GXO Logistics (NYSE:GXO) Hits New 12-Month High – Time to Buy?

Shares of GXO Logistics, Inc. (NYSE:GXO) reached a new 52-week high on Tuesday . The stock traded as high as $58.38 and last traded at $57.2350, with a volume of 488542 shares trading hands. The stock had previously closed at $56.94.

Analyst Ratings Changes

GXO has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of GXO Logistics from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Stifel Nicolaus lowered their price target on GXO Logistics from $67.00 to $66.00 and set a “buy” rating for the company in a report on Tuesday, December 16th. JPMorgan Chase & Co. raised their price objective on GXO Logistics from $66.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Truist Financial set a $65.00 target price on shares of GXO Logistics in a research report on Tuesday, October 14th. Finally, Morgan Stanley increased their price target on GXO Logistics from $58.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, December 8th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.67.

GXO Logistics Trading Down 3.3%

The business’s 50 day moving average is $54.76 and its 200 day moving average is $52.92. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 74.06, a P/E/G ratio of 1.91 and a beta of 1.65. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.71 and a quick ratio of 0.71.

GXO Logistics (NYSE:GXO) last issued its earnings results on Tuesday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. The business had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.39 billion. GXO Logistics had a net margin of 0.69% and a return on equity of 10.45%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.79 EPS. As a group, equities analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Todd C. Cooper bought 6,000 shares of the stock in a transaction on Friday, November 28th. The shares were bought at an average price of $50.59 per share, with a total value of $303,540.00. Following the completion of the acquisition, the director owned 10,040 shares of the company’s stock, valued at approximately $507,923.60. This trade represents a 148.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by insiders.

Hedge Funds Weigh In On GXO Logistics

A number of large investors have recently bought and sold shares of the stock. 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 valued at $27,000 after purchasing an additional 329 shares during the last quarter. Accredited Wealth Management LLC boosted its position in GXO Logistics by 1,100.0% during the 3rd 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 period. Chapman Financial Group LLC bought a new position in shares of GXO Logistics during the second quarter worth about $34,000. Farther Finance Advisors LLC grew its position in GXO Logistics by 177.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 767 shares of the company’s stock worth $41,000 after purchasing an additional 491 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in GXO Logistics by 1,964.4% in 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 in the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

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.