Charles Schwab Investment Management Inc. Sells 989 Shares of GXO Logistics, Inc. (NYSE:GXO)

Charles Schwab Investment Management Inc. lessened its holdings in GXO Logistics, Inc. (NYSE:GXO) by 0.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,196,909 shares of the company’s stock after selling 989 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.00% of GXO Logistics worth $52,066,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Stifel Financial Corp lifted its position in shares of GXO Logistics by 95.8% in the third quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock worth $3,960,000 after purchasing an additional 37,197 shares in the last quarter. Douglas Lane & Associates LLC lifted its position in shares of GXO Logistics by 6.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock worth $20,904,000 after purchasing an additional 31,015 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of GXO Logistics by 2.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company’s stock worth $26,153,000 after purchasing an additional 12,208 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of GXO Logistics in the third quarter worth $667,000. Finally, Barclays PLC lifted its position in shares of GXO Logistics by 28.9% in the third quarter. Barclays PLC now owns 62,545 shares of the company’s stock worth $3,256,000 after purchasing an additional 14,020 shares in the last quarter. Institutional investors own 90.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Truist Financial began coverage on shares of GXO Logistics in a research report on Thursday. They issued a “hold” rating and a $40.00 price objective on the stock. UBS Group dropped their price target on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Morgan Stanley dropped their price target 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. Loop Capital lowered shares of GXO Logistics from a “buy” rating to a “hold” rating and dropped their price target for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. Finally, Wells Fargo & Company dropped their price target on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.60.

GXO Logistics Trading Up 1.7 %

GXO stock opened at $39.05 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. The company’s 50-day simple moving average is $42.15 and its 200 day simple moving average is $49.50. GXO Logistics, Inc. has a 52 week low of $34.51 and a 52 week high of $63.33. The company has a market capitalization of $4.67 billion, a PE ratio of 34.86, a price-to-earnings-growth 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 EPS for the quarter, beating 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%. As a group, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current 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.