Blair William & Co. IL Reduces Stake in GXO Logistics, Inc. (NYSE:GXO)

Blair William & Co. IL trimmed its position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 21.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 100,274 shares of the company's stock after selling 27,875 shares during the quarter. Blair William & Co. IL owned approximately 0.08% of GXO Logistics worth $4,362,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in GXO. Summitry LLC raised its stake in GXO Logistics by 2.1% during the fourth quarter. Summitry LLC now owns 659,872 shares of the company's stock valued at $28,704,000 after buying an additional 13,537 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of GXO Logistics in the 4th quarter worth $41,000. Zions Bancorporation N.A. bought a new position in shares of GXO Logistics during the fourth quarter valued at $809,000. EntryPoint Capital LLC bought a new position in GXO Logistics during the 4th quarter valued at about $429,000. Finally, Prudential Financial Inc. boosted its holdings in shares of GXO Logistics by 202.0% during the 4th quarter. Prudential Financial Inc. now owns 29,682 shares of the company's stock valued at $1,291,000 after acquiring an additional 19,854 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GXO. Deutsche Bank Aktiengesellschaft initiated coverage on GXO Logistics in a report on Friday, March 7th. They set a "hold" rating and a $45.00 price target on the stock. Morgan Stanley cut 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 report on Friday, February 14th. Oppenheimer reduced their price target on GXO Logistics from $67.00 to $55.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Wells Fargo & Company cut their price objective on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Finally, Loop Capital downgraded shares of GXO Logistics from a "buy" rating to a "hold" rating and decreased their price objective for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, GXO Logistics presently has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

GXO Logistics Stock Down 5.7 %

NYSE:GXO traded down $2.07 during mid-day trading on Friday, reaching $34.23. The company's stock had a trading volume of 2,443,356 shares, compared to its average volume of 1,189,435. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $4.09 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. The stock has a fifty day moving average of $40.61 and a 200-day moving average of $48.40. GXO Logistics, Inc. has a 1 year low of $32.70 and a 1 year high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate 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 forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

GXO Logistics Company 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.