Ballentine Partners LLC Sells 407 Shares of GXO Logistics, Inc. (NYSE:GXO)

Ballentine Partners LLC lessened its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,720 shares of the company’s stock after selling 407 shares during the period. Ballentine Partners LLC’s holdings in GXO Logistics were worth $249,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new position in shares of GXO Logistics in the third quarter valued at about $28,000. UMB Bank n.a. boosted its holdings in GXO Logistics by 111.4% in the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company’s stock valued at $33,000 after purchasing an additional 331 shares during the period. Signaturefd LLC increased its holdings in shares of GXO Logistics by 37.2% during the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after purchasing an additional 249 shares during the period. Hara Capital LLC acquired a new stake in shares of GXO Logistics in the third quarter valued at approximately $50,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of 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 valued at $54,000 after buying an additional 282 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analyst Upgrades and Downgrades

GXO has been the topic of a number of recent research reports. Oppenheimer raised their price objective on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Barclays cut their price objective on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. The Goldman Sachs Group decreased their target price on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. UBS Group upped their price target on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, TD Cowen lifted their price objective on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, GXO Logistics presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.38.

GXO Logistics Price Performance

Shares of GXO opened at $45.19 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. The stock has a market cap of $5.40 billion, a PE ratio of 50.21, a PEG ratio of 1.23 and a beta of 1.60. GXO Logistics, Inc. has a 12-month low of $41.38 and a 12-month high of $63.33. The business has a 50-day simple moving average of $48.72 and a two-hundred day simple moving average of $51.91.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The firm’s revenue was up 27.8% compared to the same quarter last year. Analysts anticipate that GXO Logistics, Inc. will post 2.73 earnings per share for the current fiscal 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.