Stanley Laman Group Ltd. Makes New Investment in GXO Logistics, Inc. (NYSE:GXO)

Stanley Laman Group Ltd. acquired a new position in shares of GXO Logistics, Inc. (NYSE:GXO) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 46,471 shares of the company’s stock, valued at approximately $2,842,000.

A number of other large investors have also recently bought and sold shares of the company. Payden & Rygel Investment Group acquired a new stake in shares of GXO Logistics in the 3rd quarter valued at approximately $18,272,000. Amalgamated Bank boosted its stake in shares of GXO Logistics by 13.9% in the 3rd quarter. Amalgamated Bank now owns 87,426 shares of the company’s stock valued at $5,128,000 after purchasing an additional 10,660 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of GXO Logistics by 3.0% in the 4th quarter. Federated Hermes Inc. now owns 1,126,959 shares of the company’s stock valued at $68,925,000 after purchasing an additional 33,320 shares in the last quarter. Retirement Planning Co of New England Inc. boosted its stake in shares of GXO Logistics by 79.0% in the 3rd quarter. Retirement Planning Co of New England Inc. now owns 22,978 shares of the company’s stock valued at $1,348,000 after purchasing an additional 10,141 shares in the last quarter. Finally, WASHINGTON TRUST Co boosted its stake in shares of GXO Logistics by 17.0% in the 4th quarter. WASHINGTON TRUST Co now owns 184,697 shares of the company’s stock valued at $11,296,000 after purchasing an additional 26,831 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Stock Down 0.0 %

GXO stock traded down $0.02 during midday trading on Friday, reaching $50.52. 605,666 shares of the company’s stock traded hands, compared to its average volume of 873,902. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 2.06 and a beta of 1.64. The firm’s fifty day moving average price is $50.97 and its 200-day moving average price is $54.54. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.55. GXO Logistics, Inc. has a 52 week low of $48.11 and a 52 week high of $67.57.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 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 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.83 EPS. As a group, sell-side analysts forecast that GXO Logistics, Inc. will post 2.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on GXO shares. Citigroup cut their target price on shares of GXO Logistics from $66.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Susquehanna raised their price target on shares of GXO Logistics from $73.00 to $75.00 and gave the stock a “positive” rating in a report on Thursday, February 15th. Loop Capital lowered their price objective on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Stifel Nicolaus lifted their price objective on shares of GXO Logistics from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, BNP Paribas upgraded shares of GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price objective for the company in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, GXO Logistics presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.69.

Insider Buying and Selling at GXO Logistics

In other GXO Logistics news, Director Gena L. Ashe sold 4,737 shares of GXO Logistics stock in a transaction 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 transaction, the director now directly owns 20,851 shares of the company’s stock, valued at approximately $1,042,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.

GXO Logistics Profile

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.