First Trust Advisors LP Raises Stock Holdings in GXO Logistics, Inc. $GXO

First Trust Advisors LP raised its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 94.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 211,416 shares of the company’s stock after purchasing an additional 102,432 shares during the quarter. First Trust Advisors LP’s holdings in GXO Logistics were worth $10,962,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in GXO. Allworth Financial LP raised its stake in shares of GXO Logistics by 175.0% during the third quarter. Allworth Financial LP now owns 517 shares of the company’s stock valued at $27,000 after acquiring an additional 329 shares during the last quarter. Chapman Financial Group LLC purchased a new stake in shares of GXO Logistics during the second quarter worth about $34,000. Farther Finance Advisors LLC grew its stake in shares of GXO Logistics by 85.1% in the fourth 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 last quarter. Geneos Wealth Management Inc. increased its holdings in GXO Logistics by 4,775.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock valued at $78,000 after purchasing an additional 1,958 shares during the period. Finally, Danske Bank A S purchased a new position in GXO Logistics during the 3rd quarter valued at about $79,000. Institutional investors own 90.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GXO shares. Morgan Stanley increased their price objective on GXO Logistics from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Wall Street Zen cut GXO Logistics from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Stephens assumed coverage on GXO Logistics in a report on Wednesday, July 8th. They set an “overweight” rating and a $75.00 target price for the company. Barclays raised GXO Logistics from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $58.00 to $65.00 in a research note on Wednesday, May 27th. Finally, Wells Fargo & Company assumed coverage on shares of GXO Logistics in a report on Tuesday. They issued an “overweight” rating and a $18.00 price target on the stock. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $66.71.

GXO Logistics Trading Down 0.4%

GXO opened at $50.22 on Friday. The stock has a market cap of $5.78 billion, a PE ratio of 44.05, a PEG ratio of 1.67 and a beta of 1.55. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.88. The business has a 50 day moving average of $50.62 and a 200-day moving average of $54.09. GXO Logistics, Inc. has a 52 week low of $45.40 and a 52 week high of $66.85.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.13. The company had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.22 billion. GXO Logistics had a return on equity of 10.55% and a net margin of 0.98%.The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 earnings per share. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. Equities research analysts predict that GXO Logistics, Inc. will post 3.07 earnings per share for the current fiscal year.

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.