Bank of New York Mellon Corp Has $37.46 Million Stake in GXO Logistics, Inc. (NYSE:GXO)

Bank of New York Mellon Corp reduced its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 861,069 shares of the company’s stock after selling 22,176 shares during the period. Bank of New York Mellon Corp owned 0.72% of GXO Logistics worth $37,456,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GXO. Peregrine Capital Management LLC lifted its position in GXO Logistics by 1.5% in the 4th quarter. Peregrine Capital Management LLC now owns 155,493 shares of the company’s stock valued at $6,764,000 after acquiring an additional 2,357 shares in the last quarter. Truist Financial Corp lifted its position in GXO Logistics by 4.0% in the 4th quarter. Truist Financial Corp now owns 17,581 shares of the company’s stock valued at $765,000 after acquiring an additional 675 shares in the last quarter. Blue Zone Wealth Advisors LLC lifted its position in GXO Logistics by 32.4% in the 4th quarter. Blue Zone Wealth Advisors LLC now owns 63,484 shares of the company’s stock valued at $2,762,000 after acquiring an additional 15,542 shares in the last quarter. Rhumbline Advisers lifted its position in GXO Logistics by 3.2% in the 4th quarter. Rhumbline Advisers now owns 329,829 shares of the company’s stock valued at $14,348,000 after acquiring an additional 10,159 shares in the last quarter. Finally, Life Planning Partners Inc lifted its position in GXO Logistics by 4,250.0% in the 4th quarter. Life Planning Partners Inc now owns 263,393 shares of the company’s stock valued at $11,458,000 after acquiring an additional 257,338 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GXO has been the topic of several recent analyst reports. Morgan Stanley dropped their target price on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Oppenheimer dropped their target price on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Barclays dropped their target price on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GXO Logistics in a research report on Friday. They set a “hold” rating and a $45.00 target price on the stock. Finally, Stifel Nicolaus reissued a “buy” rating and set a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, GXO Logistics presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.71.

GXO Logistics Trading Down 0.7 %

NYSE:GXO opened at $38.12 on Friday. The company’s 50 day moving average price is $42.67 and its 200-day moving average price is $49.87. GXO Logistics, Inc. has a 52 week low of $34.51 and a 52 week high of $63.33. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 34.03, a PEG ratio of 1.34 and a beta of 1.62.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share 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%. On average, equities research analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

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.