GXO Logistics (NYSE:GXO) Hits New 1-Year High – Here’s What Happened

GXO Logistics, Inc. (NYSE:GXO)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $58.19 and last traded at $57.6150, with a volume of 796473 shares changing hands. The stock had previously closed at $57.92.

Analyst Ratings Changes

Several research analysts have recently weighed in on GXO shares. UBS Group increased their price objective on shares of GXO Logistics from $58.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Morgan Stanley boosted their price objective on shares of GXO Logistics from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. Deutsche Bank Aktiengesellschaft upgraded GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Thursday, November 6th. Citigroup lifted their target price on GXO Logistics from $62.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Finally, Stifel Nicolaus dropped their price target on GXO Logistics from $67.00 to $66.00 and set a “buy” rating for the company in a research note on Tuesday, December 16th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.38.

GXO Logistics Stock Performance

The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 75.26, a price-to-earnings-growth ratio of 1.87 and a beta of 1.64. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. The stock has a 50-day simple moving average of $53.53 and a 200-day simple moving average of $52.65.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. GXO Logistics had a net margin of 0.69% and a return on equity of 10.45%. The business had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the firm earned $0.79 earnings per share. The business’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. On average, analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Todd C. 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 completion of the purchase, the director directly owned 10,040 shares of the company’s stock, valued at $507,923.60. This represents a 148.51% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Institutional Trading of GXO Logistics

Institutional investors have recently added to or reduced their stakes in the business. Balyasny Asset Management L.P. grew its position in shares of GXO Logistics by 1,511.4% during the 3rd quarter. Balyasny Asset Management L.P. now owns 832,066 shares of the company’s stock valued at $44,008,000 after buying an additional 780,431 shares during the last quarter. Parsifal Capital Management LP grew its holdings in shares of GXO Logistics by 77.5% during the third quarter. Parsifal Capital Management LP now owns 1,482,957 shares of the company’s stock valued at $78,434,000 after purchasing an additional 647,457 shares during the last quarter. Norges Bank acquired a new stake in shares of GXO Logistics during the 2nd quarter worth approximately $26,297,000. Global Alpha Capital Management Ltd. lifted its holdings in shares of GXO Logistics by 42.7% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 1,164,730 shares of the company’s stock worth $56,722,000 after purchasing an additional 348,300 shares during the last quarter. Finally, M&T Bank Corp boosted its position in GXO Logistics by 7,226.9% during the 4th quarter. M&T Bank Corp now owns 311,320 shares of the company’s stock valued at $16,388,000 after purchasing an additional 307,071 shares during the period. 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.