Segall Bryant & Hamill LLC Purchases New Shares in GXO Logistics, Inc. $GXO

Segall Bryant & Hamill LLC acquired a new stake in GXO Logistics, Inc. (NYSE:GXO) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 121,042 shares of the company’s stock, valued at approximately $5,895,000. Segall Bryant & Hamill LLC owned approximately 0.11% of GXO Logistics at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in GXO. Alliancebernstein L.P. boosted its position in shares of GXO Logistics by 1,521.9% in the first quarter. Alliancebernstein L.P. now owns 2,511,289 shares of the company’s stock valued at $98,141,000 after acquiring an additional 2,356,452 shares during the period. Engaged Capital LLC bought a new position in GXO Logistics during the first quarter worth about $35,641,000. Orbis Allan Gray Ltd raised its stake in GXO Logistics by 6.5% in the 1st quarter. Orbis Allan Gray Ltd now owns 13,473,172 shares of the company’s stock worth $526,532,000 after purchasing an additional 818,353 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in GXO Logistics by 29.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,608,468 shares of the company’s stock worth $141,021,000 after purchasing an additional 810,298 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its holdings in GXO Logistics by 27.0% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 3,330,176 shares of the company’s stock valued at $130,143,000 after purchasing an additional 708,661 shares during the period. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Up 2.8%

Shares of GXO opened at $47.52 on Monday. The firm has a 50 day simple moving average of $52.36 and a two-hundred day simple moving average of $49.47. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.71 and a quick ratio of 0.71. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $61.90. The company has a market cap of $5.44 billion, a P/E ratio of 62.53, a P/E/G ratio of 1.95 and a beta of 1.64.

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

Analyst Ratings Changes

GXO has been the topic of several recent research reports. The Goldman Sachs Group raised shares of GXO Logistics from a “neutral” rating to a “buy” rating and raised their target price for the stock from $52.00 to $68.00 in a report on Wednesday, September 24th. JPMorgan Chase & Co. increased their price target on GXO Logistics from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Wells Fargo & Company lifted their price objective on GXO Logistics from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Morgan Stanley cut their target price on GXO Logistics from $60.00 to $58.00 and set an “overweight” rating for the company in a research report on Monday, October 6th. Finally, Truist Financial set a $65.00 target price on GXO Logistics in a report on Tuesday, October 14th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.77.

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.