Nomura Asset Management Co. Ltd. Buys 290 Shares of GXO Logistics, Inc. (NYSE:GXO)

Nomura Asset Management Co. Ltd. boosted its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 33.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,160 shares of the company’s stock after acquiring an additional 290 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in GXO Logistics were worth $60,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC increased its position in shares of GXO Logistics by 113.3% in the second quarter. SG Americas Securities LLC now owns 10,273 shares of the company’s stock worth $519,000 after purchasing an additional 5,457 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of GXO Logistics by 0.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 44,570 shares of the company’s stock valued at $2,251,000 after buying an additional 262 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of GXO Logistics by 42.5% during the 2nd quarter. Raymond James & Associates now owns 401,215 shares of the company’s stock worth $20,261,000 after acquiring an additional 119,586 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of GXO Logistics by 4.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 22,438 shares of the company’s stock worth $1,133,000 after acquiring an additional 951 shares in the last quarter. Finally, Dakota Wealth Management increased its stake in GXO Logistics by 19.9% in the second quarter. Dakota Wealth Management now owns 37,131 shares of the company’s stock valued at $1,875,000 after acquiring an additional 6,159 shares during the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Trading Down 0.7 %

Shares of NYSE GXO opened at $48.51 on Monday. The firm has a 50 day moving average price of $58.08 and a two-hundred day moving average price of $53.03. The stock has a market cap of $5.80 billion, a P/E ratio of 53.90, a price-to-earnings-growth ratio of 1.49 and a beta of 1.52. GXO Logistics, Inc. has a 52-week low of $46.07 and a 52-week high of $63.33. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. GXO Logistics’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share. As a group, equities analysts forecast that GXO Logistics, Inc. will post 2.76 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on GXO. Barclays cut their target price on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. TD Cowen raised their price objective on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Susquehanna decreased their target price on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research report on Thursday, September 26th. UBS Group increased their target price on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Oppenheimer lifted their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.33.

GXO Logistics Profile

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.