Amalgamated Bank Sells 17,662 Shares of GXO Logistics, Inc. (NYSE:GXO)

Amalgamated Bank lowered its holdings in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 23.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,881 shares of the company's stock after selling 17,662 shares during the period. Amalgamated Bank's holdings in GXO Logistics were worth $2,962,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of GXO Logistics by 0.7% in the first quarter. Vanguard Group Inc. now owns 11,228,350 shares of the company's stock worth $603,636,000 after buying an additional 82,485 shares in the last quarter. American Century Companies Inc. increased its stake in shares of GXO Logistics by 25.2% in the second quarter. American Century Companies Inc. now owns 3,221,818 shares of the company's stock worth $162,702,000 after purchasing an additional 648,547 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of GXO Logistics by 0.5% in the first quarter. Clearbridge Investments LLC now owns 2,956,981 shares of the company's stock worth $158,967,000 after purchasing an additional 15,463 shares in the last quarter. Fort Pitt Capital Group LLC increased its stake in shares of GXO Logistics by 2.1% in the third quarter. Fort Pitt Capital Group LLC now owns 2,467,814 shares of the company's stock worth $128,499,000 after purchasing an additional 51,208 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of GXO Logistics by 11.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,398,933 shares of the company's stock worth $121,140,000 after purchasing an additional 240,766 shares in the last quarter. Institutional investors own 90.67% of the company's stock.

GXO Logistics Trading Up 0.6 %

Shares of GXO Logistics stock traded up $0.37 on Monday, reaching $60.12. The company had a trading volume of 1,189,802 shares, compared to its average volume of 930,419. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of 66.39, a P/E/G ratio of 1.79 and a beta of 1.55. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. The firm's 50-day moving average price is $54.95 and its two-hundred day moving average price is $52.08. GXO Logistics, Inc. has a 1 year low of $46.07 and a 1 year high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.01. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The firm had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.01 billion. During the same quarter in the previous year, the business earned $0.69 EPS. The company's quarterly revenue was up 27.8% on a year-over-year basis. As a group, research analysts predict that GXO Logistics, Inc. will post 2.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

GXO has been the subject of a number of research reports. Citigroup assumed coverage on shares of GXO Logistics in a research report on Wednesday, October 9th. They set a "buy" rating and a $60.00 target price for the company. TD Cowen raised their price objective on GXO Logistics from $82.00 to $83.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. UBS Group boosted their target price on GXO Logistics from $66.00 to $72.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Finally, Susquehanna cut their price target on GXO Logistics from $75.00 to $73.00 and set a "positive" rating for the company in a report on Thursday, September 26th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $67.55.

GXO Logistics 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, 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.