Carnegie Investment Counsel Has $4.82 Million Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Carnegie Investment Counsel trimmed its stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 35.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,762 shares of the company's stock after selling 61,668 shares during the quarter. Carnegie Investment Counsel owned 0.09% of GXO Logistics worth $4,818,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale acquired a new position in shares of GXO Logistics in the 3rd quarter worth approximately $28,000. UMB Bank n.a. boosted its holdings in shares of GXO Logistics by 111.4% in the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company's stock worth $33,000 after acquiring an additional 331 shares in the last quarter. 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 worth $48,000 after acquiring an additional 249 shares in the last quarter. Hara Capital LLC acquired a new position in shares of GXO Logistics in the 3rd quarter worth approximately $50,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of GXO Logistics by 37.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company's stock worth $54,000 after acquiring an additional 282 shares in the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Stock Down 0.9 %

NYSE GXO traded down $0.39 on Friday, reaching $43.98. The company had a trading volume of 888,946 shares, compared to its average volume of 1,483,056. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 48.86, a price-to-earnings-growth ratio of 1.10 and a beta of 1.60. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86. GXO Logistics, Inc. has a 1-year low of $41.38 and a 1-year high of $63.33. The company's fifty day moving average is $50.21 and its 200-day moving average is $52.05.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.01. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the business earned $0.69 EPS. The company's revenue for the quarter was up 27.8% compared to the same quarter last year. On average, research analysts forecast that GXO Logistics, Inc. will post 2.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on GXO shares. Oppenheimer boosted their target price on GXO Logistics from $63.00 to $67.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. TD Cowen upped their price objective on GXO Logistics from $82.00 to $83.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. UBS Group upped their price objective on GXO Logistics from $66.00 to $72.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. The Goldman Sachs Group reduced their price objective on GXO Logistics from $63.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Susquehanna reduced their price objective on GXO Logistics from $75.00 to $73.00 and set a "positive" rating on the stock in a report on Thursday, September 26th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.38.

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.