Yousif Capital Management LLC Sells 1,691 Shares of GXO Logistics, Inc. (NYSE:GXO)

Yousif Capital Management LLC reduced its holdings in GXO Logistics, Inc. (NYSE:GXO) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,580 shares of the company’s stock after selling 1,691 shares during the quarter. Yousif Capital Management LLC’s holdings in GXO Logistics were worth $1,896,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in GXO. Retirement Systems of Alabama grew its stake in GXO Logistics by 7.4% in the fourth quarter. Retirement Systems of Alabama now owns 327,189 shares of the company’s stock valued at $14,233,000 after acquiring an additional 22,404 shares during the period. Swedbank AB boosted its position in shares of GXO Logistics by 13.9% during the fourth quarter. Swedbank AB now owns 2,050,000 shares of the company’s stock valued at $89,175,000 after buying an additional 250,000 shares during the last quarter. Foster Victor Wealth Advisors LLC boosted its position in shares of GXO Logistics by 25.1% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 136,872 shares of the company’s stock valued at $6,016,000 after buying an additional 27,435 shares during the last quarter. R Squared Ltd purchased a new position in shares of GXO Logistics during the fourth quarter valued at approximately $54,000. Finally, Kirr Marbach & Co. LLC IN boosted its position in shares of GXO Logistics by 57.1% during the fourth quarter. Kirr Marbach & Co. LLC IN now owns 155,720 shares of the company’s stock valued at $6,774,000 after buying an additional 56,581 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Stock Performance

Shares of GXO opened at $43.02 on Wednesday. The business has a fifty day moving average of $45.04 and a 200 day moving average of $51.13. GXO Logistics, Inc. has a one year low of $41.38 and a one year high of $63.33. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $5.14 billion, a P/E ratio of 47.80, a PEG ratio of 1.19 and a beta of 1.60.

Wall Street Analysts Forecast Growth

GXO has been the topic of several research analyst reports. TD Cowen boosted their price objective on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Oppenheimer boosted their price objective on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Barclays cut their price objective 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. Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and cut their price objective for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group cut their price objective on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.46.

GXO Logistics Company 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.