GXO Logistics, Inc. (NYSE:GXO) Shares Purchased by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. boosted its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 19.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 472,438 shares of the company’s stock after acquiring an additional 76,137 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in GXO Logistics were worth $23,858,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GXO. Mather Group LLC. boosted its stake in shares of GXO Logistics by 170.7% in the second quarter. Mather Group LLC. now owns 1,110 shares of the company’s stock valued at $60,000 after purchasing an additional 700 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of GXO Logistics by 920.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,276 shares of the company’s stock worth $64,000 after acquiring an additional 1,151 shares in the last quarter. Motco increased its position in shares of GXO Logistics by 2,836.4% during the first quarter. Motco now owns 1,292 shares of the company’s stock worth $69,000 after acquiring an additional 1,248 shares during the period. Smithfield Trust Co increased its position in shares of GXO Logistics by 16.5% during the first quarter. Smithfield Trust Co now owns 1,378 shares of the company’s stock worth $73,000 after acquiring an additional 195 shares during the period. Finally, LRI Investments LLC acquired a new stake in GXO Logistics in the 1st quarter valued at about $80,000. 90.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. UBS Group reduced their price objective on shares of GXO Logistics from $71.00 to $66.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Wells Fargo & Company started coverage on shares of GXO Logistics in a research report on Friday, June 7th. They set an “overweight” rating and a $58.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, July 9th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $67.45.

GXO Logistics Stock Up 2.5 %

GXO stock opened at $50.75 on Monday. GXO Logistics, Inc. has a 12 month low of $46.07 and a 12 month high of $63.07. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 36.51, a price-to-earnings-growth ratio of 1.46 and a beta of 1.58. The company has a fifty day moving average price of $50.55 and a 200 day moving average price of $50.42.

GXO Logistics (NYSE:GXO) last announced its 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). GXO Logistics had a net margin of 1.35% and a return on equity of 9.86%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the company posted $0.70 earnings per share. GXO Logistics’s quarterly revenue was up 18.9% on a year-over-year basis. Sell-side analysts expect that GXO Logistics, Inc. will post 2.79 earnings per share for the current year.

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.