Perpetual Ltd Sells 543,160 Shares of GXO Logistics, Inc. $GXO

Perpetual Ltd lowered its holdings in GXO Logistics, Inc. (NYSE:GXO) by 20.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,168,467 shares of the company’s stock after selling 543,160 shares during the quarter. GXO Logistics accounts for about 1.7% of Perpetual Ltd’s investment portfolio, making the stock its 16th largest position. Perpetual Ltd owned about 1.89% of GXO Logistics worth $114,148,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Allworth Financial LP boosted its holdings in GXO Logistics by 175.0% in the 3rd quarter. Allworth Financial LP now owns 517 shares of the company’s stock valued at $27,000 after purchasing an additional 329 shares during the period. Accredited Wealth Management LLC grew its position in GXO Logistics by 1,100.0% during the third quarter. Accredited Wealth Management LLC now owns 600 shares of the company’s stock worth $32,000 after buying an additional 550 shares in the last quarter. Chapman Financial Group LLC bought a new position in GXO Logistics during the second quarter valued at about $34,000. Farther Finance Advisors LLC increased its stake in GXO Logistics by 177.9% during the third quarter. Farther Finance Advisors LLC now owns 767 shares of the company’s stock valued at $41,000 after acquiring an additional 491 shares during the period. Finally, Quent Capital LLC acquired a new position in GXO Logistics in the 3rd quarter valued at approximately $50,000. 90.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GXO has been the subject of a number of research reports. Stifel Nicolaus set a $70.00 price objective on GXO Logistics in a research report on Thursday, February 12th. Wells Fargo & Company boosted their price objective on GXO Logistics from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Morgan Stanley restated an “overweight” rating and issued a $75.00 target price on shares of GXO Logistics in a research note on Tuesday, February 17th. Truist Financial raised their target price on GXO Logistics from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Finally, Susquehanna reiterated a “positive” rating and set a $82.00 price target on shares of GXO Logistics in a research note on Thursday, February 12th. Ten investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.17.

GXO Logistics Price Performance

GXO Logistics stock opened at $53.06 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $6.09 billion, a PE ratio of 176.88, a price-to-earnings-growth ratio of 1.80 and a beta of 1.66. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $66.85. The business has a 50 day simple moving average of $57.47 and a 200 day simple moving average of $54.59.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. GXO Logistics had a return on equity of 9.83% and a net margin of 0.24%.The firm had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.48 billion. During the same period in the prior year, the business posted $1.00 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

GXO Logistics Company Profile

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.