GXO Logistics, Inc. (NYSE:GXO) Shares Bought by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. grew its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 37.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,032 shares of the company’s stock after buying an additional 282 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in GXO Logistics were worth $54,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in GXO. UMB Bank n.a. grew its holdings in shares of GXO Logistics by 111.4% during the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after purchasing an additional 331 shares during the last quarter. Mather Group LLC. grew its holdings in shares of GXO Logistics by 170.7% during the second quarter. Mather Group LLC. now owns 1,110 shares of the company’s stock worth $60,000 after purchasing an additional 700 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of GXO Logistics by 920.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,276 shares of the company’s stock worth $64,000 after purchasing an additional 1,151 shares during the last quarter. Motco grew its holdings in shares of GXO Logistics by 2,836.4% during the first quarter. Motco now owns 1,292 shares of the company’s stock worth $69,000 after purchasing an additional 1,248 shares during the last quarter. Finally, Smithfield Trust Co grew its holdings in shares of GXO Logistics by 16.5% during the first quarter. Smithfield Trust Co now owns 1,378 shares of the company’s stock worth $73,000 after purchasing an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Analysts Set New Price Targets

GXO has been the topic of several research reports. Citigroup assumed coverage on GXO Logistics in a report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective on the stock. UBS Group lowered their price target on GXO Logistics from $71.00 to $66.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. raised their price target on GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. Finally, Susquehanna lowered their price objective on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a report on Thursday, September 26th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.91.

GXO Logistics Price Performance

Shares of NYSE:GXO opened at $61.96 on Friday. The business’s fifty day moving average price is $52.28 and its two-hundred day moving average price is $51.24. The stock has a market cap of $7.40 billion, a PE ratio of 44.58, a price-to-earnings-growth ratio of 1.52 and a beta of 1.59. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.86 and a current ratio of 0.86. GXO Logistics, Inc. has a one year low of $46.07 and a one year high of $63.33.

GXO Logistics (NYSE:GXO) last announced its earnings results on Tuesday, August 6th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.73 billion. GXO Logistics had a net margin of 1.35% and a return on equity of 9.86%. GXO Logistics’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.70 EPS. On average, analysts forecast that GXO Logistics, Inc. will post 2.79 EPS for the current fiscal year.

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.