Dorsey & Whitney Trust CO LLC Makes New $270,000 Investment in GXO Logistics, Inc. (NYSE:GXO)

Dorsey & Whitney Trust CO LLC purchased a new position in GXO Logistics, Inc. (NYSE:GXOGet Rating) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 6,229 shares of the company’s stock, valued at approximately $270,000.

Several other large investors also recently modified their holdings of GXO. Ellevest Inc. increased its holdings in shares of 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 in the last quarter. Prospera Financial Services Inc bought a new position in shares of GXO Logistics during the first quarter worth about $31,000. Geneos Wealth Management Inc. bought a new position in shares of GXO Logistics during the first quarter worth about $39,000. Herold Advisors Inc. bought a new position in shares of GXO Logistics during the first quarter worth about $54,000. Finally, ACG Wealth bought a new position in shares of GXO Logistics during the second quarter worth about $69,000. 83.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GXO has been the subject of a number of research reports. Credit Suisse Group decreased their price objective on GXO Logistics from $56.00 to $48.00 in a report on Tuesday, October 11th. Cowen decreased their price objective on GXO Logistics from $67.00 to $62.00 and set an “outperform” rating for the company in a report on Tuesday, September 27th. Jefferies Financial Group initiated coverage on GXO Logistics in a report on Monday, October 24th. They set a “buy” rating and a $70.00 price objective for the company. Morgan Stanley decreased their price objective on GXO Logistics from $67.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, October 3rd. Finally, Wells Fargo & Company reduced their price target on GXO Logistics from $78.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, November 10th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $61.31.

GXO Logistics Stock Performance

GXO opened at $43.89 on Thursday. GXO Logistics, Inc. has a 12-month low of $32.10 and a 12-month high of $102.57. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 1.28 and a beta of 1.30. The business has a 50 day moving average of $37.82 and a 200-day moving average of $44.22. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69.

GXO Logistics Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for GXO Logistics (NYSE:GXO)

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