GXO Logistics, Inc. $GXO Shares Bought by Sigma Planning Corp

Sigma Planning Corp lifted its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 11.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,107 shares of the company’s stock after acquiring an additional 1,394 shares during the quarter. Sigma Planning Corp’s holdings in GXO Logistics were worth $687,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of GXO Logistics in a report on Wednesday, October 8th. Wells Fargo & Company lifted their price objective on shares of GXO Logistics from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Susquehanna reiterated a “positive” rating and issued a $64.00 target price on shares of GXO Logistics in a report on Thursday. Oppenheimer increased their target price on shares of GXO Logistics from $55.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of GXO Logistics from $66.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday. Eleven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.77.

GXO Logistics Stock Performance

GXO Logistics stock opened at $50.83 on Friday. GXO Logistics, Inc. has a fifty-two week low of $30.46 and a fifty-two week high of $61.90. The firm’s 50 day simple moving average is $52.83 and its 200-day simple moving average is $48.41. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.71 and a quick ratio of 0.76. The company has a market cap of $5.82 billion, a P/E ratio of 66.88, a price-to-earnings-growth ratio of 2.06 and a beta of 1.64.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. GXO Logistics had a net margin of 0.69% and a return on equity of 10.45%. The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the firm earned $0.79 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. GXO Logistics has set its FY 2025 guidance at 2.430-2.630 EPS. As a group, equities research analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current year.

About GXO Logistics

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.