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Mutual of America Capital Management LLC decreased its position in GXO Logistics, Inc. ( NYSE:GXO – Free Report ) by 5.6% in the third quarter, HoldingsChannel.com reports. The fund owned 64,567 shares of the company’s stock after selling 3,814 shares during the period. Mutual of America Capital Management LLC’s holdings in GXO Logistics were worth $3,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of GXO Logistics during the third quarter worth about $28,000. UMB Bank n.a. lifted its stake in GXO Logistics by 111.4% during the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company’s stock valued at $33,000 after acquiring an additional 331 shares during the period. Signaturefd LLC boosted its holdings in shares of GXO Logistics by 37.2% in the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after acquiring an additional 249 shares during the last quarter. Hara Capital LLC acquired a new stake in shares of GXO Logistics in the third quarter worth $50,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of GXO Logistics by 37.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock worth $54,000 after purchasing an additional 282 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock. GXO Logistics Stock Performance GXO opened at $60.47 on Friday. The firm’s fifty day simple moving average is $57.06 and its two-hundred day simple moving average is $52.69. GXO Logistics, Inc. has a 52-week low of $46.07 and a 52-week high of $63.33. The company has a market cap of $7.22 billion, a price-to-earnings ratio of 67.19, a PEG ratio of 1.77 and a beta of 1.55. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. Analysts Set New Price Targets Several equities research analysts have commented on GXO shares. UBS Group increased their price target on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Susquehanna dropped their target price on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a report on Thursday, September 26th. Citigroup initiated coverage on GXO Logistics in a report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price target for the company. Barclays raised their price objective on shares of GXO Logistics from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Finally, TD Cowen boosted their target price on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $67.00. Check Out Our Latest Research Report on GXO Logistics GXO Logistics Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding GXO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GXO Logistics, Inc. ( NYSE:GXO – Free Report ). Receive News & Ratings for GXO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GXO Logistics and related companies with MarketBeat.com's FREE daily email newsletter .None
JASPER, Ind.--(BUSINESS WIRE)--Nov 21, 2024-- Kimball Electronics, Inc. (Nasdaq: KE) was honored for achieving the Highest Overall Customer Ratings in seven categories of CIRCUITS ASSEMBLY’S 2024 Service Excellence Awards: Dependability/Timely Delivery, Manufacturing Quality, Responsiveness, Technology, Value for the Price, Flexibility, and Overall Satisfaction. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241121252822/en/ CIRCUITS ASSEMBLY, a leading industry publication covering the mixed-technology electronics assembly marketplace, recognized companies that received the highest customer service ratings, as judged by their own customers. The awards were recently presented during a ceremony at the Surface Mount Technology Association (SMTA) International Conference. The awards are presented to outstanding Electronics Manufacturing Services (EMS) providers, as well as to suppliers of electronics assembly equipment, materials, and software. The results, based solely on direct customer input, are an indication of outstanding achievement in service excellence. Customers of the participants rated EMS providers in seven service categories: Dependability/Timely Delivery, Manufacturing Quality, Responsiveness, Technology, Value for the Price, Flexibility, and Overall Satisfaction. Kimball Electronics was honored for achieving the highest customer ratings in all seven service categories for EMS companies with annual sales over $500 million. Ric Phillips, the CEO of Kimball Electronics, expressed his pride in the team’s unwavering commitment to fostering long-term relationships with all customers, whether they are new or have been partners for many years. Phillips emphasized, “Receiving Service Excellence Awards in all seven categories is incredibly rewarding. Customers appreciate collaborating with a dedicated team that shares common goals and values.” He credited the hard work and commitment of the global Kimball Electronics team for enabling continuous improvement and providing service excellence to their customers. “We appreciate our customers for selecting Kimball Electronics as their preferred partner. Our dedication to exceptional customer service has been key in fostering enduring relationships. A big congratulations to our global team for embodying our guiding principles and consistently meeting or surpassing our customers’ expectations,” stated Kathy Thomson, Chief Commercial Officer of Kimball Electronics. Kimball Electronics has participated in the Service Excellence Awards for the past eleven consecutive years, winning awards for excellence in multiple categories in 2015, 2016, 2017, and 2019. Kimball