Summitry LLC Sells 37,796 Shares of GXO Logistics, Inc. $GXO

Summitry LLC cut its holdings in GXO Logistics, Inc. (NYSE:GXO) by 4.2% in the first quarter, HoldingsChannel reports. The firm owned 856,797 shares of the company’s stock after selling 37,796 shares during the quarter. GXO Logistics accounts for 1.6% of Summitry LLC’s portfolio, making the stock its 21st largest position. Summitry LLC’s holdings in GXO Logistics were worth $44,425,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Allworth Financial LP raised its stake in GXO Logistics by 175.0% during the third quarter. Allworth Financial LP now owns 517 shares of the company’s stock valued at $27,000 after purchasing an additional 329 shares in the last quarter. Chapman Financial Group LLC purchased a new position in shares of GXO Logistics in the 2nd quarter worth $34,000. Farther Finance Advisors LLC grew its stake in shares of GXO Logistics by 85.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,420 shares of the company’s stock worth $75,000 after buying an additional 653 shares in the last quarter. Danske Bank A S bought a new stake in shares of GXO Logistics in the 3rd quarter worth about $79,000. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of GXO Logistics by 201.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,621 shares of the company’s stock worth $86,000 after buying an additional 1,083 shares during the last quarter. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Trading Down 0.4%

GXO stock opened at $50.22 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.88. GXO Logistics, Inc. has a twelve month low of $45.40 and a twelve month high of $66.85. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 44.05, a price-to-earnings-growth ratio of 1.67 and a beta of 1.55. The firm’s fifty day simple moving average is $50.62 and its two-hundred day simple moving average is $54.09.

GXO Logistics (NYSE:GXO) last announced its earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.13. The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.22 billion. GXO Logistics had a net margin of 0.98% and a return on equity of 10.55%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. As a group, analysts anticipate that GXO Logistics, Inc. will post 3.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

GXO has been the topic of several recent research reports. Citigroup assumed coverage on shares of GXO Logistics in a research report on Wednesday, July 15th. They set a “market outperform” rating on the stock. Truist Financial dropped their price target on GXO Logistics from $70.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Weiss Ratings raised GXO Logistics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Morgan Stanley upped their price objective on GXO Logistics from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Finally, Wall Street Zen lowered GXO Logistics from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.71.

About GXO Logistics

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.