Sei Investments Co. Raises Position in GXO Logistics, Inc. $GXO

Sei Investments Co. raised its position in GXO Logistics, Inc. (NYSE:GXO) by 14.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 133,397 shares of the company’s stock after buying an additional 16,542 shares during the period. Sei Investments Co. owned about 0.12% of GXO Logistics worth $6,917,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GXO. State of Wyoming raised its holdings in shares of GXO Logistics by 24.0% during the first quarter. State of Wyoming now owns 9,475 shares of the company’s stock valued at $491,000 after acquiring an additional 1,832 shares during the last quarter. First Trust Advisors LP increased its position in shares of GXO Logistics by 94.0% during the first quarter. First Trust Advisors LP now owns 211,416 shares of the company’s stock worth $10,962,000 after purchasing an additional 102,432 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of GXO Logistics during the first quarter worth approximately $104,000. Dimensional Fund Advisors LP raised its stake in GXO Logistics by 8.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,866,867 shares of the company’s stock valued at $252,318,000 after purchasing an additional 371,391 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in GXO Logistics by 9.4% in the 1st quarter. Parallel Advisors LLC now owns 2,723 shares of the company’s stock valued at $141,000 after purchasing an additional 233 shares during the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

GXO Logistics Trading Up 0.9%

Shares of GXO Logistics stock opened at $50.59 on Tuesday. The stock has a 50 day moving average of $50.69 and a 200 day moving average of $54.01. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 44.38, a PEG ratio of 1.66 and a beta of 1.55. GXO Logistics, Inc. has a fifty-two week low of $45.40 and a fifty-two week high of $66.85.

GXO Logistics (NYSE:GXO) last posted its earnings results on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. The company 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 for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 earnings per share. As a group, research analysts predict that GXO Logistics, Inc. will post 3.07 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on GXO. Weiss Ratings raised shares of GXO Logistics from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Truist Financial decreased their price target on shares of GXO Logistics from $70.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Barclays upgraded shares of GXO Logistics from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $58.00 to $65.00 in a research report on Wednesday, May 27th. Wall Street Zen cut shares of GXO Logistics from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, 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 report on Monday, July 6th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, GXO Logistics presently has an average rating of “Moderate Buy” and a consensus price target of $66.71.

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.