Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in GXO Logistics, Inc. (NYSE:GXO – Free Report) by 25.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,568 shares of the company’s stock after selling 31,673 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in GXO Logistics were worth $4,925,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC raised its position in GXO Logistics by 1.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 11,319 shares of the company’s stock worth $599,000 after purchasing an additional 202 shares in the last quarter. GAMMA Investing LLC raised its position in GXO Logistics by 14.3% in the fourth quarter. GAMMA Investing LLC now owns 1,634 shares of the company’s stock worth $86,000 after purchasing an additional 205 shares in the last quarter. Fifth Third Bancorp raised its position in 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 purchasing an additional 219 shares in the last quarter. First Bank & Trust raised its position in GXO Logistics by 4.0% in the fourth quarter. First Bank & Trust now owns 5,696 shares of the company’s stock worth $300,000 after purchasing an additional 219 shares in the last quarter. Finally, CWM LLC raised its position in GXO Logistics by 11.4% in the fourth quarter. CWM LLC now owns 2,350 shares of the company’s stock worth $124,000 after purchasing an additional 240 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.
GXO Logistics Price Performance
GXO opened at $56.76 on Wednesday. GXO Logistics, Inc. has a one year low of $34.80 and a one year high of $66.85. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.85 and a quick ratio of 0.85. The company’s 50 day simple moving average is $56.41 and its 200-day simple moving average is $55.13. The stock has a market capitalization of $6.53 billion, a P/E ratio of 189.18, a price-to-earnings-growth ratio of 1.93 and a beta of 1.66.
Analysts Set New Price Targets
Several research analysts recently issued reports on GXO shares. Citigroup increased their price target on shares of GXO Logistics from $66.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Stifel Nicolaus set a $70.00 price objective on shares of GXO Logistics in a research note on Thursday, February 12th. Susquehanna reaffirmed a “positive” rating and set a $82.00 price objective on shares of GXO Logistics in a research note on Thursday, February 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $75.00 price objective on shares of GXO Logistics in a research note on Tuesday, February 17th. Finally, Wells Fargo & Company upped their price objective on shares of GXO Logistics from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $69.17.
Read Our Latest Stock Analysis on GXO
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.
See Also
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