US Bancorp DE Has $795,000 Holdings in GXO Logistics, Inc. (NYSE:GXO)

US Bancorp DE cut its holdings in GXO Logistics, Inc. (NYSE:GXO) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,270 shares of the company’s stock after selling 3,061 shares during the period. US Bancorp DE’s holdings in GXO Logistics were worth $795,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. R Squared Ltd acquired a new stake in shares of GXO Logistics in the fourth quarter worth about $54,000. Nomura Asset Management Co. Ltd. lifted its holdings in GXO Logistics by 33.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock worth $60,000 after purchasing an additional 290 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in GXO Logistics by 213.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock worth $60,000 after purchasing an additional 933 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of GXO Logistics in the third quarter worth $71,000. Finally, Brooklyn Investment Group acquired a new position in GXO Logistics in the 3rd quarter valued at $106,000. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Trading Down 1.6 %

Shares of GXO Logistics stock opened at $37.49 on Tuesday. The stock has a market capitalization of $4.48 billion, a P/E ratio of 33.47, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62. GXO Logistics, Inc. has a 12-month low of $34.51 and a 12-month 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 company has a 50-day simple moving average of $42.46 and a 200 day simple moving average of $49.74.

GXO Logistics (NYSE:GXO) last posted its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. Research analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

GXO has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price target on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Loop Capital lowered GXO Logistics from a “buy” rating to a “hold” rating and cut their price target for the stock from $71.00 to $49.00 in a report on Monday, February 3rd. UBS Group lowered their price objective on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Barclays reduced their price target on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $56.71.

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.