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

GXO Logistics, Inc. (NYSE:GXO)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $58.38 and last traded at $57.2350, with a volume of 488542 shares traded. The stock had previously closed at $56.94.

Analyst Ratings Changes

Several analysts have weighed in on the company. Truist Financial set a $65.00 target price on GXO Logistics in a report on Tuesday, October 14th. Wells Fargo & Company raised their target price on shares of GXO Logistics from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft upgraded GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Thursday, November 6th. Citigroup upped their price objective on GXO Logistics from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Finally, JPMorgan Chase & Co. upped their price objective on GXO Logistics from $66.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.67.

GXO Logistics Stock Up 0.4%

The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of 75.08, a price-to-earnings-growth ratio of 1.86 and a beta of 1.64. The business’s 50 day moving average is $54.34 and its 200 day moving average is $52.81.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The firm had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.39 billion. GXO Logistics had a return on equity of 10.45% and a net margin of 0.69%.The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company posted $0.79 EPS. Equities analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Insider Buying and Selling at GXO Logistics

In other news, Director Todd C. Cooper purchased 6,000 shares of GXO Logistics stock in a transaction dated Friday, November 28th. The stock was acquired at an average cost of $50.59 per share, for a total transaction of $303,540.00. Following the acquisition, the director directly owned 10,040 shares in the company, valued at $507,923.60. This represents a 148.51% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On GXO Logistics

Several institutional investors and hedge funds have recently modified their holdings of GXO. Allworth Financial LP lifted its holdings in GXO Logistics by 175.0% in the 3rd quarter. Allworth Financial LP now owns 517 shares of the company’s stock worth $27,000 after purchasing an additional 329 shares during the last quarter. Accredited Wealth Management LLC grew its stake in shares of GXO Logistics by 1,100.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 600 shares of the company’s stock valued at $32,000 after purchasing an additional 550 shares during the period. Chapman Financial Group LLC bought a new stake in shares of GXO Logistics in the 2nd quarter worth about $34,000. Farther Finance Advisors LLC grew its position in GXO Logistics by 177.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 767 shares of the company’s stock worth $41,000 after acquiring an additional 491 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of GXO Logistics by 1,964.4% during the second quarter. Hantz Financial Services Inc. now owns 929 shares of the company’s stock worth $45,000 after purchasing an additional 884 shares in the last quarter. Institutional investors and hedge funds 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.