Private Trust Co. NA has disclosed the purchase of a new stake in GXO Logistics, Inc. (GXO:NYE) during the fourth quarter. The company bought 2,083 shares of the GXO stock, valued at $89,000.
Other hedge funds have also recently purchased and sold shares of GXO, including Geneos Wealth Management Inc., Wipfli Financial Advisors LLC, Fifth Third Bancorp, CWM LLC, and Repertoire Partners LP.
Institutional investors and hedge funds now own 99.47% of the GXO stock.
In other news, Director Gena L. Ashe has sold 2,120 shares of GXO Logistics stock, valued at $111,787.60, in a transaction that occurred on January 17th. Company insiders now own 11.10% of the company’s stock.
GXO Stock-Analyst Ratings:
Several research firms have issued reports on GXO. Barclays increased its price target from $52.00 to $55.00, while BNP Paribas lowered GXO Logistics from a “neutral” rating to an “underperform” rating and set a $40.00 target price on the stock.
Wells Fargo & Company cut its target price from $70.00 to $67.00, and Susquehanna raised its target price on GXO Logistics from $53.00 to $62.00. Loop Capital raised its target price on GXO Logistics from $67.00 to $74.00.
According to Stock Target Advisor, GXO Logistics currently has an average rating of “Strong Buy” and a consensus target price of $56.93.
GXO Stock Price Analysis:
As of Thursday, GXO Logistics is trading up 3.3% at $49.15. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 29.26, a price-to-earnings-growth ratio of 1.60, and a beta of 1.70. The company has a 52-week low of $32.10 and a 52-week high of $78.68.
The business’s 50-day moving average is $50.06, and its 200-day moving average is $44.35. The company has a quick ratio and current ratio of 0.96 and a debt-to-equity ratio of 0.65.
Quarterly Earnings Review:
GXO Logistics reported EPS of $0.83 for the fourth quarter, exceeding the consensus estimate of $0.76 by $0.07. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. Research analysts predict that GXO Logistics, Inc. will post 2.4 EPS for the current year.
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.