GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its position in GXO Logistics, Inc. (NYSE:GXO) by 18.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,264 shares of the company’s stock after selling 1,435 shares during the period. Corient Private Wealth LLC’s holdings in GXO Logistics were worth $272,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of GXO Logistics by 1.9% in the 3rd quarter. State Street Corp now owns 3,631,328 shares of the company’s stock valued at $189,083,000 after purchasing an additional 66,232 shares in the last quarter. Swedbank AB increased its holdings in GXO Logistics by 13.9% in 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 in the last quarter. River Road Asset Management LLC increased its holdings in GXO Logistics by 53.5% in the fourth quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company’s stock valued at $87,355,000 after buying an additional 699,636 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of GXO Logistics by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,982,920 shares of the company’s stock worth $103,279,000 after acquiring an additional 29,992 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of GXO Logistics in the 4th quarter worth approximately $47,626,000. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on GXO shares. Stifel Nicolaus reiterated a “buy” rating and set a $66.00 target price (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Truist Financial assumed coverage on shares of GXO Logistics in a research report on Thursday, March 13th. They issued a “hold” rating and a $40.00 price objective on the stock. Oppenheimer dropped their target price on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GXO Logistics in a report on Friday, March 7th. They issued a “hold” rating and a $45.00 price target on the stock. Finally, The Goldman Sachs Group dropped their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $56.00.

GXO Logistics Trading Down 0.5 %

Shares of GXO opened at $39.12 on Tuesday. GXO Logistics, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $63.33. The company has a market capitalization of $4.68 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62. The stock has a fifty day moving average of $41.22 and a two-hundred day moving average of $48.76. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83.

GXO Logistics (NYSE:GXO) last released its earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. As a group, analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current year.

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.