GXO Logistics, Inc. (NYSE:GXO) Position Trimmed by Reinhart Partners LLC.

Reinhart Partners LLC. decreased its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 600,136 shares of the company’s stock after selling 8,558 shares during the period. Reinhart Partners LLC. owned about 0.50% of GXO Logistics worth $26,106,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. increased its stake in GXO Logistics by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 48,937 shares of the company’s stock valued at $2,129,000 after purchasing an additional 1,172 shares during the last quarter. Douglas Lane & Associates LLC grew its position in shares of GXO Logistics by 6.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock worth $20,904,000 after acquiring an additional 31,015 shares during the last quarter. Sterneck Capital Management LLC grew its position in shares of GXO Logistics by 21.8% during the fourth quarter. Sterneck Capital Management LLC now owns 6,707 shares of the company’s stock worth $292,000 after acquiring an additional 1,200 shares during the last quarter. Synovus Financial Corp grew its position in shares of GXO Logistics by 10.8% during the third quarter. Synovus Financial Corp now owns 9,018 shares of the company’s stock worth $470,000 after acquiring an additional 882 shares during the last quarter. Finally, Tidal Investments LLC bought a new position in shares of GXO Logistics during the third quarter worth about $667,000. Institutional investors own 90.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on GXO shares. TD Cowen upped their price target on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Citigroup started coverage on shares of GXO Logistics in a research report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price target for the company. Oppenheimer upped their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Barclays reduced their price objective on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. Finally, Susquehanna reduced their price objective on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, GXO Logistics has an average rating of “Moderate Buy” and an average price target of $66.33.

GXO Logistics Stock Down 0.5 %

NYSE:GXO traded down $0.23 during mid-day trading on Monday, reaching $42.64. The stock had a trading volume of 495,671 shares, compared to its average volume of 1,228,223. The business’s 50 day moving average is $51.78 and its 200 day moving average is $52.27. GXO Logistics, Inc. has a fifty-two week low of $41.38 and a fifty-two week high of $63.33. The stock has a market cap of $5.09 billion, a P/E ratio of 47.38, a PEG ratio of 1.47 and a beta of 1.60. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Monday, November 4th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. The firm’s revenue was up 27.8% on a year-over-year basis. As a group, sell-side analysts predict that GXO Logistics, Inc. will post 2.76 earnings per share for the current year.

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.