Twin Capital Management Inc. Acquires 1,355 Shares of GXO Logistics, Inc. $GXO

Twin Capital Management Inc. grew its holdings in GXO Logistics, Inc. (NYSE:GXO) by 3.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,944 shares of the company’s stock after acquiring an additional 1,355 shares during the period. Twin Capital Management Inc.’s holdings in GXO Logistics were worth $1,799,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of GXO. Larson Financial Group LLC increased its stake in shares of GXO Logistics by 2,460.7% in the 1st quarter. Larson Financial Group LLC now owns 717 shares of the company’s stock worth $28,000 after purchasing an additional 689 shares in the last quarter. GAMMA Investing LLC increased its position in GXO Logistics by 57.0% in the first quarter. GAMMA Investing LLC now owns 832 shares of the company’s stock worth $33,000 after buying an additional 302 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of GXO Logistics by 1,964.4% in the second quarter. Hantz Financial Services Inc. now owns 929 shares of the company’s stock worth $45,000 after buying an additional 884 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of GXO Logistics by 72.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company’s stock valued at $37,000 after buying an additional 396 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of GXO Logistics by 63.2% during the 1st quarter. Covestor Ltd now owns 1,645 shares of the company’s stock valued at $64,000 after buying an additional 637 shares in the last quarter. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Performance

Shares of NYSE:GXO opened at $50.82 on Friday. The firm has a fifty day simple moving average of $52.87 and a two-hundred day simple moving average of $48.28. GXO Logistics, Inc. has a 52 week low of $30.46 and a 52 week high of $62.07. The company has a quick ratio of 0.76, a current ratio of 0.71 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $5.82 billion, a P/E ratio of 66.87, a PEG ratio of 2.13 and a beta of 1.64.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.01. GXO Logistics had a return on equity of 10.45% and a net margin of 0.69%.The company had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the previous year, the firm posted $0.79 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. GXO Logistics has set its FY 2025 guidance at 2.430-2.630 EPS. On average, analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GXO has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of GXO Logistics in a research note on Wednesday, October 8th. Susquehanna reaffirmed a “positive” rating and issued a $64.00 target price on shares of GXO Logistics in a report on Thursday. Barclays raised their price target on GXO Logistics from $45.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Oppenheimer lifted their price objective on shares of GXO Logistics from $55.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Finally, Truist Financial set a $65.00 target price on shares of GXO Logistics in a research note on Tuesday, October 14th. Eleven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $61.77.

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.