Mutual of America Capital Management LLC Has $2.77 Million Stock Holdings in GXO Logistics, Inc. $GXO

Mutual of America Capital Management LLC lessened its holdings in GXO Logistics, Inc. (NYSE:GXO) by 7.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,902 shares of the company’s stock after selling 4,599 shares during the quarter. Mutual of America Capital Management LLC’s holdings in GXO Logistics were worth $2,771,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Larson Financial Group LLC boosted its holdings in shares of GXO Logistics by 2,460.7% in the 1st quarter. Larson Financial Group LLC now owns 717 shares of the company’s stock valued at $28,000 after purchasing an additional 689 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of GXO Logistics by 57.0% in the 1st quarter. GAMMA Investing LLC now owns 832 shares of the company’s stock valued at $33,000 after purchasing an additional 302 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of GXO Logistics in the 1st quarter valued at $34,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of GXO Logistics by 72.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company’s stock valued at $37,000 after purchasing an additional 396 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of GXO Logistics by 63.2% in the 1st quarter. Covestor Ltd now owns 1,645 shares of the company’s stock valued at $64,000 after purchasing an additional 637 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Stock Performance

GXO stock opened at $54.62 on Friday. The stock has a 50-day moving average price of $52.69 and a 200-day moving average price of $46.94. GXO Logistics, Inc. has a 1-year low of $30.46 and a 1-year high of $62.28. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.87. The firm has a market cap of $6.25 billion, a PE ratio of 103.05, a price-to-earnings-growth ratio of 2.19 and a beta of 1.64.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.01. GXO Logistics had a return on equity of 10.45% and a net margin of 0.50%.The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the company posted $0.55 EPS. The business’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, equities research analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GXO. The Goldman Sachs Group raised GXO Logistics from a “neutral” rating to a “buy” rating and raised their target price for the company from $52.00 to $68.00 in a report on Wednesday, September 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of GXO Logistics in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on GXO Logistics from $65.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. UBS Group raised their price objective on GXO Logistics from $58.00 to $63.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Finally, Citigroup raised their price objective on GXO Logistics from $56.00 to $59.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Eleven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, GXO Logistics has an average rating of “Moderate Buy” and a consensus price target of $61.57.

GXO Logistics Company Profile

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.