18,861 Shares in GXO Logistics, Inc. (NYSE:GXO) Purchased by George Kaiser Family Foundation

George Kaiser Family Foundation bought a new position in shares of GXO Logistics, Inc. (NYSE:GXO) during the 1st quarter, Holdings Channel.com reports. The firm bought 18,861 shares of the company’s stock, valued at approximately $1,014,000. GXO Logistics makes up 0.2% of George Kaiser Family Foundation’s investment portfolio, making the stock its 15th biggest position.

Several other large investors have also recently added to or reduced their stakes in the business. Mendel Money Management raised its holdings in shares of GXO Logistics by 204.0% in the 1st quarter. Mendel Money Management now owns 64,843 shares of the company’s stock worth $3,486,000 after purchasing an additional 127,201 shares during the period. Alta Wealth Advisors LLC raised its holdings in shares of GXO Logistics by 10.4% in the 1st quarter. Alta Wealth Advisors LLC now owns 13,155 shares of the company’s stock worth $707,000 after purchasing an additional 1,240 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of GXO Logistics by 25.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,591 shares of the company’s stock worth $1,752,000 after purchasing an additional 6,653 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of GXO Logistics by 2.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 14,741 shares of the company’s stock worth $792,000 after purchasing an additional 361 shares during the period. Finally, Diversify Advisory Services LLC purchased a new position in shares of GXO Logistics in the 1st quarter worth about $332,000. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on GXO. Stifel Nicolaus reiterated a “buy” rating and set a $74.00 target price on shares of GXO Logistics in a report on Wednesday, May 15th. BNP Paribas upgraded GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 target price on the stock in a report on Wednesday, March 27th. JPMorgan Chase & Co. raised their target price on GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday. Loop Capital dropped their target price on GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Finally, TD Cowen raised their target price on GXO Logistics from $80.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, May 9th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $68.69.

Insider Transactions at GXO Logistics

In related news, CEO Malcolm Wilson purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were acquired at an average price of $49.95 per share, with a total value of $499,500.00. Following the acquisition, the chief executive officer now owns 100,814 shares in the company, valued at approximately $5,035,659.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.20% of the company’s stock.

GXO Logistics Stock Up 7.0 %

NYSE GXO traded up $3.41 during mid-day trading on Thursday, reaching $52.06. 1,137,465 shares of the company’s stock traded hands, compared to its average volume of 874,685. GXO Logistics, Inc. has a 1-year low of $46.38 and a 1-year high of $67.57. The company has a fifty day simple moving average of $50.13 and a 200-day simple moving average of $52.47. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.52. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 37.45, a P/E/G ratio of 1.47 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last issued its earnings results on Tuesday, May 7th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.38 billion. GXO Logistics had a return on equity of 10.60% and a net margin of 1.68%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. As a group, equities research analysts expect that GXO Logistics, Inc. will post 2.77 EPS for the current year.

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.