Amalgamated Bank Sells 3,013 Shares of GXO Logistics, Inc. $GXO

Amalgamated Bank decreased its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 5.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 52,375 shares of the company’s stock after selling 3,013 shares during the quarter. Amalgamated Bank’s holdings in GXO Logistics were worth $2,551,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC grew its stake in shares of GXO Logistics by 2,460.7% during the 1st quarter. Larson Financial Group LLC now owns 717 shares of the company’s stock worth $28,000 after acquiring an additional 689 shares during the period. GAMMA Investing LLC grew its stake in shares of GXO Logistics by 57.0% during the 1st quarter. GAMMA Investing LLC now owns 832 shares of the company’s stock worth $33,000 after acquiring an additional 302 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of GXO Logistics by 72.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company’s stock worth $37,000 after acquiring an additional 396 shares during the period. Hantz Financial Services Inc. grew its stake in shares of GXO Logistics by 1,964.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 929 shares of the company’s stock worth $45,000 after acquiring an additional 884 shares during the period. Finally, Covestor Ltd grew its stake in shares of GXO Logistics by 63.2% during the 1st quarter. Covestor Ltd now owns 1,645 shares of the company’s stock worth $64,000 after acquiring an additional 637 shares during the period. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Performance

Shares of GXO opened at $55.29 on Wednesday. The company has a market cap of $6.33 billion, a PE ratio of 104.33, a price-to-earnings-growth ratio of 2.25 and a beta of 1.64. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.87. The stock has a 50-day moving average price of $52.93 and a 200-day moving average price of $48.24. GXO Logistics, Inc. has a 12-month low of $30.46 and a 12-month high of $62.07.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.39 billion. GXO Logistics had a return on equity of 10.45% and a net margin of 0.50%.The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the company posted $0.79 EPS. GXO Logistics has set its FY 2025 guidance at 2.430-2.630 EPS. As a group, equities analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on GXO shares. UBS Group raised their target price on GXO Logistics from $58.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. raised their target price on GXO Logistics from $65.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. The Goldman Sachs Group raised shares of GXO Logistics from a “neutral” rating to a “buy” rating and upped their target price for the stock from $52.00 to $68.00 in a report on Wednesday, September 24th. Morgan Stanley decreased their target price on shares of GXO Logistics from $60.00 to $58.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Finally, Truist Financial set a $65.00 target price on shares of GXO Logistics in a report on Tuesday, October 14th. Eleven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $61.57.

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.