GXO Logistics, Inc. $GXO Stake Lifted by New York State Common Retirement Fund

New York State Common Retirement Fund increased its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 22.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 259,492 shares of the company’s stock after buying an additional 46,853 shares during the quarter. New York State Common Retirement Fund’s holdings in GXO Logistics were worth $13,725,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI acquired a new position in GXO Logistics in the third quarter worth approximately $795,000. William Blair Investment Management LLC lifted its position in shares of GXO Logistics by 52.3% during the 2nd quarter. William Blair Investment Management LLC now owns 530,999 shares of the company’s stock valued at $25,860,000 after acquiring an additional 182,338 shares during the last quarter. US Bancorp DE boosted its stake in shares of GXO Logistics by 3.4% during the 2nd quarter. US Bancorp DE now owns 14,319 shares of the company’s stock worth $697,000 after acquiring an additional 471 shares in the last quarter. Ethic Inc. grew its holdings in shares of GXO Logistics by 147.5% in the 2nd quarter. Ethic Inc. now owns 15,258 shares of the company’s stock worth $748,000 after acquiring an additional 9,094 shares during the last quarter. Finally, Stephens Inc. AR acquired a new position in shares of GXO Logistics in the 2nd quarter worth $233,000. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Price Performance

Shares of GXO opened at $57.00 on Tuesday. The business’s 50-day moving average is $54.34 and its 200-day moving average is $52.81. 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 company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 75.00, a P/E/G ratio of 1.86 and a beta of 1.64. GXO Logistics, Inc. has a fifty-two week low of $30.46 and a fifty-two week high of $58.21.

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

Analyst Ratings Changes

A number of research firms recently weighed in on GXO. Morgan Stanley increased their price target on GXO Logistics from $58.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, December 8th. Weiss Ratings raised shares of GXO Logistics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 21st. Wells Fargo & Company lifted their target price on shares of GXO Logistics from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Susquehanna boosted their price target on shares of GXO Logistics from $64.00 to $80.00 and gave the company a “positive” rating in a report on Thursday, January 8th. Finally, Stifel Nicolaus decreased their price objective on shares of 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 two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.67.

Insider Buying and Selling at GXO Logistics

In related news, Director Todd C. Cooper purchased 6,000 shares of the company’s stock in a transaction dated Friday, November 28th. The shares were acquired at an average cost of $50.59 per share, with a total value of $303,540.00. Following the completion of the purchase, the director owned 10,040 shares of the company’s stock, valued at $507,923.60. The trade was a 148.51% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.30% of the company’s stock.

GXO Logistics Company Profile

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.