Daiwa Securities Group Inc. Acquires 297 Shares of GXO Logistics, Inc. (NYSE:GXO)

Daiwa Securities Group Inc. grew its holdings in GXO Logistics, Inc. (NYSE:GXO) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,207 shares of the company’s stock after acquiring an additional 297 shares during the quarter. Daiwa Securities Group Inc.’s holdings in GXO Logistics were worth $1,419,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GXO. Payden & Rygel Investment Group bought a new stake in shares of GXO Logistics in the third quarter worth about $18,272,000. Victory Capital Management Inc. increased its holdings in shares of GXO Logistics by 136.5% in the third quarter. Victory Capital Management Inc. now owns 469,391 shares of the company’s stock worth $27,530,000 after acquiring an additional 270,952 shares in the last quarter. Invesco Ltd. increased its holdings in shares of GXO Logistics by 22.6% in the third quarter. Invesco Ltd. now owns 1,466,267 shares of the company’s stock worth $85,997,000 after acquiring an additional 270,524 shares in the last quarter. WASHINGTON TRUST Co increased its holdings in shares of GXO Logistics by 12,052.9% in the third quarter. WASHINGTON TRUST Co now owns 157,866 shares of the company’s stock worth $9,259,000 after acquiring an additional 156,567 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in shares of GXO Logistics by 31.5% in the third quarter. Lord Abbett & CO. LLC now owns 526,000 shares of the company’s stock worth $30,850,000 after acquiring an additional 126,000 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors.

Insider Activity

In other GXO Logistics news, Director Gena L. Ashe sold 4,737 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $50.00, for a total transaction of $236,850.00. Following the transaction, the director now owns 20,851 shares in the company, valued at approximately $1,042,550. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.

GXO Logistics Stock Performance

GXO opened at $50.16 on Wednesday. GXO Logistics, Inc. has a 12-month low of $48.11 and a 12-month high of $67.57. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 2.10 and a beta of 1.64. The business has a 50 day moving average of $51.29 and a 200-day moving average of $54.64. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.55.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. GXO Logistics had a return on equity of 10.94% and a net margin of 2.34%. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the firm posted $0.83 earnings per share. The business’s revenue was up 5.0% on a year-over-year basis. On average, equities research analysts expect that GXO Logistics, Inc. will post 2.77 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Stifel Nicolaus increased their price objective on GXO Logistics from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Susquehanna increased their price objective on GXO Logistics from $73.00 to $75.00 and gave the stock a “positive” rating in a report on Thursday, February 15th. BNP Paribas upgraded GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price objective for the company in a report on Wednesday, March 27th. TD Cowen increased their price objective on GXO Logistics from $70.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Finally, Loop Capital decreased their price objective on GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a report on Thursday, April 18th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, GXO Logistics has a consensus rating of “Moderate Buy” and an average target price of $69.54.

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.