Vaughan Nelson Investment Management L.P. Sells 597,548 Shares of GXO Logistics, Inc. $GXO

Vaughan Nelson Investment Management L.P. lowered its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 85.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 98,582 shares of the company’s stock after selling 597,548 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in GXO Logistics were worth $5,111,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of GXO. Allworth Financial LP boosted its stake in GXO Logistics by 175.0% in the third quarter. Allworth Financial LP now owns 517 shares of the company’s stock valued at $27,000 after buying an additional 329 shares in the last quarter. Accredited Wealth Management LLC raised its stake 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 acquiring an additional 550 shares in the last quarter. Chapman Financial Group LLC acquired a new position in GXO Logistics during the second quarter worth about $34,000. Fifth Third Bancorp lifted its holdings in shares of GXO Logistics by 22.0% in the third quarter. Fifth Third Bancorp now owns 1,213 shares of the company’s stock worth $64,000 after acquiring an additional 219 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of GXO Logistics by 85.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,420 shares of the company’s stock worth $75,000 after acquiring an additional 653 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GXO has been the topic of several research reports. Wells Fargo & Company decreased their price target on shares of GXO Logistics from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. The Goldman Sachs Group downgraded shares of GXO Logistics from a “buy” rating to a “neutral” rating and set a $68.00 price objective for the company. in a research note on Wednesday, March 4th. Barclays upgraded shares of GXO Logistics from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $58.00 to $65.00 in a research report on Wednesday, May 27th. Weiss Ratings cut shares of GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. Finally, Wall Street Zen upgraded shares of GXO Logistics from a “hold” rating to a “buy” rating in a report on Sunday, May 31st. Eleven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, GXO Logistics currently has an average rating of “Moderate Buy” and a consensus target price of $69.92.

GXO Logistics Stock Up 2.3%

NYSE:GXO opened at $49.74 on Tuesday. GXO Logistics, Inc. has a one year low of $45.40 and a one year high of $66.85. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $5.72 billion, a PE ratio of 43.63, a P/E/G ratio of 1.62 and a beta of 1.56. The firm’s 50 day simple moving average is $51.54 and its 200 day simple moving average is $54.50.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.13. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.22 billion. GXO Logistics had a net margin of 0.98% and a return on equity of 10.55%. The company’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 EPS. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. On average, research analysts anticipate that GXO Logistics, Inc. will post 3.06 earnings per share for the current year.

About GXO Logistics

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.