GXO Logistics (NYSE:GXO) Trading 4.5% Higher

GXO Logistics, Inc. (NYSE:GXOGet Rating) traded up 4.5% during mid-day trading on Wednesday . The stock traded as high as $41.33 and last traded at $41.26. 19,321 shares changed hands during trading, a decline of 98% from the average session volume of 1,174,355 shares. The stock had previously closed at $39.48.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Oppenheimer reduced their price target on shares of GXO Logistics from $91.00 to $78.00 in a research report on Wednesday, August 10th. Cowen increased their price objective on shares of GXO Logistics from $64.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Cowen increased their price objective on shares of GXO Logistics from $64.00 to $67.00 in a research note on Thursday, August 4th. JPMorgan Chase & Co. dropped their price objective on shares of GXO Logistics from $83.00 to $68.00 and set an “overweight” rating for the company in a research note on Tuesday, July 12th. Finally, Susquehanna Bancshares increased their price objective on shares of GXO Logistics from $61.00 to $65.00 in a research note on Thursday, August 4th. Three research analysts have rated the stock with a hold rating and fourteen 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 a consensus price target of $80.65.

GXO Logistics Price Performance

The stock has a market capitalization of $4.59 billion and a price-to-earnings ratio of 20.81. The business’s fifty day moving average price is $45.49 and its 200-day moving average price is $53.31. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.95 and a quick ratio of 0.95.

GXO Logistics (NYSE:GXOGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.11 billion. GXO Logistics had a net margin of 2.55% and a return on equity of 12.25%. On average, research analysts forecast that GXO Logistics, Inc. will post 2.82 EPS for the current year.

Insider Activity

In related news, Director S Jacobs Bradley sold 5,167,500 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $48.35, for a total transaction of $249,848,625.00. Following the transaction, the director now directly owns 1,300,701 shares in the company, valued at $62,888,893.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 11.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ellevest Inc. raised its position in GXO Logistics by 337.7% in the second quarter. Ellevest Inc. now owns 696 shares of the company’s stock worth $30,000 after acquiring an additional 537 shares during the period. Prospera Financial Services Inc bought a new stake in GXO Logistics in the first quarter worth about $31,000. Point72 Hong Kong Ltd bought a new stake in GXO Logistics in the fourth quarter worth about $37,000. Geneos Wealth Management Inc. bought a new stake in GXO Logistics in the first quarter worth about $39,000. Finally, Repertoire Partners LP bought a new stake in GXO Logistics in the second quarter worth about $43,000. 83.54% of the stock is currently owned by hedge funds and other institutional investors.

GXO Logistics Company Profile

(Get Rating)

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, and other supply chain services, as well as reverse logistics or returns management services. As of December 31, 2021, it operated in approximately 906 facilities.

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