Stanley Laman Group Ltd. Cuts Stake in GXO Logistics, Inc. $GXO

Stanley Laman Group Ltd. cut its holdings in GXO Logistics, Inc. (NYSE:GXO) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,364 shares of the company’s stock after selling 397 shares during the period. Stanley Laman Group Ltd.’s holdings in GXO Logistics were worth $4,888,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in shares of GXO Logistics by 2,460.7% in the first quarter. Larson Financial Group LLC now owns 717 shares of the company’s stock worth $28,000 after buying an additional 689 shares in the last quarter. GAMMA Investing LLC increased its holdings in 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 acquiring an additional 302 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in GXO Logistics in the 1st quarter valued at $34,000. Northwestern Mutual Wealth Management Co. lifted its stake in GXO Logistics by 72.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company’s stock worth $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% during 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 during the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GXO has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of GXO Logistics in a report on Wednesday, October 8th. The Goldman Sachs Group upgraded GXO Logistics from a “neutral” rating to a “buy” rating and raised their price target for the company from $52.00 to $68.00 in a report on Wednesday, September 24th. Wells Fargo & Company upped their price objective on GXO Logistics from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. UBS Group increased their target price on GXO Logistics from $58.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of GXO Logistics from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Eleven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.57.

GXO Logistics Price Performance

Shares of GXO Logistics stock opened at $55.30 on Friday. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 104.33, a price-to-earnings-growth ratio of 2.22 and a beta of 1.64. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a 50 day moving average price of $52.48 and a 200-day moving average price of $46.28. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $63.23.

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

About GXO Logistics

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.