Louisiana State Employees Retirement System Acquires New Stake in GXO Logistics, Inc. $GXO

Louisiana State Employees Retirement System acquired a new position in shares of GXO Logistics, Inc. (NYSE:GXO) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 33,200 shares of the company’s stock, valued at approximately $1,721,000.

Several other hedge funds also recently made changes to their positions in GXO. Allworth Financial LP increased its stake in shares of GXO Logistics by 175.0% during the third quarter. Allworth Financial LP now owns 517 shares of the company’s stock worth $27,000 after acquiring an additional 329 shares during the period. Chapman Financial Group LLC acquired a new stake in GXO Logistics in the second quarter valued at about $34,000. Farther Finance Advisors LLC lifted its position in GXO Logistics by 85.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,420 shares of the company’s stock valued at $75,000 after purchasing an additional 653 shares during the period. Geneos Wealth Management Inc. boosted its holdings in GXO Logistics by 4,775.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock valued at $78,000 after purchasing an additional 1,958 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in GXO Logistics in the 3rd quarter valued at approximately $79,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Trading Up 1.1%

Shares of GXO Logistics stock opened at $51.25 on Thursday. GXO Logistics, Inc. has a 12-month low of $45.40 and a 12-month high of $66.85. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.88. The stock has a market cap of $5.90 billion, a PE ratio of 44.96, a price-to-earnings-growth ratio of 1.68 and a beta of 1.55. The company has a 50-day moving average of $50.59 and a two-hundred day moving average of $54.39.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.37 by $0.13. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.22 billion. GXO Logistics had a return on equity of 10.55% and a net margin of 0.98%.The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 EPS. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. On average, research analysts anticipate that GXO Logistics, Inc. will post 3.06 EPS for the current fiscal year.

Analyst Ratings Changes

GXO has been the subject of a number of analyst reports. Wall Street Zen raised GXO Logistics from a “hold” rating to a “buy” rating in a research note on Sunday, May 31st. The Goldman Sachs Group downgraded GXO Logistics from a “buy” rating to a “neutral” rating and set a $68.00 price target on the stock. in a research note on Wednesday, March 4th. Stifel Nicolaus set a $71.00 price objective on GXO Logistics in a report on Thursday, May 7th. Weiss Ratings cut GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Finally, Barclays raised GXO Logistics from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $58.00 to $65.00 in a report on Wednesday, May 27th. Eleven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $69.92.

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.