In yesterday’s Wall Street session, GXO Logistics Inc. (NYSE:GXO) shares traded at $44.49, up 2.80% from the previous session.
GXO stock price is now 6.93% away from the 50-day moving average and -6.77% away from the 200-day moving average. The market capitalization of the company currently stands at $5.39B.
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With the price target of $40, Exane BNP Paribas recently initiated with Neutral rating for GXO Logistics Inc. (NYSE: GXO). On October 25, 2022, Jefferies recently initiated its ‘Buy’ rating on the stock quoting a target price of $70, while ‘Cowen’ rates the stock as ‘Outperform’.
In other news, Wilson Malcolm, Chief Executive Officer bought 4,174 shares of the company’s stock on Nov 25. The stock was bought for $183,531 at an average price of $43.97. Upon completion of the transaction, the Chief Executive Officer now directly owns 45,509 shares in the company, valued at $2.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 11, Director BRADLEY S JACOBS sold 5,167,500 shares of the business’s stock. A total of $249,848,625 was realized by selling the stock at an average price of $48.35. This leaves the insider owning 1,300,701 shares of the company worth $57.87 million. Insiders disposed of 16,112,937 shares of company stock worth roughly $716.86 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GXO stock. A new stake in GXO Logistics Inc. shares was purchased by FIRST TRUST ADVISORS LP during the first quarter worth $8,378,000. SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC invested $7,546,000 in shares of GXO during the first quarter. In the first quarter, SECURITY NATIONAL BANK acquired a new stake in GXO Logistics Inc. valued at approximately $5,060,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in GXO for approximately $3,230,000. BNP PARIBAS ARBITRAGE, SNC purchased a new stake in GXO valued at around $3,185,000 in the second quarter. In total, there are 602 active investors with 92.50% ownership of the company’s stock.
On Thursday morning GXO Logistics Inc. (NYSE: GXO) stock kicked off with the opening price of $42.54. During the past 12 months, GXO Logistics Inc. has had a low of $32.10 and a high of $91.89. As of last week, the company has a debt-to-equity ratio of 0.73, a current ratio of 1.00, and a quick ratio of 1.00. The fifty day moving average price for GXO is $41.61 and a two-hundred day moving average price translates $47.72 for the stock.
The latest earnings results from GXO Logistics Inc. (NYSE: GXO) was released for Jun, 2022. According to the Integrated Freight & Logistics Company, earnings per share came in at $0.68, beating analysts’ expectations of $0.61 by 0.07. This compares to $0.63 EPS in the same period last year. The net profit margin was 2.40% and return on equity was 8.50% for GXO. The company reported revenue of $2.29 billion for the quarter, compared to $1.97 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.86 percent. For the current quarter, analysts expect GXO to generate $2.27B in revenue.
GXO Logistics Inc.(GXO) Company Profile
GXO Logistics, Inc., together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, and other supply chain services, as well as reverse logistics or returns management services. As of December 31, 2021, it operated in approximately 906 facilities. The company serves various customers in the e-commerce, omnichannel retail, consumer technology, food and beverage, industrial and manufacturing, and consumer packaged goods industries. GXO Logistics, Inc. was incorporated in 2021 and is headquartered in Greenwich, Connecticut.
