46,471 Shares in GXO Logistics, Inc. (NYSE:GXO) Bought by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. bought a new position in GXO Logistics, Inc. (NYSE:GXO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 46,471 shares of the company’s stock, valued at approximately $2,842,000.

Several other institutional investors have also recently bought and sold shares of GXO. Handelsbanken Fonder AB increased its holdings in shares of GXO Logistics by 3,033.0% during the 4th quarter. Handelsbanken Fonder AB now owns 570,200 shares of the company’s stock worth $34,873,000 after purchasing an additional 552,000 shares during the period. Payden & Rygel Investment Group bought a new position in shares of GXO Logistics during the 3rd quarter worth about $18,272,000. Victory Capital Management Inc. increased its holdings in shares of GXO Logistics by 136.5% during the 3rd quarter. Victory Capital Management Inc. now owns 469,391 shares of the company’s stock worth $27,530,000 after purchasing an additional 270,952 shares during the period. Invesco Ltd. increased its holdings in shares of GXO Logistics by 22.6% during the 3rd quarter. Invesco Ltd. now owns 1,466,267 shares of the company’s stock worth $85,997,000 after purchasing an additional 270,524 shares during the period. Finally, Lord Abbett & CO. LLC increased its holdings in shares of GXO Logistics by 31.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 526,000 shares of the company’s stock worth $30,850,000 after purchasing an additional 126,000 shares during the period. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Price Performance

Shares of NYSE GXO traded down $0.02 during trading on Friday, reaching $50.52. The company had a trading volume of 605,666 shares, compared to its average volume of 873,902. GXO Logistics, Inc. has a 52 week low of $48.11 and a 52 week high of $67.57. The stock has a market cap of $6.03 billion, a PE ratio of 26.45, a PEG ratio of 2.06 and a beta of 1.64. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.98 and a current ratio of 0.98. The business’s 50 day moving average price is $50.97 and its 200-day moving average price is $54.54.

GXO Logistics (NYSE:GXO) last announced its earnings results on Tuesday, February 13th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the firm posted $0.83 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. Analysts expect that GXO Logistics, Inc. will post 2.78 earnings per share for the current year.

Analysts Set New Price Targets

GXO has been the topic of several recent research reports. Susquehanna lifted their target price on shares of GXO Logistics from $73.00 to $75.00 and gave the company a “positive” rating in a research report on Thursday, February 15th. BNP Paribas upgraded shares of GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 target price on the stock in a research report on Wednesday, March 27th. Loop Capital decreased their target price on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. TD Cowen lifted their target price on shares of GXO Logistics from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. decreased their target price on shares of GXO Logistics from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.69.

Insider Buying and Selling

In related news, Director Gena L. Ashe sold 4,737 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $50.00, for a total transaction of $236,850.00. Following the completion of the sale, the director now directly owns 20,851 shares of the company’s stock, valued at $1,042,550. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is currently owned by insiders.

About GXO Logistics

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.