Okabena Investment Services Inc. Takes $690,000 Position in GXO Logistics, Inc. $GXO

Okabena Investment Services Inc. bought a new stake in GXO Logistics, Inc. (NYSE:GXO) during the 4th quarter, HoldingsChannel reports. The firm bought 13,114 shares of the company’s stock, valued at approximately $690,000.

Several other institutional investors have also modified their holdings of GXO. Northwestern Mutual Wealth Management Co. grew its position in shares of GXO Logistics by 3,222,426.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,697,772 shares of the company’s stock valued at $593,791,000 after purchasing an additional 11,697,409 shares during the period. Focus Partners Wealth acquired a new position in GXO Logistics during the fourth quarter worth about $181,648,000. Victory Capital Management Inc. boosted its position in GXO Logistics by 1,168.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,191,218 shares of the company’s stock worth $62,706,000 after acquiring an additional 1,097,298 shares during the last quarter. Norges Bank acquired a new position in GXO Logistics during the fourth quarter worth about $57,598,000. Finally, Milford Funds Ltd. acquired a new position in GXO Logistics during the fourth quarter worth about $43,250,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Price Performance

Shares of GXO stock opened at $50.18 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.85 and a quick ratio of 0.85. The firm’s 50-day moving average is $52.07 and its two-hundred day moving average is $54.56. GXO Logistics, Inc. has a 12 month low of $42.49 and a 12 month high of $66.85. The company has a market capitalization of $5.77 billion, a PE ratio of 44.01, a price-to-earnings-growth ratio of 1.65 and a beta of 1.56.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus set a $71.00 price target on shares of GXO Logistics in a research report on Thursday, May 7th. Wells Fargo & Company lowered their price target on shares of GXO Logistics from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Morgan Stanley restated an “overweight” rating and set a $75.00 price target on shares of GXO Logistics in a research report on Tuesday, February 17th. Barclays upgraded shares of GXO Logistics from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $58.00 to $65.00 in a research report on Wednesday, May 27th. Finally, Weiss Ratings lowered shares of GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell 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 $69.92.

About GXO Logistics

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.