Blue Zone Wealth Advisors LLC Has $2.52 Million Stake in GXO Logistics, Inc. (NYSE:GXO)

Blue Zone Wealth Advisors LLC boosted its position in GXO Logistics, Inc. (NYSE:GXO) by 0.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,898 shares of the company’s stock after buying an additional 229 shares during the period. Blue Zone Wealth Advisors LLC’s holdings in GXO Logistics were worth $2,521,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Hennion & Walsh Asset Management Inc. increased its stake in GXO Logistics by 21.1% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 21,487 shares of the company’s stock valued at $1,155,000 after purchasing an additional 3,740 shares in the last quarter. New England Research & Management Inc. increased its stake in GXO Logistics by 82.4% in the first quarter. New England Research & Management Inc. now owns 17,375 shares of the company’s stock valued at $934,000 after purchasing an additional 7,850 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in GXO Logistics by 35.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 44,308 shares of the company’s stock valued at $2,382,000 after purchasing an additional 11,543 shares in the last quarter. Security National Bank increased its stake in GXO Logistics by 0.5% in the first quarter. Security National Bank now owns 71,456 shares of the company’s stock valued at $3,841,000 after purchasing an additional 348 shares in the last quarter. Finally, Gilman Hill Asset Management LLC increased its stake in GXO Logistics by 26.0% in the first quarter. Gilman Hill Asset Management LLC now owns 70,746 shares of the company’s stock valued at $3,803,000 after purchasing an additional 14,590 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

Insider Activity at GXO Logistics

In other GXO Logistics news, CEO Malcolm Wilson bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was bought at an average cost of $49.95 per share, for a total transaction of $499,500.00. Following the completion of the transaction, the chief executive officer now owns 100,814 shares of the company’s stock, valued at approximately $5,035,659.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is currently owned by company insiders.

GXO Logistics Stock Up 1.8 %

NYSE:GXO traded up $0.90 on Friday, reaching $50.50. 1,493,114 shares of the stock traded hands, compared to its average volume of 875,824. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 1.52 and a beta of 1.61. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.52. GXO Logistics, Inc. has a 12 month low of $46.38 and a 12 month high of $67.57. The company’s fifty day simple moving average is $50.25 and its 200 day simple moving average is $53.14.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. GXO Logistics had a net margin of 1.68% and a return on equity of 10.60%. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same period in the previous year, the business posted $0.49 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts predict that GXO Logistics, Inc. will post 2.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GXO shares. BNP Paribas raised shares of GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price objective for the company in a research report on Wednesday, March 27th. Wells Fargo & Company began coverage on shares of GXO Logistics in a research note on Friday, June 7th. They set an “overweight” rating and a $58.00 price target on the stock. Morgan Stanley restated an “overweight” rating and set a $70.00 price target on shares of GXO Logistics in a research note on Tuesday, May 14th. Loop Capital dropped their price target on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Finally, JPMorgan Chase & Co. dropped their price target on shares of GXO Logistics from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.85.

GXO Logistics Company 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.