Amundi Sells 1,714,856 Shares of GXO Logistics, Inc. (NYSE:GXO)

Amundi lessened its stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 96.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,187 shares of the company's stock after selling 1,714,856 shares during the period. Amundi owned 0.06% of GXO Logistics worth $3,029,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. bought a new position in GXO Logistics in the fourth quarter valued at approximately $47,626,000. Global Alpha Capital Management Ltd. acquired a new stake in shares of GXO Logistics during the third quarter worth $32,434,000. Brown Brothers Harriman & Co. increased its holdings in GXO Logistics by 105.0% in the third quarter. Brown Brothers Harriman & Co. now owns 968,267 shares of the company's stock valued at $50,418,000 after purchasing an additional 495,829 shares during the last quarter. Raymond James Financial Inc. acquired a new position in GXO Logistics in the fourth quarter valued at about $20,905,000. Finally, Life Planning Partners Inc grew its position in shares of GXO Logistics by 4,250.0% during the 4th quarter. Life Planning Partners Inc now owns 263,393 shares of the company's stock worth $11,458,000 after buying an additional 257,338 shares during the period. Institutional investors and hedge funds own 90.67% of the company's stock.

GXO Logistics Stock Down 0.3 %

Shares of GXO traded down $0.13 during mid-day trading on Thursday, hitting $40.72. 1,133,090 shares of the company's stock were exchanged, compared to its average volume of 1,145,324. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. GXO Logistics, Inc. has a 52 week low of $34.51 and a 52 week high of $63.33. The company has a market cap of $4.87 billion, a PE ratio of 36.35, a P/E/G ratio of 1.34 and a beta of 1.62. The company has a 50-day simple moving average of $41.84 and a 200 day simple moving average of $49.25.

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GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings results 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%. On average, research analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GXO. Barclays cut their price target 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. Wells Fargo & Company reduced their price target on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Oppenheimer lowered their price objective on shares of GXO Logistics from $67.00 to $55.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Stifel Nicolaus reiterated a "buy" rating and set a $66.00 target price (down from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on GXO Logistics in a report on Friday, March 7th. They issued a "hold" rating and a $45.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, GXO Logistics has an average rating of "Moderate Buy" and an average price target of $55.60.

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.