GXO Logistics (NYSE:GXO) Director Acquires $303,540.00 in Stock

GXO Logistics, Inc. (NYSE:GXO) Director Todd Cooper acquired 6,000 shares of the business’s stock in a transaction on Friday, November 28th. The shares were purchased at an average price of $50.59 per share, for a total transaction of $303,540.00. Following the transaction, the director directly owned 10,040 shares of the company’s stock, valued at approximately $507,923.60. The trade was a 148.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

GXO Logistics Trading Down 0.8%

Shares of GXO Logistics stock traded down $0.41 during trading on Monday, hitting $50.33. The stock had a trading volume of 1,067,479 shares, compared to its average volume of 1,304,630. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $61.15. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.71 and a quick ratio of 0.71. The firm’s fifty day simple moving average is $52.29 and its 200-day simple moving average is $49.81. The stock has a market cap of $5.76 billion, a PE ratio of 66.22, a PEG ratio of 2.08 and a beta of 1.64.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. GXO Logistics had a net margin of 0.69% and a return on equity of 10.45%. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the prior year, the firm posted $0.79 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. GXO Logistics has set its FY 2025 guidance at 2.430-2.630 EPS. As a group, sell-side analysts expect that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Institutional Investors Weigh In On GXO Logistics

Hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. boosted its stake in shares of GXO Logistics by 1,521.9% during the first quarter. Alliancebernstein L.P. now owns 2,511,289 shares of the company’s stock valued at $98,141,000 after purchasing an additional 2,356,452 shares in the last quarter. Engaged Capital LLC purchased a new stake in GXO Logistics during the first quarter worth $35,641,000. Orbis Allan Gray Ltd boosted its position in GXO Logistics by 6.5% during the 1st quarter. Orbis Allan Gray Ltd now owns 13,473,172 shares of the company’s stock valued at $526,532,000 after acquiring an additional 818,353 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in GXO Logistics by 29.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,608,468 shares of the company’s stock valued at $141,021,000 after acquiring an additional 810,298 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in shares of GXO Logistics by 1,511.4% in the 3rd quarter. Balyasny Asset Management L.P. now owns 832,066 shares of the company’s stock valued at $44,008,000 after acquiring an additional 780,431 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GXO. The Goldman Sachs Group upgraded GXO Logistics from a “neutral” rating to a “buy” rating and increased their price target for the stock from $52.00 to $68.00 in a report on Wednesday, September 24th. UBS Group raised their price target on shares of GXO Logistics from $58.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Wells Fargo & Company lifted their price objective on shares of GXO Logistics from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Susquehanna reaffirmed a “positive” rating and set a $64.00 target price on shares of GXO Logistics in a research report on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Thursday, November 6th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, GXO Logistics currently has an average rating of “Moderate Buy” and an average price target of $61.77.

GXO Logistics Company 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.