Stifel Financial Corp Boosts Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Stifel Financial Corp boosted its stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 95.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,045 shares of the company's stock after purchasing an additional 37,197 shares during the quarter. Stifel Financial Corp owned about 0.06% of GXO Logistics worth $3,960,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new position in GXO Logistics in the third quarter worth $28,000. UMB Bank n.a. grew its position in shares of GXO Logistics by 111.4% during the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company's stock worth $33,000 after buying an additional 331 shares during the period. Signaturefd LLC boosted its stake in GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company's stock worth $48,000 after acquiring an additional 249 shares during the last quarter. Hara Capital LLC acquired a new stake in shares of GXO Logistics during the third quarter worth about $50,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in GXO Logistics by 37.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company's stock valued at $54,000 after buying an additional 282 shares in the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Stock Performance

Shares of GXO Logistics stock traded down $0.59 during trading hours on Tuesday, reaching $46.94. The company had a trading volume of 1,949,751 shares, compared to its average volume of 965,078. The business has a fifty day simple moving average of $58.05 and a 200 day simple moving average of $53.02. The firm has a market cap of $5.61 billion, a PE ratio of 52.82, a price-to-earnings-growth ratio of 1.49 and a beta of 1.52. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. GXO Logistics, Inc. has a one year low of $46.07 and a one year high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.01. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The business's revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 EPS. On average, analysts anticipate that GXO Logistics, Inc. will post 2.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GXO shares. UBS Group upped their price objective on GXO Logistics from $66.00 to $72.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Susquehanna lowered their target price on GXO Logistics from $75.00 to $73.00 and set a "positive" rating for the company in a research note on Thursday, September 26th. Oppenheimer upped their price objective on GXO Logistics from $63.00 to $67.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. TD Cowen lifted their target price on GXO Logistics from $82.00 to $83.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, Barclays decreased their price target on GXO Logistics from $60.00 to $52.00 and set an "equal weight" rating for the company in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, GXO Logistics presently has an average rating of "Moderate Buy" and a consensus target price of $66.33.

GXO Logistics Company 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.