Electronics won the award for Highest Overall Customer Rating in 2014, 2018, 2020, and 2021. In 2022, Kimball Electronics received awards in all seven award categories, including two newly added categories. In 2023, Kimball Electronics received Highest Overall Customer Ratings in four of the seven categories. And now for 2024, Kimball Electronics received awards in all seven award categories. This is the 32nd year CIRCUITS ASSEMBLY has sponsored the awards program. About Kimball Electronics, Inc. Kimball Electronics is a global, multifaceted manufacturing solutions provider of electronics and diversified contract manufacturing services to customers around the world. From our operations in the United States, China, Mexico, Poland, Romania, and Thailand, our teams are proud to provide manufacturing services for a variety of industries. Recognized for a reputation of excellence, we are committed to a high-performance culture that values personal and organizational commitment to quality, reliability, value, speed, and ethical behavior. Kimball Electronics, Inc. (Nasdaq: KE) is headquartered in Jasper, Indiana. To learn more about Kimball Electronics, visit: www.kimballelectronics.com . Lasting relationships. Global success. View source version on businesswire.com : https://www.businesswire.com/news/home/20241121252822/en/ CONTACT: Mary Leah Siegel Senior Director, Brand Marketing 812.634.4000 kemarketing@kimballelectronics.com KEYWORD: INDIANA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY ENGINEERING CHEMICALS/PLASTICS HEALTH AUTOMOTIVE MANUFACTURING MANUFACTURING AUTOMOTIVE VEHICLE TECHNOLOGY OTHER TECHNOLOGY MEDICAL DEVICES HARDWARE OTHER MANUFACTURING SEMICONDUCTOR MEDICAL SUPPLIES SOURCE: Kimball Electronics, Inc. Copyright Business Wire 2024. PUB: 11/21/2024 04:30 PM/DISC: 11/21/2024 04:30 PM http://www.businesswire.com/news/home/20241121252822/en
Congressional bicameral team pushes for insurance, pharmaceutical reform
To some, it could appear that has left no stone unturned this year. Between the , presenting two collections at New York Fashion Week, a unique partnership with Samsung Galaxy, and attending the the designer has had a jam-packed year. His NYFW collections were met with fanfare and for good measure were well-attended by A-list celebrities. Even with all of these highlights happening in real-time, one notion rings loudly for Smith, pouring into the next generation of aspiring designers. “I had never done that before,” the designer shares in reference to young designers attending the CFDA Awards alongside him over a video call. “It was great having the scholars accompany me along with my muse, Victoria Monet, who was also dressed in LaQuan Smith. It was such an amazing event,” he adds. A few months ago at NYFW in collaboration with Samsung Galaxy, the designer debuted a “Lucid Dream” sleepwear micro-collection. As an extension of the partnership between LaQuan Smith and the tech brand, the mentees were able to attend the CFDA Awards. Notably, prior to the ceremony, the students went on a tour of Smith’s studio. They were provided an early look at the designs he created for Victoria Monet and Teyana Taylor before they debuted. During our conversation, LaQuan expressed that he realizes the necessity of mentorship especially since he had a few who he says nurtured him. “I think it’s only right that I pay it forward.” Smith also explains that since fashion is a tough industry it’s highly important when navigating the space to have someone who can guide you. “I think just having the platform and having Samsung [help] me amplify that and empower the future generation,” he said. Below we catch up with LaQuan Smith over a conversation that spans what this creative era is like for him, his partnership with Samsung, the importance of mentorship, and more. I am still building, I'm still creating. There is a constant need for inspiration. I feel like in a time right now where the world is in a very weird place, I'm just constantly trying to seek inspiration, trying to find new ways of telling stories, and sharing my experiences through my lens as an African-American designer in terms of building a luxury brand. I think that right now is the most important time to inspire. It's the most important time to create and dive into creating [while] giving people something to be hopeful for and have a sense of optimism. That's where I'm at creatively. With Samsung's help, I designed a limited edition men's and women's unisex sleepwear collection that was inspired by technology, the Galaxy Ring, the Galaxy Tab S10 Ultra, [and] the Galaxy Z Fold6. I got a chance to spend time with pretty much all of the products, and I believe technology and creativity go hand in hand. It allowed me to dive into the elements of "Lucid Dreams." I started taking a look at all of the ways that these products inspire me and I was ultimately inspired by the luxury idea of sleep, and that's how I came up with this concept of "Lucid Dreams," and it's a beautiful collection that I think incorporates the idea of fashion through the lens of technology. I think for me, the root of inspiration for LaQuan Smith is always just the idea of New York glamour. It's always about this idea of sensuality and creating really fun classic, yet provocative silhouettes that women can be inspired by. To wear LaQuan Smith is truly an experience and it really does stand for this idea of being