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

Vanguard Group Inc. lessened its holdings in GXO Logistics, Inc. (NYSE:GXO) by 0.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 approximately 0.10% of GXO Logistics worth $576,835,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. lifted its position in shares of GXO Logistics by 15.1% during the 3rd quarter. Principal Financial Group Inc. now owns 404,878 shares of the company’s stock worth $21,414,000 after buying an additional 52,979 shares during the last quarter. New York State Common Retirement Fund raised its stake in GXO Logistics by 22.0% during the 3rd quarter. New York State Common Retirement Fund now owns 259,492 shares of the company’s stock worth $13,725,000 after acquiring an additional 46,853 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new stake in GXO Logistics in the third quarter valued at $795,000. Stephens Inc. AR acquired a new position in GXO Logistics in the second quarter valued at $233,000. Finally, Ethic Inc. boosted its stake in GXO Logistics by 147.5% in the second quarter. Ethic Inc. now owns 15,258 shares of the company’s stock valued at $748,000 after acquiring an additional 9,094 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Todd C. Cooper purchased 6,000 shares of the business’s stock in a transaction dated Friday, November 28th. The stock was bought at an average cost of $50.59 per share, with a total value of $303,540.00. Following the completion of the acquisition, the director directly owned 10,040 shares in the company, valued at $507,923.60. The trade was a 148.51% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on GXO shares. Oppenheimer reissued an “outperform” rating and issued a $70.00 target price on shares of GXO Logistics in a report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft upgraded GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Thursday, November 6th. Susquehanna reiterated a “positive” rating and issued a $82.00 price objective on shares of GXO Logistics in a research note on Thursday, February 12th. UBS Group increased their price objective on GXO Logistics from $63.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Finally, Weiss Ratings raised shares of GXO Logistics from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 21st. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, GXO Logistics has an average rating of “Moderate Buy” and an average price target of $69.17.

GXO Logistics Stock Down 0.1%

GXO Logistics stock opened at $63.07 on Wednesday. The stock has a 50 day moving average of $57.59 and a two-hundred day moving average of $54.11. GXO Logistics, Inc. has a twelve month low of $30.46 and a twelve month high of $66.85. The stock has a market capitalization 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 company has a current ratio of 0.85, a quick ratio of 0.71 and a debt-to-equity ratio of 0.87.

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 the consensus estimate of $0.83 by $0.04. GXO Logistics had a return on equity of 9.83% and a net margin of 0.24%.The company had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, 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.