GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC decreased its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 0.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 217,913 shares of the company’s stock after selling 320 shares during the period. Exchange Traded Concepts LLC owned 0.18% of GXO Logistics worth $9,479,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GXO. DekaBank Deutsche Girozentrale acquired a new stake in shares of GXO Logistics during the third quarter worth $28,000. UMB Bank n.a. lifted its position in GXO Logistics by 111.4% during the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after buying an additional 331 shares during the period. Signaturefd LLC boosted its stake in GXO Logistics by 37.2% in the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after buying an additional 249 shares during the last quarter. Hara Capital LLC purchased a new stake in GXO Logistics in the 3rd quarter valued at about $50,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of GXO Logistics by 37.6% during 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 last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GXO. Citigroup started coverage on shares of GXO Logistics in a research report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 target price on the stock. Barclays decreased their price target on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. TD Cowen upped their price objective on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. The Goldman Sachs Group reduced their target price on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Oppenheimer upped their price target on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.38.

GXO Logistics Stock Up 0.3 %

Shares of NYSE:GXO opened at $45.19 on Friday. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 50.21, a price-to-earnings-growth ratio of 1.23 and a beta of 1.60. The company has a 50 day moving average of $48.72 and a two-hundred day moving average of $51.88. GXO Logistics, Inc. has a 52-week low of $41.38 and a 52-week high of $63.33. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the business earned $0.69 EPS. The business’s revenue was up 27.8% on a year-over-year basis. As a group, analysts forecast that GXO Logistics, Inc. will post 2.73 earnings per share for the current fiscal year.

GXO Logistics 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.