California Public Employees Retirement System Increases Stock Holdings in GXO Logistics, Inc. $GXO

California Public Employees Retirement System raised its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 12.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 230,369 shares of the company’s stock after acquiring an additional 25,857 shares during the quarter. California Public Employees Retirement System’s holdings in GXO Logistics were worth $11,945,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP boosted its holdings in GXO Logistics by 175.0% in the third quarter. Allworth Financial LP now owns 517 shares of the company’s stock worth $27,000 after acquiring an additional 329 shares in the last quarter. Chapman Financial Group LLC bought a new position in GXO Logistics during the 2nd quarter valued at about $34,000. Farther Finance Advisors LLC boosted its holdings in shares of GXO Logistics by 85.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,420 shares of the company’s stock valued at $75,000 after acquiring an additional 653 shares during the last quarter. Danske Bank A S purchased a new stake in shares of GXO Logistics during the 3rd quarter valued at about $79,000. Finally, CIBC Private Wealth Group LLC grew its stake in shares of GXO Logistics by 201.3% in the third quarter. CIBC Private Wealth Group LLC now owns 1,621 shares of the company’s stock worth $86,000 after acquiring an additional 1,083 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Price Performance

NYSE:GXO opened at $52.66 on Friday. The firm’s fifty day moving average is $50.14 and its two-hundred day moving average is $54.23. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 46.20, a PEG ratio of 1.74 and a beta of 1.55. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.85 and a current ratio of 0.85. 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 firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.22 billion. GXO Logistics had a return on equity of 10.55% and a net margin of 0.98%.The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 earnings per share. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. Research analysts expect that GXO Logistics, Inc. will post 3.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Stephens started coverage on shares of GXO Logistics in a report on Wednesday, July 8th. They issued an “overweight” rating and a $75.00 price objective on the stock. Stifel Nicolaus cut their price objective on GXO Logistics from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Morgan Stanley increased their price objective on shares of GXO Logistics from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Truist Financial lowered their price objective on GXO Logistics from $70.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Finally, Citigroup began coverage on GXO Logistics in a report on Wednesday, July 15th. They issued a “market outperform” rating for the company. Twelve investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, GXO Logistics has an average rating of “Moderate Buy” and a consensus target price of $70.07.

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.