GXO Logistics Inc. (NYSE: GXO) stock fell -2.12% on Wednesday to $57.23 against a previous-day closing price of $58.47. With 0.63 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.78 million shares. During the session, the Integrated Freight & Logistics company that operates in wider Industrials sector, reached to the highest price of $57.68 whereas the lowest price it dropped to was $56.68. The 52-week range on GXO shows that it touched its highest point at $60.80 and its lowest point at $32.10 during that stretch. It currently has a 1-year price target of $63.25.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GXO was down-trending over the past week, with a drop of -3.05%, but this was up by 11.86% over a month. Three-month performance surged to 14.60% while six-month performance rose 38.87%. The stock gained 9.89% in the past year, while it has gained 34.06% so far this year. A look at the trailing 12-month EPS for GXO yields 1.56 with Next year EPS estimates of 3.01. For the next quarter, that number is 0.60. This implies an EPS growth rate of 26.50% for this year and 20.24% for next year.
Float and Shares Shorts:
At present, 118.78 million GXO shares are outstanding with a float of 55.83 million shares on hand for trading. On Apr 27, 2023, short shares totaled 5.92 million, which was 4.97% higher than short shares on Mar 30, 2023. In addition to Mr. Malcolm Wilson as the firm’s CEO & Director, Mr. Baris Oran serves as its Chief Financial Officer.
Through their ownership of 94.30% of GXO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 46.49% of GXO, in contrast to 46.42% held by mutual funds. Shares owned by individuals account for 10.66%. As the largest shareholder in GXO with 13.19% of the stake, Orbis Investment Management Ltd. holds 15,668,598 shares worth 15,668,598. A second-largest stockholder of GXO, The Vanguard Group, Inc., holds 10,999,035 shares, controlling over 9.26% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in GXO, holding 9,335,028 shares or 7.86% stake. With a 3.12% stake in GXO, the iShares Core S&P Mid Cap ETF is the largest stakeholder. A total of 3,702,156 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.11% of GXO stock, is the second-largest Mutual Fund holder. It holds 3,698,215 shares valued at 196.49 million. Vanguard Small Cap Index Fund holds 2.62% of the stake in GXO, owning 3,107,626 shares worth 165.11 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, GXO reported revenue of $2.16B and operating income of $84.00M. The EBITDA in the recently reported quarter was $184.00M and diluted EPS was $0.44.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GXO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With GXO analysts setting a high price target of $73.00 and a low target of $47.00, the average target price over the next 12 months is $63.12. Based on these targets, GXO could surge 27.56% to reach the target high and fall by -17.88% to reach the target low. Reaching the average price target will result in a growth of 10.29% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded GXO stock several times over the past three months with 9 Buys and 9 Sells. In these transactions, 44,940 shares were bought while 21,088 shares were sold. The number of buy transactions has increased to 22 while that of sell transactions has risen to 20 over the past year. The total number of shares bought during that period was 100,494 while 5,211,766 shares were sold.