Hennion & Walsh Asset Management Inc. Has $545,000 Stake in GXO Logistics, Inc. (NYSE:GXO)

Hennion & Walsh Asset Management Inc. reduced its stake in GXO Logistics, Inc. (NYSE:GXO) by 24.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,532 shares of the company’s stock after selling 4,022 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in GXO Logistics were worth $545,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of GXO Logistics by 213.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock valued at $60,000 after acquiring an additional 933 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of GXO Logistics in the fourth quarter valued at approximately $182,000. Harbor Capital Advisors Inc. increased its stake in shares of GXO Logistics by 2.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 48,937 shares of the company’s stock valued at $2,129,000 after buying an additional 1,172 shares during the period. Douglas Lane & Associates LLC increased its stake in shares of GXO Logistics by 6.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock valued at $20,904,000 after buying an additional 31,015 shares during the period. Finally, Sterneck Capital Management LLC lifted its position in shares of GXO Logistics by 21.8% in the 4th quarter. Sterneck Capital Management LLC now owns 6,707 shares of the company’s stock worth $292,000 after purchasing an additional 1,200 shares during the period. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Price Performance

GXO opened at $43.98 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $5.25 billion, a P/E ratio of 48.86, a PEG ratio of 1.10 and a beta of 1.60. GXO Logistics, Inc. has a fifty-two week low of $41.38 and a fifty-two week high of $63.33. The firm has a 50-day moving average of $49.89 and a 200 day moving average of $52.03.

GXO Logistics (NYSE:GXO) last issued its earnings results on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The company’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter last year, the business earned $0.69 earnings per share. On average, research analysts expect that GXO Logistics, Inc. will post 2.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group dropped their price target on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Barclays lowered their price objective on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. UBS Group upped their target price on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Susquehanna reduced their target price on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research note on Thursday, September 26th. Finally, Oppenheimer upped their target price on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.38.

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.