GXO Logistics, Inc. $GXO Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 362,109 shares of the company’s stock after selling 15,031 shares during the quarter. Legal & General Group Plc owned about 0.32% of GXO Logistics worth $19,061,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of GXO Logistics by 3,222,426.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,697,772 shares of the company’s stock worth $593,791,000 after purchasing an additional 11,697,409 shares during the period. Dimensional Fund Advisors LP raised its position in shares of GXO Logistics by 3.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,206,334 shares of the company’s stock worth $222,473,000 after purchasing an additional 121,486 shares during the period. Alliancebernstein L.P. raised its position in shares of GXO Logistics by 9.0% during the 2nd quarter. Alliancebernstein L.P. now owns 2,736,892 shares of the company’s stock worth $133,287,000 after purchasing an additional 225,603 shares during the period. Parsifal Capital Management LP raised its position in shares of GXO Logistics by 77.5% during the 3rd quarter. Parsifal Capital Management LP now owns 1,482,957 shares of the company’s stock worth $78,434,000 after purchasing an additional 647,457 shares during the period. Finally, Brown Brothers Harriman & Co. raised its position in shares of GXO Logistics by 2.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,472,381 shares of the company’s stock worth $77,874,000 after purchasing an additional 28,354 shares during the period. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GXO shares. Barclays upgraded GXO Logistics from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $58.00 to $65.00 in a research report on Wednesday, May 27th. UBS Group raised their target price on GXO Logistics from $63.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Susquehanna restated a “positive” rating and issued a $82.00 target price on shares of GXO Logistics in a research report on Thursday, February 12th. Citigroup raised their target price on GXO Logistics from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, The Goldman Sachs Group cut GXO Logistics from a “buy” rating to a “neutral” rating and set a $68.00 target price on the stock. in a research report on Wednesday, March 4th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.92.

GXO Logistics Stock Performance

Shares of NYSE GXO opened at $49.98 on Tuesday. The stock has a fifty day moving average price of $52.47 and a two-hundred day moving average price of $54.50. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $5.75 billion, a P/E ratio of 43.85, a PEG ratio of 1.66 and a beta of 1.56. GXO Logistics, Inc. has a 1 year low of $39.92 and a 1 year high of $66.85.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.22 billion. GXO Logistics had a return on equity of 10.55% and a net margin of 0.98%.The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the company posted $0.29 EPS. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. Research analysts forecast that GXO Logistics, Inc. will post 3.06 EPS for the current fiscal year.

GXO Logistics 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.