The price of GXO Logistics Inc. (NYSE:GXO) shares last traded on Wall Street rose 0.89% to $63.38.
GXO stock price is now 10.58% away from the 50-day moving average and 32.10% away from the 200-day moving average. The market capitalization of the company currently stands at $7.40B.
With the price target maintained at $40, Exane BNP Paribas recently Downgraded its rating from Neutral to Underperform for GXO Logistics Inc. (NYSE: GXO).
In other news, Ashe Gena L, Director sold 2,120 shares of the company’s stock on Jan 17. The stock was sold for $111,788 at an average price of $52.73. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25, Chief Executive Officer Wilson Malcolm bought 4,174 shares of the business’s stock. A total of $183,531 was incurred on buying the stock at an average price of $43.97. This leaves the insider owning 45,509 shares of the company worth $2.88 million. Insiders disposed of 5,211,766 shares of company stock worth roughly $330.32 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 PERPETUAL LTD during the first quarter worth $337,706,000. BAIRD FINANCIAL GROUP, INC. invested $45,200,000 in shares of GXO during the first quarter. In the first quarter, HEARD CAPITAL LLC acquired a new stake in GXO Logistics Inc. valued at approximately $34,024,000. WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC acquired a new stake in GXO for approximately $27,676,000. BAYBERRY CAPITAL PARTNERS LP purchased a new stake in GXO valued at around $22,817,000 in the second quarter. In total, there are 600 active investors with 92.50% ownership of the company’s stock.
A candlestick chart of GXO Logistics Inc. (NYSE: GXO) showed a price of $62.56 on Monday morning. During the past 12 months, GXO Logistics Inc. has had a low of $32.10 and a high of $63.46. As of last week, the company has a debt-to-equity ratio of 0.66, a current ratio of 1.00, and a quick ratio of 1.00. According to the stock market information, the enterprise value for the company is $11.18B, which is based on a 40.58 price-to-earnings ratio, a 4.71 price-to-earnings-growth ratio, and a beta of 1.85. The fifty day moving average price for GXO is $57.32 and a two-hundred day moving average price translates $47.98 for the stock.
The latest earnings results from GXO Logistics Inc. (NYSE: GXO) was released for Mar, 2023. According to the Integrated Freight & Logistics Company, earnings per share came in at $0.49, beating analysts’ expectations of $0.43 by 0.06. This compares to $0.33 EPS in the same period last year. The net profit margin was 2.00% and return on equity was 7.10% for GXO. The company reported revenue of $2.32 billion for the quarter, compared to $2.08 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.52 percent. For the current quarter, analysts expect GXO to generate $2.39B 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, reverse logistics, and other supply chain services. As of December 31, 2022, it operated in approximately 979 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. GXO Logistics, Inc. was incorporated in 2021 and is headquartered in Greenwich, Connecticut.
