GXO Logistics, Inc. $GXO Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 4.3% in the 3rd quarter, Holdings Channel reports. The firm owned 360,259 shares of the company’s stock after selling 16,217 shares during the quarter. JPMorgan Chase & Co.’s holdings in GXO Logistics were worth $19,054,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in GXO Logistics by 29.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,867 shares of the company’s stock valued at $1,568,000 after purchasing an additional 9,134 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in GXO Logistics by 2.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 377,211 shares of the company’s stock worth $14,741,000 after buying an additional 8,670 shares during the period. Geneos Wealth Management Inc. lifted its stake in GXO Logistics by 4,775.6% in the first quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock valued at $78,000 after buying an additional 1,958 shares during the last quarter. SG Americas Securities LLC lifted its stake in GXO Logistics by 78.3% in the second quarter. SG Americas Securities LLC now owns 4,910 shares of the company’s stock valued at $239,000 after buying an additional 2,156 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of GXO Logistics by 22.7% during the second quarter. Prudential Financial Inc. now owns 12,849 shares of the company’s stock valued at $626,000 after acquiring an additional 2,377 shares during the period. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GXO. UBS Group upped their price target on shares of GXO Logistics from $63.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Citigroup lifted their price objective on shares of GXO Logistics from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Weiss Ratings lowered shares of GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Oppenheimer restated an “outperform” rating and issued a $70.00 target price on shares of GXO Logistics in a research report on Thursday, February 12th. Finally, Morgan Stanley restated an “overweight” rating and issued a $75.00 price target on shares of GXO Logistics in a research note on Tuesday, February 17th. Ten analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $69.17.

GXO Logistics Price Performance

Shares of GXO opened at $52.10 on Thursday. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 173.67, a price-to-earnings-growth ratio of 1.75 and a beta of 1.62. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.85 and a current ratio of 0.85. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $66.85. The stock’s fifty day moving average is $58.18 and its 200-day moving average is $54.59.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The business had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.48 billion. GXO Logistics had a net margin of 0.24% and a return on equity of 9.83%. The company’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.00 earnings per share. Equities analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current year.

GXO Logistics Company 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.