GXO Logistics, Inc. $GXO Shares Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC boosted its holdings in GXO Logistics, Inc. (NYSE:GXO) by 61.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 195,106 shares of the company’s stock after acquiring an additional 74,064 shares during the period. Segall Bryant & Hamill LLC’s holdings in GXO Logistics were worth $10,319,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Accredited Wealth Management LLC grew its holdings in shares of GXO Logistics by 1,100.0% during the third quarter. Accredited Wealth Management LLC now owns 600 shares of the company’s stock valued at $32,000 after purchasing an additional 550 shares during the last quarter. Chapman Financial Group LLC acquired a new position in GXO Logistics during the 2nd quarter valued at approximately $34,000. Farther Finance Advisors LLC grew its stake in GXO Logistics by 177.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 767 shares of the company’s stock worth $41,000 after buying an additional 491 shares during the last quarter. Hantz Financial Services Inc. grew its stake in GXO Logistics by 1,964.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 929 shares of the company’s stock worth $45,000 after buying an additional 884 shares during the last quarter. Finally, Quent Capital LLC acquired a new stake in GXO Logistics in the third quarter worth $50,000. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GXO. Weiss Ratings downgraded shares of GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Citigroup lifted their price objective on shares of GXO Logistics from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. UBS Group boosted their target price on shares of GXO Logistics from $63.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Oppenheimer restated an “outperform” rating and issued a $70.00 price target on shares of GXO Logistics in a research note on Thursday, February 12th. Finally, Susquehanna reaffirmed a “positive” rating and set a $82.00 price target on shares of GXO Logistics in a report on Thursday, February 12th. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.17.

GXO Logistics Stock Performance

GXO stock opened at $59.79 on Thursday. The company has a 50-day simple moving average of $58.66 and a 200 day simple moving average of $54.52. The company has a market capitalization of $6.86 billion, a P/E ratio of 199.30, a PEG ratio of 2.06 and a beta of 1.62. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.87. GXO Logistics, Inc. has a fifty-two week low of $30.46 and a fifty-two week high of $66.85.

GXO Logistics (NYSE:GXO) last released its earnings results on Tuesday, February 10th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. GXO Logistics had a net margin of 0.24% and a return on equity of 9.83%. During the same quarter in the previous year, the business posted $1.00 EPS. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. Sell-side analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

GXO Logistics 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.