Maven Securities LTD Sells 25,000 Shares of GXO Logistics, Inc. (NYSE:GXO)

Maven Securities LTD reduced its position in GXO Logistics, Inc. (NYSE:GXO) by 33.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,000 shares of the company’s stock after selling 25,000 shares during the quarter. Maven Securities LTD’s holdings in GXO Logistics were worth $2,525,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of GXO Logistics by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 11,228,350 shares of the company’s stock valued at $603,636,000 after purchasing an additional 82,485 shares during the last quarter. American Century Companies Inc. grew its position in GXO Logistics by 25.2% during the 2nd quarter. American Century Companies Inc. now owns 3,221,818 shares of the company’s stock worth $162,702,000 after acquiring an additional 648,547 shares during the last quarter. Clearbridge Investments LLC increased its stake in GXO Logistics by 0.5% in the 1st quarter. Clearbridge Investments LLC now owns 2,956,981 shares of the company’s stock worth $158,967,000 after purchasing an additional 15,463 shares during the period. Fort Pitt Capital Group LLC lifted its position in GXO Logistics by 30.4% in the second quarter. Fort Pitt Capital Group LLC now owns 2,416,606 shares of the company’s stock valued at $122,039,000 after purchasing an additional 563,057 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of GXO Logistics by 11.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,398,933 shares of the company’s stock valued at $121,140,000 after purchasing an additional 240,766 shares during the period. 90.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GXO has been the topic of several analyst reports. UBS Group decreased their target price on shares of GXO Logistics from $71.00 to $66.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Susquehanna decreased their price objective on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research report on Thursday, September 26th. Wells Fargo & Company assumed coverage on shares of GXO Logistics in a research note on Friday, June 7th. They set an “overweight” rating and a $58.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price on GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 9th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $67.27.

GXO Logistics Trading Down 2.6 %

NYSE GXO opened at $50.71 on Wednesday. The stock’s 50 day moving average is $50.32 and its 200 day moving average is $50.58. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $6.06 billion, a PE ratio of 36.48, a P/E/G ratio of 1.55 and a beta of 1.58. GXO Logistics, Inc. has a twelve month low of $46.07 and a twelve month high of $63.07.

GXO Logistics (NYSE:GXO) last released its earnings results on Tuesday, August 6th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the company earned $0.70 earnings per share. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. Research analysts forecast that GXO Logistics, Inc. will post 2.79 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.