George Kaiser Family Foundation Acquires 30,642 Shares of GXO Logistics, Inc. (NYSE:GXO)

George Kaiser Family Foundation grew its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 162.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,503 shares of the company’s stock after buying an additional 30,642 shares during the period. GXO Logistics accounts for about 0.4% of George Kaiser Family Foundation’s investment portfolio, making the stock its 11th largest position. George Kaiser Family Foundation’s holdings in GXO Logistics were worth $2,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of GXO. TIAA Trust National Association grew its stake in GXO Logistics by 19.3% during the second quarter. TIAA Trust National Association now owns 5,018 shares of the company’s stock valued at $253,000 after acquiring an additional 811 shares in the last quarter. Natixis Advisors LLC boosted its holdings in shares of GXO Logistics by 7.2% during the 2nd quarter. Natixis Advisors LLC now owns 15,303 shares of the company’s stock valued at $773,000 after purchasing an additional 1,029 shares during the last quarter. Essex Financial Services Inc. purchased a new position in shares of GXO Logistics during the second quarter valued at about $324,000. Intact Investment Management Inc. grew its position in shares of GXO Logistics by 24.0% during the second quarter. Intact Investment Management Inc. now owns 15,130 shares of the company’s stock valued at $764,000 after purchasing an additional 2,930 shares in the last quarter. Finally, Peregrine Capital Management LLC increased its holdings in shares of GXO Logistics by 1.1% in the second quarter. Peregrine Capital Management LLC now owns 152,981 shares of the company’s stock worth $7,726,000 after purchasing an additional 1,682 shares during the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Insider Transactions at GXO Logistics

In other news, CEO Malcolm Wilson purchased 10,000 shares of the stock in a transaction dated Tuesday, June 11th. The shares were acquired at an average cost of $49.95 per share, for a total transaction of $499,500.00. Following the acquisition, the chief executive officer now owns 100,814 shares of the company’s stock, valued at $5,035,659.30. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

GXO Logistics Trading Down 0.1 %

Shares of NYSE:GXO traded down $0.05 on Wednesday, hitting $48.79. 61,437 shares of the company’s stock were exchanged, compared to its average volume of 836,370. The business’s 50 day simple moving average is $50.64 and its two-hundred day simple moving average is $50.66. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 35.14, a price-to-earnings-growth ratio of 1.50 and a beta of 1.60. GXO Logistics, Inc. has a 12 month low of $46.07 and a 12 month high of $64.91.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). GXO Logistics had a net margin of 1.35% and a return on equity of 9.86%. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the firm earned $0.70 earnings per share. The business’s revenue was up 18.9% compared to the same quarter last year. Analysts anticipate that GXO Logistics, Inc. will post 2.79 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on GXO shares. Wells Fargo & Company assumed coverage on GXO Logistics in a report on Friday, June 7th. They set an “overweight” rating and a $58.00 price target for the company. TD Cowen boosted their price target on shares of GXO Logistics from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. JPMorgan Chase & Co. increased their price objective on shares of GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, July 9th. Stifel Nicolaus restated a “buy” rating and issued a $74.00 target price on shares of GXO Logistics in a report on Wednesday, May 15th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $70.00 price target on shares of GXO Logistics in a report on Tuesday, May 14th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $67.45.

About GXO Logistics

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.