Amalgamated Bank Has $3.76 Million Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Amalgamated Bank lowered its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 6.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,543 shares of the company’s stock after selling 4,918 shares during the quarter. Amalgamated Bank owned about 0.06% of GXO Logistics worth $3,764,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GXO. Vanguard Group Inc. grew its holdings in shares of GXO Logistics by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 11,228,350 shares of the company’s stock worth $603,636,000 after purchasing an additional 82,485 shares in the last quarter. American Century Companies Inc. grew its stake in GXO Logistics by 25.2% during the second quarter. American Century Companies Inc. now owns 3,221,818 shares of the company’s stock worth $162,702,000 after buying an additional 648,547 shares in the last quarter. Clearbridge Investments LLC increased its holdings in GXO Logistics by 0.5% in the 1st quarter. Clearbridge Investments LLC now owns 2,956,981 shares of the company’s stock valued at $158,967,000 after buying an additional 15,463 shares during the period. Fort Pitt Capital Group LLC raised its position in shares of GXO Logistics by 30.4% in the 2nd quarter. Fort Pitt Capital Group LLC now owns 2,416,606 shares of the company’s stock valued at $122,039,000 after buying an additional 563,057 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of GXO Logistics by 11.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,398,933 shares of the company’s stock worth $121,140,000 after acquiring an additional 240,766 shares during the period. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Price Performance

Shares of GXO opened at $51.51 on Monday. The business has a 50-day simple moving average of $50.72 and a two-hundred day simple moving average of $50.47. GXO Logistics, Inc. has a 12-month low of $46.07 and a 12-month high of $63.07. The stock has a market cap of $6.15 billion, a PE ratio of 37.06, a PEG ratio of 1.46 and a beta of 1.58. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.87.

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

Wall Street Analyst Weigh In

GXO has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, July 9th. Wells Fargo & Company started coverage on GXO Logistics in a report on Friday, June 7th. They set an “overweight” rating and a $58.00 price target for the company. Finally, UBS Group decreased their target price on GXO Logistics from $71.00 to $66.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, GXO Logistics has an average rating of “Moderate Buy” and a consensus target price of $67.45.

About GXO Logistics

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.