GXO Logistics, Inc. (NYSE:GXO) Shares Sold by CenterBook Partners LP

CenterBook Partners LP reduced its stake in shares of GXO Logistics, Inc. (NYSE:GXOFree Report) by 10.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,340 shares of the company’s stock after selling 3,719 shares during the quarter. CenterBook Partners LP’s holdings in GXO Logistics were worth $1,978,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Kestra Private Wealth Services LLC grew its position in shares of GXO Logistics by 5.3% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 4,004 shares of the company’s stock valued at $235,000 after acquiring an additional 200 shares during the period. New York Life Investment Management LLC purchased a new stake in shares of GXO Logistics in the third quarter valued at approximately $730,000. Amalgamated Bank raised its stake in shares of GXO Logistics by 13.9% during the 3rd quarter. Amalgamated Bank now owns 87,426 shares of the company’s stock worth $5,128,000 after buying an additional 10,660 shares during the period. Banque Cantonale Vaudoise lifted its position in shares of GXO Logistics by 5.1% during the 3rd quarter. Banque Cantonale Vaudoise now owns 6,510 shares of the company’s stock valued at $382,000 after buying an additional 314 shares in the last quarter. Finally, Swiss National Bank grew its stake in GXO Logistics by 1.1% in the 3rd quarter. Swiss National Bank now owns 261,513 shares of the company’s stock valued at $15,338,000 after acquiring an additional 2,900 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Wall Street Analysts Forecast Growth

GXO has been the topic of several research analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $70.00 target price on shares of GXO Logistics in a research report on Tuesday, May 14th. Citigroup decreased their target price on GXO Logistics from $66.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Stifel Nicolaus reiterated a “buy” rating and set a $74.00 price target on shares of GXO Logistics in a research report on Wednesday, May 15th. JPMorgan Chase & Co. reduced their price objective on GXO Logistics from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. Finally, Loop Capital lowered their target price on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.85.

Check Out Our Latest Analysis on GXO

GXO Logistics Trading Down 3.0 %

Shares of GXO stock traded down $1.52 during trading hours on Friday, hitting $49.32. The company had a trading volume of 757,491 shares, compared to its average volume of 851,031. GXO Logistics, Inc. has a fifty-two week low of $48.09 and a fifty-two week high of $67.57. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.94 and a quick ratio of 0.94. The company’s fifty day moving average is $50.95 and its 200 day moving average is $54.08. The stock has a market capitalization of $5.89 billion, a PE ratio of 35.48, a price-to-earnings-growth ratio of 1.53 and a beta of 1.61.

GXO Logistics (NYSE:GXOGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.38 billion. GXO Logistics had a return on equity of 10.60% and a net margin of 1.68%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $0.49 earnings per share. Research analysts expect that GXO Logistics, Inc. will post 2.77 earnings per share for the current fiscal year.

GXO Logistics Profile

(Free Report)

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.

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Institutional Ownership by Quarter for GXO Logistics (NYSE:GXO)

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