Axxcess Wealth Management LLC Takes $286,000 Position in GXO Logistics, Inc. (NYSE:GXO)

Axxcess Wealth Management LLC purchased a new stake in GXO Logistics, Inc. (NYSE:GXO) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 4,684 shares of the company’s stock, valued at approximately $286,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. DekaBank Deutsche Girozentrale acquired a new position in shares of GXO Logistics during the 3rd quarter worth $31,000. Headlands Technologies LLC acquired a new position in GXO Logistics during the fourth quarter worth about $59,000. CWM LLC boosted its stake in shares of GXO Logistics by 28.1% in the 4th quarter. CWM LLC now owns 1,778 shares of the company’s stock valued at $109,000 after purchasing an additional 390 shares in the last quarter. First Horizon Advisors Inc. increased its position in GXO Logistics by 81.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,912 shares of the company’s stock worth $112,000 after purchasing an additional 861 shares in the last quarter. Finally, U S Global Investors Inc. boosted its position in GXO Logistics by 42.5% in the fourth quarter. U S Global Investors Inc. now owns 2,472 shares of the company’s stock valued at $151,000 after buying an additional 737 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Stock Up 4.3 %

Shares of NYSE:GXO opened at $53.11 on Friday. GXO Logistics, Inc. has a 1 year low of $48.11 and a 1 year high of $67.57. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50-day moving average is $50.57 and its 200-day moving average is $54.33. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 2.11 and a beta of 1.63.

GXO Logistics (NYSE:GXO) last released its earnings results on Tuesday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.38 billion. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. GXO Logistics’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 EPS. Equities research analysts predict that GXO Logistics, Inc. will post 2.78 earnings per share for the current year.

Insider Activity

In other news, Director Gena L. Ashe sold 4,737 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $50.00, for a total value of $236,850.00. Following the completion of the sale, the director now directly owns 20,851 shares in the company, valued at approximately $1,042,550. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

GXO has been the subject of a number of research reports. BNP Paribas upgraded GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price target for the company in a research note on Wednesday, March 27th. Citigroup dropped their target price on GXO Logistics from $66.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. TD Cowen boosted their price target on GXO Logistics from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday. Susquehanna upped their price objective on GXO Logistics from $73.00 to $75.00 and gave the company a “positive” rating in a research note on Thursday, February 15th. Finally, JPMorgan Chase & Co. cut 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 equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, GXO Logistics currently has an average rating of “Moderate Buy” and a consensus target price of $69.85.

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.