Dakota Wealth Management Sells 10,237 Shares of GXO Logistics, Inc. (NYSE:GXO)

Dakota Wealth Management decreased its stake in GXO Logistics, Inc. (NYSE:GXO) by 28.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 25,765 shares of the company’s stock after selling 10,237 shares during the quarter. Dakota Wealth Management’s holdings in GXO Logistics were worth $1,121,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp increased its holdings in shares of GXO Logistics by 95.8% in the 3rd quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock worth $3,960,000 after buying an additional 37,197 shares during the last quarter. Douglas Lane & Associates LLC increased its holdings in shares of GXO Logistics by 6.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock worth $20,904,000 after buying an additional 31,015 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of GXO Logistics by 2.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company’s stock valued at $26,153,000 after purchasing an additional 12,208 shares during the last quarter. Tidal Investments LLC bought a new position in shares of GXO Logistics during the 3rd quarter valued at $667,000. Finally, Barclays PLC grew its holdings in shares of GXO Logistics by 28.9% during the 3rd quarter. Barclays PLC now owns 62,545 shares of the company’s stock valued at $3,256,000 after purchasing an additional 14,020 shares during the last quarter. Institutional investors own 90.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. TD Cowen increased their target price on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. UBS Group increased their price target on shares of GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Susquehanna dropped their price target on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research report on Thursday, September 26th. Oppenheimer raised 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. Finally, The Goldman Sachs Group dropped their target price on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.38.

GXO Logistics Trading Down 0.2 %

Shares of NYSE GXO opened at $45.00 on Friday. GXO Logistics, Inc. has a 1 year low of $41.38 and a 1 year high of $63.33. The stock has a market cap of $5.38 billion, a P/E ratio of 50.00, a price-to-earnings-growth ratio of 1.23 and a beta of 1.60. The firm has a 50-day moving average of $48.99 and a 200 day moving average of $51.91. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same period last year, the company posted $0.69 EPS. GXO Logistics’s revenue was up 27.8% on a year-over-year basis. As a group, sell-side analysts expect 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.