Vontobel Holding Ltd. Sells 29,136 Shares of GXO Logistics, Inc. (NYSE:GXO)

Vontobel Holding Ltd. cut its stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 70.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,991 shares of the company's stock after selling 29,136 shares during the period. Vontobel Holding Ltd.'s holdings in GXO Logistics were worth $522,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. CWM LLC raised its stake in shares of GXO Logistics by 13.8% during the 3rd quarter. CWM LLC now owns 1,961 shares of the company's stock worth $102,000 after purchasing an additional 238 shares during the period. Bleakley Financial Group LLC bought a new stake in GXO Logistics in the 3rd quarter valued at about $201,000. Raymond James & Associates raised its stake in GXO Logistics by 16.3% in the 3rd quarter. Raymond James & Associates now owns 466,749 shares of the company's stock valued at $24,304,000 after acquiring an additional 65,534 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in GXO Logistics by 37.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company's stock valued at $54,000 after acquiring an additional 282 shares during the period. Finally, Signaturefd LLC grew its holdings in GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company's stock valued at $48,000 after buying an additional 249 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Trading Down 2.4 %

GXO stock traded down $0.96 during midday trading on Friday, hitting $38.94. The company had a trading volume of 768,010 shares, compared to its average volume of 1,569,315. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. GXO Logistics, Inc. has a 52 week low of $34.51 and a 52 week high of $63.33. The stock's 50 day moving average price is $43.67 and its 200 day moving average price is $50.47. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 1.35 and a beta of 1.60.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. As a group, equities research analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on GXO shares. Barclays reduced their target price on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. Wells Fargo & Company cut their price objective on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a report on Friday, February 14th. The Goldman Sachs Group cut their price objective on GXO Logistics from $63.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Loop Capital lowered GXO Logistics from a "buy" rating to a "hold" rating and cut their price objective for the stock from $71.00 to $49.00 in a report on Monday, February 3rd. Finally, Stifel Nicolaus reissued a "buy" rating and set a $66.00 price objective (down previously from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.