened at $52.88 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.76 and a current ratio of 0.76. The business’s 50-day simple moving average is $51.61 and its 200-day simple moving average is $45.09. The firm has a market capitalization of $6.05 billion, a PE ratio of 99.78, a PEG ratio of 2.12 and a beta of 1.65. GXO Logistics, Inc. has a 52 week low of $30.46 and a 52 week high of $63.33.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.09 billion. GXO Logistics had a return on equity of 10.45% and a net margin of 0.50%.The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. Equities research analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

GXO Logistics 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, 2023, it operated in approximately 974 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.