Gilman Hill Asset Management LLC Has $3.76 Million Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Gilman Hill Asset Management LLC lessened its holdings in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 12.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,385 shares of the company's stock after selling 12,603 shares during the quarter. Gilman Hill Asset Management LLC owned approximately 0.07% of GXO Logistics worth $3,758,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. State Street Corp increased its position in GXO Logistics by 1.9% in the 3rd quarter. State Street Corp now owns 3,631,328 shares of the company's stock worth $189,083,000 after purchasing an additional 66,232 shares during the last quarter. Fort Pitt Capital Group LLC increased its holdings in 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 buying an additional 51,208 shares during the last quarter. Dimensional Fund Advisors LP raised its position in GXO Logistics by 11.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,398,933 shares of the company's stock valued at $121,140,000 after acquiring an additional 240,766 shares in the last quarter. Geode Capital Management LLC lifted its stake in GXO Logistics by 1.5% in the third quarter. Geode Capital Management LLC now owns 1,982,920 shares of the company's stock valued at $103,279,000 after acquiring an additional 29,992 shares during the last quarter. Finally, Eminence Capital LP bought a new stake in GXO Logistics in the second quarter worth approximately $79,698,000. Institutional investors and hedge funds own 90.67% of the company's stock.

GXO Logistics Stock Performance

GXO Logistics stock traded down $0.39 during trading hours on Monday, hitting $43.98. The stock had a trading volume of 888,946 shares, compared to its average volume of 1,483,056. GXO Logistics, Inc. has a fifty-two week low of $41.38 and a fifty-two week high of $63.33. The company has a market cap of $5.25 billion, a PE ratio of 48.86, a price-to-earnings-growth ratio of 1.10 and a beta of 1.60. The company has a 50-day moving average of $50.21 and a two-hundred day moving average of $52.07. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Susquehanna reduced their price objective on shares of GXO Logistics from $75.00 to $73.00 and set a "positive" rating for the company in a research note on Thursday, September 26th. TD Cowen boosted their price target on GXO Logistics from $82.00 to $83.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Oppenheimer increased their price objective on GXO Logistics from $63.00 to $67.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Citigroup began coverage on GXO Logistics in a report on Wednesday, October 9th. They issued a "buy" rating and a $60.00 target price for the company. Finally, The Goldman Sachs Group lowered their price target on GXO Logistics from $63.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $65.38.

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.