Sei Investments Co. Decreases Stake in GXO Logistics, Inc. (NYSE:GXO)

Sei Investments Co. lessened its holdings in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 38.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 118,155 shares of the company's stock after selling 73,397 shares during the period. Sei Investments Co. owned approximately 0.10% of GXO Logistics worth $5,140,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Quantbot Technologies LP acquired a new position in shares of GXO Logistics during the 4th quarter worth $701,000. 1620 Investment Advisors Inc. grew its position in GXO Logistics by 50.6% during the fourth quarter. 1620 Investment Advisors Inc. now owns 3,524 shares of the company's stock worth $153,000 after buying an additional 1,184 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of GXO Logistics by 33.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company's stock valued at $60,000 after acquiring an additional 348 shares during the period. Blueshift Asset Management LLC acquired a new stake in shares of GXO Logistics during the 4th quarter valued at approximately $415,000. Finally, Magnetar Financial LLC purchased a new stake in shares of GXO Logistics during the 4th quarter worth approximately $385,000. Hedge funds and other institutional investors own 90.67% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Oppenheimer reduced their price objective on GXO Logistics from $67.00 to $55.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Barclays decreased their price objective on shares of GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Morgan Stanley lowered their price objective on shares of GXO Logistics from $63.00 to $57.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. UBS Group reduced their price target on shares of GXO Logistics from $72.00 to $50.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of GXO Logistics in a research report on Friday, March 7th. They issued a "hold" rating and a $45.00 price target on the stock. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, GXO Logistics presently has an average rating of "Moderate Buy" and an average price target of $56.00.

GXO Logistics Trading Down 5.7 %

Shares of NYSE:GXO traded down $2.07 during midday 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 firm has a market cap of $4.09 billion, a price-to-earnings ratio of 30.57, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. The business has a 50 day moving average price of $40.61 and a 200 day moving average price of $48.37. GXO Logistics, Inc. has a 1 year low of $32.70 and a 1 year high of $63.33. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 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%. Research analysts forecast that GXO Logistics, Inc. will post 2.49 EPS 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.