Douglas Lane & Associates LLC cut its holdings in shares of GXO Logistics, Inc. (NYSE:GXO – Free Report) by 15.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 241,109 shares of the company’s stock after selling 45,407 shares during the period. Douglas Lane & Associates LLC owned approximately 0.21% of GXO Logistics worth $10,717,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in GXO. Diversified Management Inc. acquired a new position in shares of GXO Logistics during the 3rd quarter valued at $1,372,000. GAMMA Investing LLC boosted its stake in GXO Logistics by 14.3% during the third quarter. GAMMA Investing LLC now owns 1,841 shares of the company’s stock valued at $82,000 after buying an additional 231 shares in the last quarter. Quintet Private Bank Europe S.A. grew its holdings in GXO Logistics by 100.0% during the third quarter. Quintet Private Bank Europe S.A. now owns 9,400 shares of the company’s stock worth $418,000 after acquiring an additional 4,700 shares during the period. Moody National Bank Trust Division grew its holdings in GXO Logistics by 73.2% during the third quarter. Moody National Bank Trust Division now owns 26,830 shares of the company’s stock worth $1,193,000 after acquiring an additional 11,335 shares during the period. Finally, WINTON GROUP Ltd raised its position in GXO Logistics by 3.1% in the second quarter. WINTON GROUP Ltd now owns 288,330 shares of the company’s stock worth $14,618,000 after acquiring an additional 8,721 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on GXO. Citigroup initiated coverage on shares of GXO Logistics in a research note on Wednesday, July 15th. They issued a “market outperform” rating on the stock. Oppenheimer set a $61.00 target price on shares of GXO Logistics in a report on Thursday, August 6th. Stifel Nicolaus decreased their price target on shares of GXO Logistics from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Wall Street Zen cut GXO Logistics from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Stephens assumed coverage on GXO Logistics in a research note on Wednesday, July 8th. They set an “overweight” rating and a $75.00 price objective for the company. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.79.
GXO Logistics Trading Up 0.2%
GXO stock traded up $0.10 during mid-day trading on Friday, reaching $46.47. 158,858 shares of the stock traded hands, compared to its average volume of 1,355,386. GXO Logistics, Inc. has a 52-week low of $43.61 and a 52-week high of $66.85. The stock’s fifty day moving average is $46.84 and its 200-day moving average is $50.00. The company has a market cap of $5.33 billion, a P/E ratio of 41.13, a P/E/G ratio of 1.44 and a beta of 1.57. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.81.
GXO Logistics (NYSE:GXO – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The business had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.46 billion. GXO Logistics had a net margin of 0.96% and a return on equity of 10.57%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 earnings per share. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. As a group, sell-side analysts expect that GXO Logistics, Inc. will post 3.06 earnings per share for the current year.
About GXO Logistics
GXO Logistics, Inc (NYSE:GXO) is a contract logistics company that manages supply chain operations for businesses across a range of industries, including retail, consumer goods, technology, healthcare, food and beverage, and industrial products. Its services are designed to help customers store, move and fulfill merchandise and materials efficiently.
The company provides warehousing and distribution, order fulfillment, transportation management, reverse logistics, and value-added services such as product processing, packaging and returns management.
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