JPMorgan Chase & Co. Has $19.05 Million Holdings in GXO Logistics, Inc. $GXO

JPMorgan Chase & Co. trimmed its holdings in GXO Logistics, Inc. (NYSE:GXO) by 4.3% in the third quarter, Holdings Channel reports. The fund owned 360,259 shares of the company’s stock after selling 16,217 shares during the period. JPMorgan Chase & Co.’s holdings in GXO Logistics were worth $19,054,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its position in shares of GXO Logistics by 15.1% in the 3rd quarter. Principal Financial Group Inc. now owns 404,878 shares of the company’s stock valued at $21,414,000 after purchasing an additional 52,979 shares during the period. New York State Common Retirement Fund lifted its stake in GXO Logistics by 22.0% in the third quarter. New York State Common Retirement Fund now owns 259,492 shares of the company’s stock valued at $13,725,000 after buying an additional 46,853 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new position in shares of GXO Logistics in the third quarter valued at approximately $795,000. Envestnet Asset Management Inc. increased its position in shares of GXO Logistics by 6.5% during the second quarter. Envestnet Asset Management Inc. now owns 63,797 shares of the company’s stock worth $3,107,000 after acquiring an additional 3,914 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of GXO Logistics during the second quarter worth $225,000. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Stock Performance

NYSE GXO opened at $63.28 on Tuesday. The firm has a market capitalization of $7.26 billion, a P/E ratio of 210.93, a price-to-earnings-growth ratio of 2.13 and a beta of 1.65. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.87. The firm’s fifty day moving average price is $58.41 and its two-hundred day moving average price is $54.42. GXO Logistics, Inc. has a 1 year low of $30.46 and a 1 year high of $66.85.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.04. GXO Logistics had a net margin of 0.24% and a return on equity of 9.83%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 EPS. As a group, research analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Analyst Upgrades and Downgrades

GXO has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Thursday, November 6th. Weiss Ratings raised GXO Logistics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 21st. Stifel Nicolaus set a $70.00 target price on GXO Logistics in a research report on Thursday, February 12th. Citigroup upped their price target on GXO Logistics from $66.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. raised their price target on shares of GXO Logistics from $66.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.17.

GXO Logistics Company Profile

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.