GXO Logistics, Inc. $GXO Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 4.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 360,259 shares of the company’s stock after selling 16,217 shares during the period. JPMorgan Chase & Co. owned about 0.31% of GXO Logistics worth $19,054,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in GXO Logistics by 3.0% in the third quarter. Dimensional Fund Advisors LP now owns 4,206,334 shares of the company’s stock valued at $222,473,000 after purchasing an additional 121,486 shares during the last quarter. River Road Asset Management LLC grew its stake in GXO Logistics by 5.4% during the 2nd 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 in the last quarter. Alliancebernstein L.P. increased its holdings in 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 purchasing an additional 225,603 shares during the last quarter. Swedbank AB increased its holdings in GXO Logistics by 4.2% during the 3rd quarter. Swedbank AB now owns 1,850,000 shares of the company’s stock worth $97,846,000 after purchasing an additional 75,000 shares during the last quarter. Finally, Parsifal Capital Management LP raised its position in shares of GXO Logistics by 77.5% in the 3rd quarter. Parsifal Capital Management LP now owns 1,482,957 shares of the company’s stock valued at $78,434,000 after purchasing an additional 647,457 shares in the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GXO shares. Stifel Nicolaus set a $70.00 price target on shares of GXO Logistics in a research note on Thursday, February 12th. Citigroup raised their price objective on shares of GXO Logistics from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Wells Fargo & Company upped their target price on shares of GXO Logistics from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $75.00 price target on shares of GXO Logistics in a research report on Tuesday, February 17th. Finally, Truist Financial boosted their price objective on GXO Logistics from $65.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Ten equities research 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 an average rating of “Moderate Buy” and a consensus target price of $69.17.

GXO Logistics Stock Performance

GXO Logistics stock opened at $52.10 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.85 and a quick ratio of 0.85. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $66.85. The company has a fifty day moving average price of $58.18 and a two-hundred day moving average price of $54.59. The company has a market cap of $5.98 billion, a PE ratio of 173.67, a P/E/G ratio of 1.75 and a beta of 1.62.

GXO Logistics (NYSE:GXO) last issued its earnings results on Tuesday, February 10th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. GXO Logistics had a net margin of 0.24% and a return on equity of 9.83%. The company 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 company earned $1.00 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. Research analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current 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.