GXO Logistics, Inc. (NYSE:GXO) Shares Bought by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC increased its position in GXO Logistics, Inc. (NYSE:GXO) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,437 shares of the company’s stock after buying an additional 5,877 shares during the period. Foster Victor Wealth Advisors LLC owned about 0.09% of GXO Logistics worth $5,570,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. UMB Bank n.a. raised its holdings in GXO Logistics by 111.4% in the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock valued at $33,000 after buying an additional 331 shares during the period. Mather Group LLC. grew its position in shares of GXO Logistics by 170.7% during the 2nd quarter. Mather Group LLC. now owns 1,110 shares of the company’s stock valued at $60,000 after buying an additional 700 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of GXO Logistics by 920.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,276 shares of the company’s stock worth $64,000 after purchasing an additional 1,151 shares during the period. Motco lifted its stake in GXO Logistics by 2,836.4% in the first quarter. Motco now owns 1,292 shares of the company’s stock valued at $69,000 after buying an additional 1,248 shares during the last quarter. Finally, Smithfield Trust Co lifted its position in GXO Logistics by 16.5% in the 1st quarter. Smithfield Trust Co now owns 1,378 shares of the company’s stock valued at $73,000 after purchasing an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Down 1.3 %

Shares of GXO opened at $61.38 on Wednesday. The business’s 50 day simple moving average is $50.49 and its 200-day simple moving average is $50.79. GXO Logistics, Inc. has a one year low of $46.07 and a one year high of $63.07. The company has a market capitalization of $7.33 billion, a P/E ratio of 44.16, a PEG ratio of 1.52 and a beta of 1.59. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.86.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). GXO Logistics had a net margin of 1.35% and a return on equity of 9.86%. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the business posted $0.70 EPS. The company’s revenue was up 18.9% compared to the same quarter last year. As a group, sell-side analysts predict that GXO Logistics, Inc. will post 2.79 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. UBS Group decreased their target price on shares of GXO Logistics from $71.00 to $66.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Citigroup initiated coverage on shares of GXO Logistics in a report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 target price for the company. JPMorgan Chase & Co. increased their price objective on GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 9th. Finally, Susquehanna dropped their price target on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research note on Thursday, September 26th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.91.

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.