Cambridge Investment Research Advisors Inc. Increases Stake in GXO Logistics, Inc. (NYSE:GXO)

Cambridge Investment Research Advisors Inc. raised its holdings in shares of GXO Logistics, Inc. (NYSE:GXOGet Rating) by 39.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 30,910 shares of the company’s stock after acquiring an additional 8,709 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in GXO Logistics were worth $2,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the business. Mastrapasqua Asset Management Inc. increased its holdings in GXO Logistics by 0.5% during the fourth quarter. Mastrapasqua Asset Management Inc. now owns 27,445 shares of the company’s stock valued at $2,493,000 after buying an additional 125 shares during the last quarter. AE Wealth Management LLC increased its holdings in GXO Logistics by 4.9% during the fourth quarter. AE Wealth Management LLC now owns 3,289 shares of the company’s stock valued at $299,000 after buying an additional 154 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in GXO Logistics by 3.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,982 shares of the company’s stock valued at $453,000 after buying an additional 184 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in GXO Logistics by 0.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 25,300 shares of the company’s stock valued at $2,298,000 after buying an additional 200 shares during the last quarter. Finally, State of Michigan Retirement System increased its holdings in GXO Logistics by 1.2% during the fourth quarter. State of Michigan Retirement System now owns 24,960 shares of the company’s stock valued at $2,267,000 after buying an additional 300 shares during the last quarter. 74.63% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have commented on GXO. Stifel Nicolaus began coverage on shares of GXO Logistics in a report on Tuesday, March 1st. They set a “buy” rating and a $94.00 target price for the company. JPMorgan Chase & Co. dropped their price target on shares of GXO Logistics from $100.00 to $86.00 and set an “overweight” rating for the company in a research report on Friday, April 8th. Morgan Stanley upped their price target on shares of GXO Logistics from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Monday, April 4th. Wells Fargo & Company upped their price target on shares of GXO Logistics from $105.00 to $110.00 in a research report on Thursday, February 17th. Finally, Citigroup dropped their price target on shares of GXO Logistics from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $99.13.

Shares of NYSE:GXO opened at $61.34 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a fifty day moving average price of $71.95 and a 200 day moving average price of $82.74. GXO Logistics, Inc. has a fifty-two week low of $48.38 and a fifty-two week high of $105.92.

GXO Logistics (NYSE:GXOGet Rating) last issued its earnings results on Tuesday, February 15th. The company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.17. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.05 billion. GXO Logistics’s revenue was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 EPS. Research analysts expect that GXO Logistics, Inc. will post 2.81 earnings per share for the current fiscal year.

In related news, Director S Jacobs Bradley sold 5,447,500 shares of the company’s stock in a transaction on Wednesday, April 13th. The shares were sold at an average price of $57.24, for a total transaction of $311,814,900.00. Following the sale, the director now owns 6,468,201 shares of the company’s stock, valued at $370,239,825.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gena L. Ashe sold 3,527 shares of the company’s stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $80.00, for a total transaction of $282,160.00. The disclosure for this sale can be found here.

About GXO Logistics (Get Rating)

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, and other supply chain services, as well as reverse logistics or returns management services. As of December 31, 2021, it operated in approximately 906 facilities.

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Institutional Ownership by Quarter for GXO Logistics (NYSE:GXO)

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