Advisor Resource Council Sells 8,738 Shares of GXO Logistics, Inc. (NYSE:GXO)

Advisor Resource Council reduced its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 53.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,735 shares of the company’s stock after selling 8,738 shares during the quarter. Advisor Resource Council’s holdings in GXO Logistics were worth $416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in GXO. Headlands Technologies LLC acquired a new stake in shares of GXO Logistics during the fourth quarter worth $59,000. CWM LLC grew its position 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 during the period. Quadrant Capital Group LLC grew its position 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 during the period. KBC Group NV bought a new stake in GXO Logistics in the fourth quarter valued at approximately $135,000. Finally, U S Global Investors Inc. increased its position in shares of GXO Logistics by 42.5% in the 4th quarter. U S Global Investors Inc. now owns 2,472 shares of the company’s stock valued at $151,000 after buying an additional 737 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on GXO. BNP Paribas upgraded shares of GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 target price on the stock in a report on Wednesday, March 27th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $74.00 target price on shares of GXO Logistics in a research note on Wednesday, May 15th. Loop Capital dropped their price target on GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. TD Cowen upped their price objective on GXO Logistics from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $70.00 price objective on shares of GXO Logistics in a report on Tuesday, May 14th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $68.85.

Insider Buying and Selling

In other GXO Logistics news, CEO Malcolm Wilson acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was bought at an average cost of $49.95 per share, with a total value of $499,500.00. Following the completion of the transaction, the chief executive officer now directly owns 100,814 shares in the company, valued at approximately $5,035,659.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

GXO Logistics Price Performance

NYSE:GXO opened at $49.39 on Friday. The stock has a market capitalization of $5.90 billion, a PE ratio of 35.53, a P/E/G ratio of 1.48 and a beta of 1.60. GXO Logistics, Inc. has a 1-year low of $46.38 and a 1-year high of $67.57. The firm has a fifty day simple moving average of $50.22 and a 200 day simple moving average of $52.90. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.52.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.38 billion. GXO Logistics had a net margin of 1.68% and a return on equity of 10.60%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. On average, research analysts expect 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.