SG Americas Securities LLC Sells 3,856 Shares of GXO Logistics, Inc. (NYSE:GXO)

SG Americas Securities LLC lessened its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 37.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,417 shares of the company’s stock after selling 3,856 shares during the period. SG Americas Securities LLC’s holdings in GXO Logistics were worth $334,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Smithfield Trust Co lifted its position in shares of GXO Logistics by 16.5% in the 1st quarter. Smithfield Trust Co now owns 1,378 shares of the company’s stock worth $73,000 after purchasing an additional 195 shares during the period. Blue Zone Wealth Advisors LLC lifted its holdings in GXO Logistics by 0.5% during the first quarter. Blue Zone Wealth Advisors LLC now owns 46,898 shares of the company’s stock valued at $2,521,000 after purchasing an additional 229 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of GXO Logistics by 0.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 44,570 shares of the company’s stock worth $2,251,000 after buying an additional 262 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of GXO Logistics by 3.1% in the first quarter. Perigon Wealth Management LLC now owns 9,924 shares of the company’s stock worth $534,000 after buying an additional 301 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in GXO Logistics by 1.0% in the second quarter. Pacer Advisors Inc. now owns 31,220 shares of the company’s stock worth $1,577,000 after purchasing an additional 317 shares during the last quarter. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Up 0.4 %

Shares of NYSE:GXO opened at $63.01 on Friday. 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, Inc. has a 52-week low of $46.07 and a 52-week high of $63.33. The company has a 50 day moving average of $51.40 and a two-hundred day moving average of $51.02. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 45.33, a price-to-earnings-growth ratio of 1.52 and a beta of 1.59.

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

Analyst Upgrades and Downgrades

Several analysts have commented on GXO shares. Citigroup began coverage on shares of GXO Logistics in a research report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price target for the company. JPMorgan Chase & Co. raised their price objective on shares of GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 9th. Susquehanna decreased their target price on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research report on Thursday, September 26th. 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 company’s stock. Based on data from MarketBeat, GXO Logistics presently has an average rating of “Moderate Buy” and a consensus price target of $66.91.

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.