Northcape Capital Pty Ltd Sells 4,785 Shares of GXO Logistics, Inc. (NYSE:GXO)

Northcape Capital Pty Ltd reduced its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 17.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,310 shares of the company’s stock after selling 4,785 shares during the quarter. GXO Logistics comprises 0.2% of Northcape Capital Pty Ltd’s holdings, making the stock its 24th biggest position. Northcape Capital Pty Ltd’s holdings in GXO Logistics were worth $1,014,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in GXO. Stifel Financial Corp lifted its holdings in GXO Logistics by 95.8% in the third quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock valued at $3,960,000 after buying an additional 37,197 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of GXO Logistics by 2.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company’s stock worth $26,153,000 after purchasing an additional 12,208 shares during the period. Tidal Investments LLC bought a new stake in GXO Logistics in the third quarter valued at about $667,000. Barclays PLC boosted its holdings in GXO Logistics by 28.9% during the third quarter. Barclays PLC now owns 62,545 shares of the company’s stock worth $3,256,000 after buying an additional 14,020 shares during the last quarter. Finally, Raymond James & Associates grew its position in shares of GXO Logistics by 16.3% during the 3rd quarter. Raymond James & Associates now owns 466,749 shares of the company’s stock worth $24,304,000 after buying an additional 65,534 shares during the period. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Stock Up 1.8 %

Shares of GXO stock opened at $45.53 on Wednesday. The firm’s fifty day moving average price is $52.74 and its two-hundred day moving average price is $52.37. GXO Logistics, Inc. has a 1 year low of $41.38 and a 1 year high of $63.33. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $5.44 billion, a P/E ratio of 50.59, a PEG ratio of 1.47 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last released its earnings results on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.01. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. GXO Logistics’s revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 earnings per share. On average, equities analysts predict that GXO Logistics, Inc. will post 2.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GXO shares. Citigroup began coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective on the stock. Barclays decreased their price target on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. UBS Group raised their price objective on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Oppenheimer boosted their target price on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, TD Cowen raised their price target on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, GXO Logistics presently has an average rating of “Moderate Buy” and a consensus price target of $66.33.

GXO Logistics 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.