Gilman Hill Asset Management LLC has increased its holdings in GXO Logistics, Inc. (GXO:NYE) by 10.9% during the fourth quarter, according to a recent filing with the Securities & Exchange Commission. The firm now owns 53,027 shares of the GXO stock worth $2,264,000.
Hedge Funds & Institutional Holdings:
Other institutional investors have also modified their holdings in GXO Logistics, including Vanguard Group Inc., BlackRock Inc., Pendal Group Ltd, Neuberger Berman Group LLC, and State Street Corp. Analysts have recently given the stock a consensus rating of “Strong Buy” and an average price target of $57.10.
GXO Stock Price Analysis:
GXO Logistics opened at $47.27 on Tuesday, with a market cap of $5.61 billion. The firm has a P/E ratio of 28.14, a PEG ratio of 1.60, and a beta of 1.70. The company has a quick ratio of 0.96 and a current ratio of 0.96.
Quarterly Earnings Review:
In February, GXO Logistics reported $0.83 EPS for the quarter, beating the consensus estimate of $0.76 by $0.07. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. The company’s net margin was 2.19%, and the return on equity was 13.12%. Analysts predict that GXO Logistics will post 2.4 EPS for the current year.
GXO Stock-Insider Transactions:
Meanwhile, Director Gena L. Ashe sold 2,120 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th, according to a recent filing with the SEC. Ashe sold the GXO stock at an average price of $52.73, for a total value of $111,787.60.
11.10% of the stock is owned by corporate insiders.
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, 2022, it operated in approximately 979 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. GXO Logistics, Inc. was incorporated in 2021 and is headquartered in Greenwich, Connecticut.