Edgestream Partners L.P. Grows Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Edgestream Partners L.P. lifted its stake in GXO Logistics, Inc. (NYSE:GXO) by 31.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 129,120 shares of the company’s stock after purchasing an additional 30,768 shares during the period. Edgestream Partners L.P. owned 0.11% of GXO Logistics worth $6,521,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Mather Group LLC. grew its holdings in shares of 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 lifted its position in GXO Logistics by 920.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,276 shares of the company’s stock valued at $64,000 after buying an additional 1,151 shares during the period. Motco boosted its holdings in shares of 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 buying an additional 1,248 shares in the last quarter. Smithfield Trust Co increased its stake in shares of GXO Logistics by 16.5% in the 1st quarter. Smithfield Trust Co now owns 1,378 shares of the company’s stock worth $73,000 after acquiring an additional 195 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in GXO Logistics during the 1st quarter valued at about $80,000. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Price Performance

NYSE GXO opened at $51.07 on Tuesday. The company has a 50-day moving average price of $50.59 and a 200-day moving average price of $50.42. GXO Logistics, Inc. has a 52 week low of $46.07 and a 52 week high of $63.07. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $6.10 billion, a P/E ratio of 36.74, a PEG ratio of 1.46 and a beta of 1.58.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the business posted $0.70 earnings per share. The firm’s revenue was up 18.9% on a year-over-year basis. Equities research analysts anticipate that GXO Logistics, Inc. will post 2.79 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

GXO Logistics 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.