GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its holdings in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 94.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,500 shares of the company's stock after selling 559,600 shares during the period. Handelsbanken Fonder AB's holdings in GXO Logistics were worth $1,370,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in GXO. DekaBank Deutsche Girozentrale bought a new stake in shares of GXO Logistics during the 3rd quarter valued at $28,000. Signaturefd LLC grew its holdings in shares of GXO Logistics by 37.2% in the third quarter. Signaturefd LLC now owns 918 shares of the company's stock worth $48,000 after purchasing an additional 249 shares during the last quarter. Hara Capital LLC purchased a new position in shares of GXO Logistics in the third quarter valued at about $50,000. R Squared Ltd bought a new position in shares of GXO Logistics during the fourth quarter valued at approximately $54,000. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in GXO Logistics by 33.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company's stock worth $60,000 after buying an additional 290 shares during the period. Institutional investors own 90.67% of the company's stock.

GXO Logistics Stock Down 0.9 %

NYSE:GXO traded down $0.37 during mid-day trading on Friday, hitting $39.38. 1,581,738 shares of the company's stock traded hands, compared to its average volume of 1,587,891. The company has a fifty day moving average of $43.01 and a 200 day moving average of $50.16. The company has a market capitalization of $4.71 billion, a P/E ratio of 35.16, a P/E/G ratio of 1.34 and a beta of 1.60. GXO Logistics, Inc. has a twelve month low of $34.51 and a twelve month high of $63.33. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83.

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GXO Logistics (NYSE:GXO - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (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%. On average, analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GXO shares. Oppenheimer cut their price target on GXO Logistics from $67.00 to $55.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Barclays cut their price objective on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Loop Capital cut shares of GXO Logistics from a "buy" rating to a "hold" rating and reduced their price objective for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Morgan Stanley decreased their price target 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. Finally, Wells Fargo & Company dropped their price target on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, GXO Logistics presently has an average rating of "Moderate Buy" and an average target price of $57.62.

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.