unapologetically sexy. And I want to always continue to keep that core DNA consistently and make sure that I'm creating a product that's modern and progressively fashion forward. I think for me, that's always been the start of the inspiration is making a product and designing a collection that a woman or a man can feel empowered by. I've had a great year. From dressing Kamala Harris to dressing Beyoncé too, [and] going to the CFDA [Awards] with the incredible mentees, [and] working with Samsung, it's been a great year. For me, it's just been about building a supportive network, [and] being able to balance my success because it takes a lot out of you. I just also want to remember that it's about maintaining my creative motivation and always making sure that I'm doing the necessary things to find inspiration in my daily life and also through my travels, through my experiences. There's been a lot of growth. There's been a lot of failure, but at the same time, handling the industry pressure. I'm proud of being able to stand firm in a lot of the difficult situations that I have been in and being faced with some of the biggest challenges, building a brand. I'm happy to have overcome them. I'm happy that I've been able to create and implement changes to be able to build and grow, and I'm still doing that. I'm still in this phase of growing and creating, but I mean, I think that I've done such an exceptional job in terms of creating a brand in a very unconventional way, and I'm most proud [of] that. Think about leaving an impact. Think about focusing on the lasting impact of your work. I know we live in such an era where everything is so short-term and fast-paced, and everybody wants everything so tangible, but it is about how are we defining the measures of success and think about longevity. Don't think about just the short term, but think about long-range goals. Just push the agenda of staying true to who you are, know how to adapt to change, know your audience, and engage with your audience. I think that's what makes me the most authentic: vision, growth, brand building, and ultimately accomplishments. I always say to the young kids–slow and steady wins the race. it's always about celebrating the small victories, the small wins. Those things truly, truly do matter. I remember once upon a time, it was hard for me to get my manufacturing in order. At one point I was designing everything, sewing everything myself. I mean, it is about small increments. It's about small victories, and I think that those victories matter and we have to continue to celebrate ourselves and making sure that we are moving the needle forward and making sure that we're doing the right things. I think that there is such a thing [as] balancing commercial success with artistic integrity. You have to recognize the business side of fashion and understand what kind of demands that requires without overshadowing your creative vision and [for] some people, it's very tough. It's a very tough thing, but it's about focusing on projects that ultimately inspire you. I mean, why do something for a dollar, do something for coin if you're not even going to put your heart into it, if it doesn't push you, if it doesn't inspire you? I think it does go hand in hand, but with that being said, it is also about the power of no. You don't have to say yes to everything. I think it's about setting up, just understanding how you're aligned with the projects that you're presented with, zeroing in on projects, and creating this ultimate idea and the scale of your dream wish list. I have managed to maintain a very distinctive brand identity within this very competitive industry. I just continued to think about my woman. I started thinking about who my woman is and what kind of woman that I was inspired by, and then it got even deeper because beyond designing, it was like, well, where is she wearing these designs to? Where does she vacation? What does she drive? What kind of automobile does she drive? What kind of hotels does she stay in? I really started breaking these layers down to try to understand exactly who my target audience is, and it was just for me, it was very clear to me that my woman understands quality and she understands luxury and she loves her body and she has an affinity of New York City and the true authentic culture [here]. So it was very easy for me to just tap into things that really resonated and amplified all of those different moods and aesthetics. My woman loves nightlife, and so it allowed me to go into reflective textiles and things that felt more sparkly and holiday and celebratory. I just think that it's about writing down maybe five to 10 code words of what your brand resonates, [and] what your design ethos is, and then really lean into that on all aspects. Really think about your woman, not just through a collection or particular dress, but think about your woman or think about your client from a 24-hour perspective. I think that that would help build out and carve out a DNA for any designer, really understanding who exactly are you designing for. Right now [I am] continuing to push boundaries with fashion and technology. I'm looking forward to going with Samsung to the Met Gala. There's so much more to do. Continuing this partnership in terms of mentorship, and I'm sure that we're going to be able to expand on that in such a greater way.
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