GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. cut its position in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 21.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,589 shares of the company's stock after selling 15,759 shares during the quarter. Stanley Laman Group Ltd.'s holdings in GXO Logistics were worth $2,549,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC boosted its position in GXO Logistics by 13.8% in the 3rd quarter. CWM LLC now owns 1,961 shares of the company's stock valued at $102,000 after buying an additional 238 shares during the period. UMB Bank n.a. lifted its stake in GXO Logistics by 111.4% in the third quarter. UMB Bank n.a. now owns 628 shares of the company's stock worth $33,000 after acquiring an additional 331 shares during the last quarter. Foster Victor Wealth Advisors LLC lifted its position in shares of GXO Logistics by 5.7% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 109,437 shares of the company's stock worth $5,570,000 after purchasing an additional 5,877 shares during the last quarter. Sumitomo Life Insurance Co. boosted its position in shares of GXO Logistics by 2.8% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 18,735 shares of the company's stock worth $976,000 after acquiring an additional 504 shares in the last quarter. Finally, Bleakley Financial Group LLC acquired a new position in GXO Logistics in the third quarter valued at approximately $201,000. Hedge funds and other institutional investors own 90.67% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on GXO shares. Barclays cut their price target on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Thursday. Wells Fargo & Company lowered their price objective 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. Loop Capital cut shares of GXO Logistics from a "buy" rating to a "hold" rating and reduced their target price for the company from $71.00 to $49.00 in a report on Monday, February 3rd. Oppenheimer increased their target price on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. Finally, Stifel Nicolaus restated a "buy" rating and issued a $66.00 price target (down previously from $74.00) on shares of GXO Logistics in a research report on Friday. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $58.54.

GXO Logistics Price Performance

Shares of GXO traded up $3.18 on Monday, reaching $39.49. The stock had a trading volume of 4,534,132 shares, compared to its average volume of 988,272. The firm has a 50-day moving average of $44.40 and a 200 day moving average of $50.79. The firm has a market capitalization of $4.72 billion, a PE ratio of 43.88, a PEG ratio of 1.19 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 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 announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. Sell-side analysts expect that GXO Logistics, Inc. will post 2.73 EPS for the current year.

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.