Gilman Hill Asset Management LLC Increases Holdings in GXO Logistics, Inc. (NYSE:GXO)

Gilman Hill Asset Management LLC grew its holdings in shares of GXO Logistics, Inc. (NYSE:GXOGet Rating) by 108.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,309 shares of the company’s stock after buying an additional 19,902 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in GXO Logistics were worth $1,658,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its holdings in GXO Logistics by 0.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 36,110 shares of the company’s stock valued at $2,577,000 after purchasing an additional 199 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in GXO Logistics by 18.8% during the 1st quarter. First Horizon Advisors Inc. now owns 1,276 shares of the company’s stock valued at $91,000 after purchasing an additional 202 shares during the last quarter. Seelaus Asset Management LLC grew its holdings in GXO Logistics by 3.4% during the 1st quarter. Seelaus Asset Management LLC now owns 6,499 shares of the company’s stock valued at $464,000 after purchasing an additional 212 shares during the last quarter. First Bank & Trust grew its holdings in GXO Logistics by 8.6% during the 1st quarter. First Bank & Trust now owns 3,261 shares of the company’s stock valued at $233,000 after purchasing an additional 257 shares during the last quarter. Finally, abrdn plc grew its holdings in GXO Logistics by 1.8% during the 4th quarter. abrdn plc now owns 17,143 shares of the company’s stock valued at $1,557,000 after purchasing an additional 298 shares during the last quarter. 83.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Susquehanna Bancshares upped their price target on shares of GXO Logistics from $61.00 to $65.00 in a report on Thursday, August 4th. Cowen upped their target price on shares of GXO Logistics from $64.00 to $67.00 in a research note on Thursday, August 4th. Susquehanna upped their target price on shares of GXO Logistics from $61.00 to $65.00 in a research note on Thursday, August 4th. Barclays dropped their target price on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 12th. Finally, Citigroup upped their target price on shares of GXO Logistics to $61.00 in a research note on Tuesday, August 9th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.65.

Insiders Place Their Bets

In other GXO Logistics news, Director S Jacobs Bradley sold 5,167,500 shares of the firm’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $48.35, for a total value of $249,848,625.00. Following the completion of the transaction, the director now owns 1,300,701 shares of the company’s stock, valued at $62,888,893.35. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 11.10% of the company’s stock.

GXO Logistics Stock Down 4.2 %

NYSE:GXO traded down $1.62 during midday trading on Friday, reaching $37.08. 5,502 shares of the stock traded hands, compared to its average volume of 1,200,988. GXO Logistics, Inc. has a 12-month low of $38.08 and a 12-month high of $105.92. The business has a 50-day moving average of $45.49 and a two-hundred day moving average of $53.31. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $4.40 billion and a PE ratio of 20.81.

GXO Logistics (NYSE:GXOGet Rating) last posted its earnings results on Tuesday, August 2nd. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.11 billion. GXO Logistics had a net margin of 2.55% and a return on equity of 12.25%. On average, equities analysts forecast that GXO Logistics, Inc. will post 2.82 earnings per share for the current fiscal year.

GXO Logistics Profile

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GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, and other supply chain services, as well as reverse logistics or returns management services. As of December 31, 2021, it operated in approximately 906 facilities.

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

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