Firetrail Investments PTY Ltd. purchased a new stake in GXO Logistics, Inc. (NYSE:GXO – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 124,971 shares of the company’s stock, valued at approximately $6,298,000. GXO Logistics accounts for about 1.8% of Firetrail Investments PTY Ltd.’s investment portfolio, making the stock its 24th largest holding.
Several other large investors also recently added to or reduced their stakes in the stock. Allworth Financial LP increased its stake in shares of GXO Logistics by 175.0% in the 3rd quarter. Allworth Financial LP now owns 517 shares of the company’s stock worth $27,000 after acquiring an additional 329 shares during the last quarter. Chapman Financial Group LLC purchased a new position in shares of GXO Logistics during the 2nd quarter worth $34,000. Farther Finance Advisors LLC boosted its position in shares of GXO Logistics by 85.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,420 shares of the company’s stock valued at $75,000 after acquiring an additional 653 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of GXO Logistics by 4,775.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock valued at $78,000 after acquiring an additional 1,958 shares during the last quarter. Finally, Danske Bank A S purchased a new stake in shares of GXO Logistics in the third quarter valued at about $79,000. 90.67% of the stock is currently owned by hedge funds and other institutional investors.
GXO Logistics Price Performance
Shares of GXO opened at $48.59 on Monday. The firm has a 50-day simple moving average of $50.44 and a two-hundred day simple moving average of $53.47. The stock has a market cap of $5.57 billion, a PE ratio of 43.00, a P/E/G ratio of 1.51 and a beta of 1.55. GXO Logistics, Inc. has a 1-year low of $45.40 and a 1-year high of $66.85. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.79 and a quick ratio of 0.79.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. Truist Financial cut their price objective on shares of GXO Logistics from $70.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Barclays upgraded shares of GXO Logistics from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $58.00 to $65.00 in a report on Wednesday, May 27th. Oppenheimer set a $61.00 price target on shares of GXO Logistics in a report on Thursday, August 6th. Morgan Stanley lifted their price target on shares of GXO Logistics from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Finally, Wells Fargo & Company started coverage on GXO Logistics in a report on Tuesday, July 28th. They issued an “overweight” rating and a $18.00 price objective on the stock. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $63.93.
View Our Latest Stock Report on GXO
GXO Logistics Profile
GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.
The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.
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