Norges Bank Purchases New Stake in GXO Logistics, Inc. $GXO

Norges Bank purchased a new stake in shares of GXO Logistics, Inc. (NYSE:GXO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,094,178 shares of the company’s stock, valued at approximately $57,598,000.

Several other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in GXO Logistics by 15.1% during the 3rd quarter. Principal Financial Group Inc. now owns 404,878 shares of the company’s stock worth $21,414,000 after purchasing an additional 52,979 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of GXO Logistics in the third quarter valued at approximately $11,960,000. Dimensional Fund Advisors LP lifted its holdings in shares of GXO Logistics by 3.0% in the third quarter. Dimensional Fund Advisors LP now owns 4,206,334 shares of the company’s stock valued at $222,473,000 after purchasing an additional 121,486 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of GXO Logistics by 24.5% during the third quarter. William Blair Investment Management LLC now owns 660,919 shares of the company’s stock valued at $34,956,000 after buying an additional 129,920 shares during the last quarter. Finally, Comerica Bank boosted its position in shares of GXO Logistics by 76.2% during the fourth quarter. Comerica Bank now owns 122,446 shares of the company’s stock valued at $6,446,000 after buying an additional 52,950 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. UBS Group increased their price target on GXO Logistics from $63.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Citigroup upped their target price on shares of GXO Logistics from $66.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Wall Street Zen upgraded shares of GXO Logistics from a “hold” rating to a “buy” rating in a report on Sunday, May 31st. Truist Financial raised their price target on shares of GXO Logistics from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Finally, Oppenheimer restated an “outperform” rating and set a $70.00 price target on shares of GXO Logistics in a report on Thursday, February 12th. Eleven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, GXO Logistics presently has an average rating of “Moderate Buy” and a consensus price target of $69.92.

GXO Logistics Stock Performance

Shares of GXO Logistics stock opened at $48.68 on Monday. The business’s fifty day simple moving average is $52.31 and its 200 day simple moving average is $54.49. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.88. GXO Logistics, Inc. has a 12 month low of $42.09 and a 12 month high of $66.85. The firm has a market capitalization of $5.60 billion, a P/E ratio of 42.71, a price-to-earnings-growth ratio of 1.62 and a beta of 1.56.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. GXO Logistics had a return on equity of 10.55% and a net margin of 0.98%.The firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.22 billion. During the same quarter in the prior year, the company earned $0.29 EPS. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. As a group, analysts anticipate that GXO Logistics, Inc. will post 3.06 EPS for the current year.

About GXO Logistics

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.