GXO Logistics, Inc. (NYSE:GXO) Stock Holdings Cut by AMI Asset Management Corp

AMI Asset Management Corp cut its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 5.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 28,614 shares of the company’s stock after selling 1,686 shares during the quarter. AMI Asset Management Corp’s holdings in GXO Logistics were worth $1,245,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new position in GXO Logistics during the third quarter worth about $28,000. UMB Bank n.a. boosted its position in shares of GXO Logistics by 111.4% during the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company’s stock valued at $33,000 after purchasing an additional 331 shares in the last quarter. Signaturefd LLC grew its stake in shares of GXO Logistics by 37.2% in the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after purchasing an additional 249 shares during the last quarter. Hara Capital LLC bought a new stake in shares of GXO Logistics in the 3rd quarter worth approximately $50,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in GXO Logistics by 37.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock valued at $54,000 after purchasing an additional 282 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on GXO shares. The Goldman Sachs Group decreased their price target on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Citigroup initiated coverage on GXO Logistics in a report on Wednesday, October 9th. They set a “buy” rating and a $60.00 target price for the company. Barclays dropped their price target on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. TD Cowen upped their price objective on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Oppenheimer lifted their target price on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.38.

GXO Logistics Price Performance

GXO opened at $43.98 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. GXO Logistics, Inc. has a 1 year low of $41.38 and a 1 year high of $63.33. The stock has a fifty day moving average price of $49.89 and a 200 day moving average price of $52.03. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 48.86, a PEG ratio of 1.17 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. Analysts forecast that GXO Logistics, Inc. will post 2.73 EPS for the current fiscal year.

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.