GXO Logistics, Inc. (NYSE:GXO) Shares Sold by American International Group Inc.

American International Group Inc. trimmed its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 160,665 shares of the company’s stock after selling 6,888 shares during the quarter. American International Group Inc. owned about 0.13% of GXO Logistics worth $9,826,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in GXO. DekaBank Deutsche Girozentrale purchased a new position in shares of GXO Logistics during the 3rd quarter worth approximately $31,000. Headlands Technologies LLC purchased a new position in shares of GXO Logistics during the 4th quarter worth approximately $59,000. CWM LLC raised its stake in shares of GXO Logistics by 28.1% during the 4th quarter. CWM LLC now owns 1,778 shares of the company’s stock worth $109,000 after buying an additional 390 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of GXO Logistics by 16.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,988 shares of the company’s stock worth $122,000 after buying an additional 287 shares in the last quarter. Finally, KBC Group NV purchased a new position in shares of GXO Logistics during the 4th quarter worth approximately $135,000. 90.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at GXO Logistics

In other GXO Logistics news, CEO Malcolm Wilson acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were acquired at an average price of $49.95 per share, for a total transaction of $499,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 100,814 shares of the company’s stock, valued at $5,035,659.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company initiated coverage on GXO Logistics in a research note on Friday, June 7th. They set an “overweight” rating and a $58.00 target price for the company. TD Cowen raised their price objective on GXO Logistics from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. JPMorgan Chase & Co. dropped their price objective on GXO Logistics from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. BNP Paribas raised GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price objective for the company in a research note on Wednesday, March 27th. Finally, Loop Capital dropped their price objective on GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, GXO Logistics currently has an average rating of “Moderate Buy” and an average target price of $68.85.

GXO Logistics Price Performance

Shares of NYSE:GXO opened at $47.17 on Wednesday. The business’s fifty day moving average price is $50.58 and its two-hundred day moving average price is $53.70. The stock has a market cap of $5.63 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 1.44 and a beta of 1.61. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.94 and a current ratio of 0.94. GXO Logistics, Inc. has a one year low of $47.00 and a one year high of $67.57.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. GXO Logistics had a return on equity of 10.60% and a net margin of 1.68%. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. On average, analysts forecast that GXO Logistics, Inc. will post 2.77 EPS 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.