William Blair Investment Management LLC Buys 129,920 Shares of GXO Logistics, Inc. $GXO

William Blair Investment Management LLC grew its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 24.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 660,919 shares of the company’s stock after acquiring an additional 129,920 shares during the period. William Blair Investment Management LLC’s holdings in GXO Logistics were worth $34,956,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of GXO Logistics by 15.1% during the 3rd quarter. Principal Financial Group Inc. now owns 404,878 shares of the company’s stock worth $21,414,000 after buying an additional 52,979 shares in the last quarter. New York State Common Retirement Fund lifted its stake in GXO Logistics by 22.0% in the third quarter. New York State Common Retirement Fund now owns 259,492 shares of the company’s stock worth $13,725,000 after acquiring an additional 46,853 shares during the period. Citizens Financial Group Inc. RI bought a new position in GXO Logistics during the 3rd quarter worth about $795,000. Envestnet Asset Management Inc. increased its position in GXO Logistics by 6.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 63,797 shares of the company’s stock valued at $3,107,000 after purchasing an additional 3,914 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of GXO Logistics in the 2nd quarter valued at about $225,000. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Performance

Shares of GXO stock opened at $62.79 on Monday. The business has a fifty day moving average of $58.21 and a 200 day moving average of $54.35. GXO Logistics, Inc. has a 1 year low of $30.46 and a 1 year high of $66.85. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $7.20 billion, a price-to-earnings ratio of 209.31, a price-to-earnings-growth ratio of 2.13 and a beta of 1.62.

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

Wall Street Analyst Weigh In

GXO has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of GXO Logistics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 21st. JPMorgan Chase & Co. upped their target price on GXO Logistics from $66.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. UBS Group increased their target price on GXO Logistics from $63.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Morgan Stanley reissued an “overweight” rating and issued a $75.00 price target on shares of GXO Logistics in a research report on Tuesday, February 17th. Finally, Stifel Nicolaus set a $70.00 target price on GXO Logistics in a research note on Thursday, February 12th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, GXO Logistics currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.17.

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.