Vanguard Group Inc. Cuts Stock Holdings in GXO Logistics, Inc. $GXO

Vanguard Group Inc. reduced its position in GXO Logistics, Inc. (NYSE:GXO) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,906,324 shares of the company’s stock after selling 77,418 shares during the quarter. Vanguard Group Inc. owned about 9.53% of GXO Logistics worth $576,835,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of GXO Logistics in the second quarter valued at approximately $26,297,000. Global Alpha Capital Management Ltd. raised its holdings in shares of GXO Logistics by 42.7% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 1,164,730 shares of the company’s stock worth $56,722,000 after acquiring an additional 348,300 shares during the period. Alliancebernstein L.P. raised its holdings in shares of GXO Logistics by 9.0% during the 2nd quarter. Alliancebernstein L.P. now owns 2,736,892 shares of the company’s stock worth $133,287,000 after acquiring an additional 225,603 shares during the period. Eisler Capital Management Ltd. boosted its position in shares of GXO Logistics by 128.7% during the 2nd quarter. Eisler Capital Management Ltd. now owns 327,689 shares of the company’s stock valued at $15,968,000 after acquiring an additional 184,392 shares during the last quarter. Finally, River Road Asset Management LLC grew its holdings in shares of GXO Logistics by 5.4% in the second quarter. River Road Asset Management LLC now owns 2,967,046 shares of the company’s stock valued at $147,492,000 after purchasing an additional 152,561 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on GXO. JPMorgan Chase & Co. boosted their target price on shares of GXO Logistics from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Stifel Nicolaus set a $70.00 price target on shares of GXO Logistics in a research report on Thursday, February 12th. Wells Fargo & Company upped their price objective on GXO Logistics from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Citigroup raised their target price on GXO Logistics from $66.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, UBS Group lifted their target price on GXO Logistics from $63.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, GXO Logistics currently has a consensus rating of “Moderate Buy” and an average target price of $69.17.

Insider Buying and Selling

In related news, Director Todd C. Cooper purchased 6,000 shares of the business’s stock in a transaction on Friday, November 28th. The shares were bought at an average price of $50.59 per share, for a total transaction of $303,540.00. Following the acquisition, the director directly owned 10,040 shares in the company, valued at $507,923.60. This trade represents a 148.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.30% of the stock is owned by insiders.

GXO Logistics Trading Down 0.1%

NYSE GXO opened at $63.07 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.71 and a current ratio of 0.85. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 210.24, a PEG ratio of 2.14 and a beta of 1.65. The firm has a 50 day simple moving average of $57.59 and a 200-day simple moving average of $54.11. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $66.85.

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

GXO Logistics 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.