Stifel Financial Corp Buys 37,197 Shares of GXO Logistics, Inc. (NYSE:GXO)

Stifel Financial Corp raised its stake in shares of GXO Logistics, Inc. (NYSE:GXOFree Report) by 95.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 76,045 shares of the company’s stock after buying an additional 37,197 shares during the period. Stifel Financial Corp owned about 0.06% of GXO Logistics worth $3,960,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of GXO. American Century Companies Inc. boosted its holdings in shares of GXO Logistics by 25.2% in the second quarter. American Century Companies Inc. now owns 3,221,818 shares of the company’s stock worth $162,702,000 after buying an additional 648,547 shares during the last quarter. Fort Pitt Capital Group LLC boosted its stake in shares of GXO Logistics by 2.1% during the 3rd quarter. Fort Pitt Capital Group LLC now owns 2,467,814 shares of the company’s stock worth $128,499,000 after acquiring an additional 51,208 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of GXO Logistics by 11.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,398,933 shares of the company’s stock valued at $121,140,000 after acquiring an additional 240,766 shares during the period. Eminence Capital LP purchased a new stake in shares of GXO Logistics in the 2nd quarter worth $79,698,000. Finally, River Road Asset Management LLC raised its holdings in GXO Logistics by 40.4% in the 3rd quarter. River Road Asset Management LLC now owns 1,308,532 shares of the company’s stock worth $68,135,000 after purchasing an additional 376,704 shares during the period. 90.67% of the stock is owned by institutional investors.

GXO Logistics Trading Down 2.0 %

Shares of GXO Logistics stock opened at $47.54 on Tuesday. GXO Logistics, Inc. has a twelve month low of $46.07 and a twelve month high of $63.33. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. The business has a 50-day moving average price of $58.05 and a 200-day moving average price of $53.02. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 52.82, a PEG ratio of 1.49 and a beta of 1.52.

GXO Logistics (NYSE:GXOGet Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The company’s revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS. Equities research analysts anticipate that GXO Logistics, Inc. will post 2.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GXO has been the subject of several recent research reports. UBS Group boosted their price target on GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Susquehanna decreased their target price 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. TD Cowen upped their price target on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Oppenheimer raised their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Barclays dropped their target price on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.33.

Get Our Latest Stock Report on GXO

About GXO Logistics

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for GXO Logistics (NYSE:GXO)

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