Teachers Retirement System of The State of Kentucky Invests $1.19 Million in GXO Logistics Inc (NYSE:GXO)

Teachers Retirement System of The State of Kentucky purchased a new stake in shares of GXO Logistics Inc (NYSE:GXO) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,200 shares of the company’s stock, valued at approximately $1,192,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GXO. Capital Analysts LLC bought a new stake in shares of GXO Logistics in the 3rd quarter worth about $25,000. Fifth Third Bancorp purchased a new position in GXO Logistics in the third quarter worth about $27,000. Sterling Investment Advisors Ltd. bought a new stake in GXO Logistics during the third quarter worth approximately $39,000. Archer Investment Corp purchased a new stake in GXO Logistics during the third quarter valued at approximately $43,000. Finally, Herold Advisors Inc. bought a new stake in shares of GXO Logistics in the 3rd quarter valued at approximately $58,000. Institutional investors and hedge funds own 71.23% of the company’s stock.

GXO opened at $91.30 on Friday. The business has a 50 day simple moving average of $92.27. GXO Logistics Inc has a 1-year low of $48.38 and a 1-year high of $105.92. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.87 and a current ratio of 0.87.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Sunday, October 31st. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.51 by $0.05. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.90 billion. The firm’s revenue was up 24.6% compared to the same quarter last year. Sell-side analysts forecast that GXO Logistics Inc will post 1.94 EPS for the current fiscal year.

Several research firms recently weighed in on GXO. Susquehanna Bancshares increased their price target on GXO Logistics from $95.00 to $109.00 and gave the company a “positive” rating in a report on Wednesday, November 3rd. Susquehanna increased their target price on shares of GXO Logistics from $95.00 to $109.00 and gave the company a “positive” rating in a research note on Wednesday, November 3rd. The Goldman Sachs Group boosted their price objective on GXO Logistics from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, September 29th. Oppenheimer raised their target price on shares of GXO Logistics from $91.00 to $108.00 and gave the stock an “outperform” rating in a research report on Thursday, November 4th. Finally, Zacks Investment Research upgraded GXO Logistics from a “hold” rating to a “strong-buy” rating and set a $103.00 price objective on the stock in a report on Wednesday, January 5th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, GXO Logistics currently has a consensus rating of “Buy” and a consensus target price of $101.40.

In related news, Director S Jacobs Bradley sold 3,217,500 shares of the firm’s stock in a transaction dated Thursday, December 9th. The shares were sold at an average price of $86.40, for a total transaction of $277,992,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

GXO Logistics Company Profile

GXO Logistics Inc is a pure-play contract logistics provider. GXO Logistics Inc is headquartered in Conn., USA.

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

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