Crossmark Global Holdings Inc. Trims Stock Position in GXO Logistics, Inc. (NYSE:GXO)

Crossmark Global Holdings Inc. lessened its stake in GXO Logistics, Inc. (NYSE:GXO) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,177 shares of the company’s stock after selling 309 shares during the period. Crossmark Global Holdings Inc.’s holdings in GXO Logistics were worth $312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Mount Lucas Management LP raised its holdings in shares of GXO Logistics by 2.4% in the third quarter. Mount Lucas Management LP now owns 7,327 shares of the company’s stock valued at $382,000 after buying an additional 173 shares during the last quarter. Mathes Company Inc. increased its position in GXO Logistics by 0.7% in the 3rd quarter. Mathes Company Inc. now owns 25,475 shares of the company’s stock valued at $1,326,000 after acquiring an additional 175 shares during the period. Nisa Investment Advisors LLC increased its position in GXO Logistics by 7.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,064 shares of the company’s stock valued at $160,000 after acquiring an additional 220 shares during the period. CWM LLC raised its stake in GXO Logistics by 13.8% during the 3rd quarter. CWM LLC now owns 1,961 shares of the company’s stock valued at $102,000 after acquiring an additional 238 shares during the last quarter. Finally, Signaturefd LLC lifted its position in GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after acquiring an additional 249 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Up 0.3 %

GXO Logistics stock opened at $45.19 on Monday. GXO Logistics, Inc. has a twelve month low of $41.38 and a twelve month high of $63.33. 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 $5.40 billion, a PE ratio of 50.21, a P/E/G ratio of 1.23 and a beta of 1.60. The firm’s 50 day moving average price is $48.72 and its two-hundred day moving average price is $51.93.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. GXO Logistics’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS. On average, research analysts predict that GXO Logistics, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on GXO shares. Barclays dropped their target price on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. UBS Group upped their price objective on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. The Goldman Sachs Group cut their price objective on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. 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 target price on the stock. Finally, Oppenheimer upped their price target 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 equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.