Principal Financial Group Inc. Buys 17,884 Shares of GXO Logistics, Inc. $GXO

Principal Financial Group Inc. boosted its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 4.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 441,282 shares of the company’s stock after buying an additional 17,884 shares during the period. Principal Financial Group Inc. owned approximately 0.38% of GXO Logistics worth $22,880,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Comerica Bank raised its stake in shares of GXO Logistics by 76.2% in the fourth quarter. Comerica Bank now owns 122,446 shares of the company’s stock valued at $6,446,000 after acquiring an additional 52,950 shares during the period. SG Americas Securities LLC boosted its stake in shares of GXO Logistics by 1,381.4% during the 4th quarter. SG Americas Securities LLC now owns 203,407 shares of the company’s stock worth $10,707,000 after purchasing an additional 189,676 shares during the period. Exchange Traded Concepts LLC grew its holdings in GXO Logistics by 16.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 250,057 shares of the company’s stock valued at $13,163,000 after purchasing an additional 36,036 shares during the last quarter. Maxi Investments CY Ltd bought a new position in GXO Logistics during the 4th quarter valued at about $1,748,000. Finally, UBS Group AG raised its position in GXO Logistics by 25.8% in the 4th quarter. UBS Group AG now owns 1,018,649 shares of the company’s stock worth $53,622,000 after purchasing an additional 208,748 shares during the period. 90.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GXO shares. Wall Street Zen lowered GXO Logistics from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Stephens assumed coverage on GXO Logistics in a report on Wednesday, July 8th. They issued an “overweight” rating and a $75.00 price target on the stock. Wells Fargo & Company decreased their price target on GXO Logistics from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Citizens Jmp started coverage on GXO Logistics in a report on Wednesday, July 15th. They set a “market perform” rating and a $80.00 price objective for the company. Finally, Stifel Nicolaus cut their price objective on GXO Logistics from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Twelve research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $70.07.

GXO Logistics Price Performance

Shares of GXO stock opened at $54.09 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $6.22 billion, a P/E ratio of 47.45, a P/E/G ratio of 1.75 and a beta of 1.55. The company’s 50-day simple moving average is $49.91 and its two-hundred day simple moving average is $54.24. GXO Logistics, Inc. has a one year low of $45.40 and a one year high of $66.85.

GXO Logistics (NYSE:GXO) last issued its earnings results on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.13. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.22 billion. GXO Logistics had a net margin of 0.98% and a return on equity of 10.55%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company posted $0.29 earnings per share. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. As a group, equities analysts anticipate that GXO Logistics, Inc. will post 3.07 EPS for the current year.

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.