Vontobel Holding Ltd. Reduces Holdings in GXO Logistics, Inc. (NYSE:GXO)

Vontobel Holding Ltd. lessened its stake in GXO Logistics, Inc. (NYSE:GXO) by 70.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,991 shares of the company’s stock after selling 29,136 shares during the period. Vontobel Holding Ltd.’s holdings in GXO Logistics were worth $522,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. DekaBank Deutsche Girozentrale acquired a new position in shares of GXO Logistics during the third quarter valued at $28,000. Signaturefd LLC raised its stake in shares of GXO Logistics by 37.2% during the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after purchasing an additional 249 shares in the last quarter. Hara Capital LLC bought a new stake in GXO Logistics in the third quarter worth about $50,000. Whittier Trust Co. of Nevada Inc. raised its position in GXO Logistics by 37.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock worth $54,000 after acquiring an additional 282 shares in the last quarter. Finally, R Squared Ltd bought a new stake in GXO Logistics in the fourth quarter worth about $54,000. Institutional investors own 90.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GXO. TD Cowen lifted their target price on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. UBS Group lowered their target price on GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, February 14th. The Goldman Sachs Group reduced 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. Oppenheimer reduced their price objective on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Barclays cut their target price on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $57.62.

GXO Logistics Stock Down 1.6 %

Shares of GXO opened at $40.51 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. The stock has a fifty day moving average of $43.85 and a 200-day moving average of $50.54. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 36.17, a PEG ratio of 1.30 and a beta of 1.60. GXO Logistics, Inc. has a 52 week low of $34.51 and a 52 week high of $63.33.

GXO Logistics (NYSE:GXO) last posted its earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. As a group, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.52 earnings per share for the current fiscal year.

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.