GXO Logistics (NYSE:GXO) Reaches New 1-Year Low at $46.07

Shares of GXO Logistics, Inc. (NYSE:GXO) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $46.07 and last traded at $46.38, with a volume of 364148 shares trading hands. The stock had previously closed at $47.75.

Wall Street Analysts Forecast Growth

GXO has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price target on GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Wells Fargo & Company started coverage on GXO Logistics in a research note on Friday, June 7th. They set an “overweight” rating and a $58.00 target price for the company. Stifel Nicolaus restated a “buy” rating and issued a $74.00 price target on shares of GXO Logistics in a research note on Wednesday, May 15th. Loop Capital reduced their price objective 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, UBS Group decreased their price objective on shares of GXO Logistics from $71.00 to $66.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, GXO Logistics currently has an average rating of “Moderate Buy” and an average price target of $67.45.

GXO Logistics Stock Performance

The company has a 50-day moving average price of $50.56 and a 200-day moving average price of $51.32. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 33.71, a P/E/G ratio of 1.63 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.73 billion. GXO Logistics had a return on equity of 10.60% and a net margin of 1.68%. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 earnings per share. As a group, equities research analysts forecast that GXO Logistics, Inc. will post 2.78 earnings per share for the current year.

Insider Buying and Selling

In other GXO Logistics news, CEO Malcolm Wilson acquired 10,000 shares of the stock in a transaction dated Tuesday, June 11th. The shares were bought at an average price of $49.95 per share, with a total value of $499,500.00. Following the purchase, the chief executive officer now directly owns 100,814 shares of the company’s stock, valued at approximately $5,035,659.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of GXO Logistics

Several institutional investors and hedge funds have recently bought and sold shares of GXO. Headlands Technologies LLC acquired a new stake in GXO Logistics during the 4th quarter valued at $59,000. Mather Group LLC. boosted its position in GXO Logistics by 170.7% during the 2nd quarter. Mather Group LLC. now owns 1,110 shares of the company’s stock worth $60,000 after acquiring an additional 700 shares during the period. Allspring Global Investments Holdings LLC grew its stake in GXO Logistics by 920.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,276 shares of the company’s stock valued at $64,000 after acquiring an additional 1,151 shares in the last quarter. Motco grew its stake in GXO Logistics by 2,836.4% during the 1st quarter. Motco now owns 1,292 shares of the company’s stock valued at $69,000 after acquiring an additional 1,248 shares in the last quarter. Finally, Smithfield Trust Co lifted its position in shares of GXO Logistics by 16.5% in the first quarter. Smithfield Trust Co now owns 1,378 shares of the company’s stock worth $73,000 after purchasing an additional 195 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

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.