GXO Logistics, Inc. (NYSE:GXO) Stock Holdings Trimmed by Blair William & Co. IL

Blair William & Co. IL decreased its holdings in GXO Logistics, Inc. (NYSE:GXO) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 124,368 shares of the company’s stock after selling 2,090 shares during the quarter. Blair William & Co. IL owned 0.10% of GXO Logistics worth $6,281,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC grew its position in GXO Logistics by 43.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,156 shares of the company’s stock valued at $765,000 after buying an additional 4,618 shares in the last quarter. Edgestream Partners L.P. lifted its stake in shares of GXO Logistics by 31.3% in the 2nd quarter. Edgestream Partners L.P. now owns 129,120 shares of the company’s stock worth $6,521,000 after acquiring an additional 30,768 shares during the period. Primecap Management Co. CA boosted its holdings in shares of GXO Logistics by 7.1% in the second quarter. Primecap Management Co. CA now owns 227,400 shares of the company’s stock valued at $11,484,000 after acquiring an additional 15,000 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of GXO Logistics by 11.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,398,933 shares of the company’s stock valued at $121,140,000 after acquiring an additional 240,766 shares during the period. Finally, Brown Brothers Harriman & Co. raised its holdings in GXO Logistics by 19.2% during the second quarter. Brown Brothers Harriman & Co. now owns 472,438 shares of the company’s stock worth $23,858,000 after purchasing an additional 76,137 shares in the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Price Performance

GXO stock opened at $51.55 on Friday. GXO Logistics, Inc. has a one year low of $46.07 and a one year high of $63.07. The firm has a 50-day moving average of $50.74 and a two-hundred day moving average of $50.45. The firm has a market capitalization of $6.16 billion, a PE ratio of 37.08, a P/E/G ratio of 1.46 and a beta of 1.58. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.87.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). GXO Logistics had a net margin of 1.35% and a return on equity of 9.86%. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter last year, the company posted $0.70 EPS. The firm’s revenue was up 18.9% compared to the same quarter last year. On average, analysts forecast that GXO Logistics, Inc. will post 2.79 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GXO. Wells Fargo & Company assumed coverage on GXO Logistics in a research report on Friday, June 7th. They set an “overweight” rating and a $58.00 price target on the stock. UBS Group lowered their target price on GXO Logistics from $71.00 to $66.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, July 9th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, GXO Logistics presently has a consensus rating of “Moderate Buy” and an average target price of $67.45.

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.