Louisiana State Employees Retirement System Acquires New Holdings in GXO Logistics, Inc. $GXO

Louisiana State Employees Retirement System acquired a new position in shares of GXO Logistics, Inc. (NYSE:GXO) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 33,200 shares of the company’s stock, valued at approximately $1,721,000.

Other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in GXO Logistics by 3,222,426.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,697,772 shares of the company’s stock valued at $593,791,000 after buying an additional 11,697,409 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of GXO Logistics in the fourth quarter valued at $181,648,000. Victory Capital Management Inc. boosted its stake in shares of GXO Logistics by 1,168.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,191,218 shares of the company’s stock valued at $62,706,000 after acquiring an additional 1,097,298 shares during the last quarter. Norges Bank acquired a new stake in shares of GXO Logistics during the 4th quarter worth about $57,598,000. Finally, Milford Funds Ltd. acquired a new position in shares of GXO Logistics in the fourth quarter valued at approximately $43,250,000. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GXO shares. Stifel Nicolaus set a $71.00 target price on shares of GXO Logistics in a research report on Thursday, May 7th. Wells Fargo & Company reduced their price target on GXO Logistics from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Barclays upgraded GXO Logistics from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $58.00 to $65.00 in a report on Wednesday, May 27th. The Goldman Sachs Group downgraded GXO Logistics from a “buy” rating to a “neutral” rating and set a $68.00 price objective for the company. in a research report on Wednesday, March 4th. Finally, Weiss Ratings lowered GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. Eleven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, GXO Logistics has a consensus rating of “Moderate Buy” and an average target price of $69.92.

GXO Logistics Stock Performance

NYSE GXO opened at $51.25 on Thursday. The firm has a market capitalization of $5.90 billion, a P/E ratio of 44.96, a P/E/G ratio of 1.68 and a beta of 1.55. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.85 and a quick ratio of 0.85. GXO Logistics, Inc. has a 1-year low of $45.40 and a 1-year high of $66.85. The business’s 50-day simple moving average is $50.59 and its 200-day simple moving average is $54.39.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.13. GXO Logistics had a net margin of 0.98% and a return on equity of 10.55%. The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.22 billion. During the same quarter in the prior year, the business earned $0.29 earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. Equities analysts predict that GXO Logistics, Inc. will post 3.06 EPS for the current year.

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.