GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. trimmed its holdings in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 37.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,172 shares of the company's stock after selling 54,902 shares during the quarter. Asset Management One Co. Ltd. owned about 0.08% of GXO Logistics worth $3,988,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Mount Lucas Management LP lifted its stake in GXO Logistics by 2.4% during the third quarter. Mount Lucas Management LP now owns 7,327 shares of the company's stock worth $382,000 after purchasing an additional 173 shares during the last quarter. Mathes Company Inc. grew its stake in shares of GXO Logistics by 0.7% in the 3rd quarter. Mathes Company Inc. now owns 25,475 shares of the company's stock worth $1,326,000 after buying an additional 175 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in GXO Logistics by 7.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,064 shares of the company's stock valued at $160,000 after acquiring an additional 220 shares in the last quarter. CWM LLC lifted its holdings in shares of GXO Logistics by 13.8% during the 3rd quarter. CWM LLC now owns 1,961 shares of the company's stock valued at $102,000 after buying an additional 238 shares during the period. Finally, Signaturefd LLC increased its stake in GXO Logistics by 37.2% in the 3rd quarter. Signaturefd LLC now owns 918 shares of the company's stock worth $48,000 after buying an additional 249 shares in the last quarter. Institutional investors own 90.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Stifel Nicolaus reaffirmed a "buy" rating and issued a $66.00 price target (down previously from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Wells Fargo & Company decreased their price objective on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. TD Cowen raised their price objective on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Morgan Stanley decreased their price objective on shares of GXO Logistics from $63.00 to $57.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Finally, The Goldman Sachs Group decreased their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $57.62.

GXO Logistics Stock Performance

NYSE GXO traded down $0.96 on Friday, reaching $38.94. 768,010 shares of the company's stock traded hands, compared to its average volume of 1,569,315. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 34.77, a P/E/G ratio of 1.35 and a beta of 1.60. The stock has a 50 day moving average price of $43.67 and a 200-day moving average price of $50.47. GXO Logistics, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $63.33. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. Equities research analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

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.