GXO Logistics, Inc. $GXO Stock Position Reduced by Vanguard Group Inc.

Vanguard Group Inc. lessened its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 1.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,794,416 shares of the company’s stock after selling 111,908 shares during the quarter. Vanguard Group Inc. owned about 0.09% of GXO Logistics worth $568,218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. M&T Bank Corp lifted its holdings in GXO Logistics by 7,226.9% during the 4th quarter. M&T Bank Corp now owns 311,320 shares of the company’s stock worth $16,388,000 after buying an additional 307,071 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in GXO Logistics by 4.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,789 shares of the company’s stock worth $1,779,000 after buying an additional 1,330 shares during the last quarter. Bayforest Capital Ltd lifted its holdings in GXO Logistics by 18.7% during the 4th quarter. Bayforest Capital Ltd now owns 5,416 shares of the company’s stock worth $285,000 after buying an additional 852 shares during the last quarter. Kirr Marbach & Co. LLC IN lifted its holdings in GXO Logistics by 1.8% during the 4th quarter. Kirr Marbach & Co. LLC IN now owns 164,224 shares of the company’s stock worth $8,645,000 after buying an additional 2,909 shares during the last quarter. Finally, CWM LLC lifted its holdings in GXO Logistics by 11.4% during the 4th quarter. CWM LLC now owns 2,350 shares of the company’s stock worth $124,000 after buying an additional 240 shares during the last quarter. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Down 17.7%

Shares of GXO stock opened at $46.30 on Tuesday. GXO Logistics, Inc. has a 1 year low of $36.75 and a 1 year high of $66.85. The stock has a market cap of $5.33 billion, a PE ratio of 154.32, a price-to-earnings-growth ratio of 1.90 and a beta of 1.62. The business’s fifty day moving average is $56.05 and its 200-day moving average is $55.17. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.85 and a current ratio of 0.85.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. GXO Logistics had a return on equity of 9.83% and a net margin of 0.24%.The company had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.48 billion. During the same period last year, the firm earned $1.00 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities analysts expect that GXO Logistics, Inc. will post 3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GXO. Oppenheimer reaffirmed an “outperform” rating and set a $70.00 target price on shares of GXO Logistics in a research note on Thursday, February 12th. Truist Financial lifted their price target on GXO Logistics from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. The Goldman Sachs Group cut GXO Logistics from a “buy” rating to a “neutral” rating and set a $68.00 price target on the stock. in a research report on Wednesday, March 4th. Morgan Stanley reiterated an “overweight” rating and set a $75.00 price target on shares of GXO Logistics in a research report on Tuesday, February 17th. Finally, Wells Fargo & Company lifted their price target on GXO Logistics from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, GXO Logistics currently has an average rating of “Moderate Buy” and a consensus price target of $69.17.

GXO Logistics Company Profile

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.