GXO Logistics, Inc. (NYSE:GXO) Stock Holdings Reduced by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. lowered its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 7.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,308 shares of the company’s stock after selling 350 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in GXO Logistics were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new position in shares of GXO Logistics in the third quarter worth about $31,000. Headlands Technologies LLC acquired a new position in shares of GXO Logistics in the 4th quarter worth approximately $59,000. CWM LLC grew its position in GXO Logistics by 28.1% during the 4th quarter. CWM LLC now owns 1,778 shares of the company’s stock worth $109,000 after acquiring an additional 390 shares during the last quarter. First Horizon Advisors Inc. raised its position in GXO Logistics by 81.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,912 shares of the company’s stock worth $112,000 after purchasing an additional 861 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in GXO Logistics by 16.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,988 shares of the company’s stock valued at $122,000 after acquiring an additional 287 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Price Performance

NYSE GXO traded down $1.30 during trading on Tuesday, hitting $49.66. 736,178 shares of the company’s stock were exchanged, compared to its average volume of 869,140. The company has a market cap of $5.93 billion, a PE ratio of 26.00, a P/E/G ratio of 2.12 and a beta of 1.64. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.55. GXO Logistics, Inc. has a fifty-two week low of $48.11 and a fifty-two week high of $67.57. The stock’s 50 day moving average price is $50.80 and its two-hundred day moving average price is $54.45.

GXO Logistics (NYSE:GXO) last posted its earnings results on Tuesday, February 13th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The firm had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.55 billion. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 earnings per share. Research analysts expect that GXO Logistics, Inc. will post 2.78 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Citigroup dropped their price target on GXO Logistics from $66.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. Susquehanna lifted their price target on GXO Logistics from $73.00 to $75.00 and gave the stock a “positive” rating in a report on Thursday, February 15th. Loop Capital decreased their price objective on GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. JPMorgan Chase & Co. lowered their price objective on GXO Logistics from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. Finally, TD Cowen boosted their target price on shares of GXO Logistics from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.69.

Insider Activity at GXO Logistics

In related news, Director Gena L. Ashe sold 4,737 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $50.00, for a total value of $236,850.00. Following the completion of the sale, the director now directly owns 20,851 shares in the company, valued at $1,042,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by company insiders.

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.