GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Guerra Pan Advisors LLC

Guerra Pan Advisors LLC lowered its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 11.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 3,936 shares of the company’s stock after selling 500 shares during the period. Guerra Pan Advisors LLC’s holdings in GXO Logistics were worth $205,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its position in GXO Logistics by 25.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,591 shares of the company’s stock valued at $1,752,000 after acquiring an additional 6,653 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of GXO Logistics by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 104,108 shares of the company’s stock valued at $5,597,000 after purchasing an additional 1,392 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of GXO Logistics in the 1st quarter valued at $1,354,000. SG Americas Securities LLC boosted its holdings in GXO Logistics by 34.3% during the first quarter. SG Americas Securities LLC now owns 4,816 shares of the company’s stock worth $259,000 after buying an additional 1,230 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in GXO Logistics during the first quarter valued at $1,162,000. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. TD Cowen lifted their price target on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday. UBS Group raised their price objective on GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday. Susquehanna reduced their target price on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research note on Thursday, September 26th. Finally, Citigroup started coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price target on the stock. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.55.

GXO Logistics Price Performance

GXO Logistics stock opened at $59.75 on Friday. 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 company has a 50-day moving average price of $54.95 and a 200 day moving average price of $52.06. GXO Logistics, Inc. has a 12-month low of $46.07 and a 12-month high of $63.33. The stock has a market cap of $7.14 billion, a P/E ratio of 66.39, a PEG ratio of 1.84 and a beta of 1.55.

GXO Logistics (NYSE:GXO) last released 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. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 EPS. Sell-side analysts anticipate that GXO Logistics, Inc. will post 2.78 earnings per share for the current year.

GXO Logistics Company 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.