Mathes Company Inc. Sells 3,025 Shares of GXO Logistics, Inc. (NYSE:GXO)

Mathes Company Inc. trimmed its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,450 shares of the company’s stock after selling 3,025 shares during the period. Mathes Company Inc.’s holdings in GXO Logistics were worth $977,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its holdings in GXO Logistics by 1.9% during the third quarter. State Street Corp now owns 3,631,328 shares of the company’s stock valued at $189,083,000 after acquiring an additional 66,232 shares during the period. Fort Pitt Capital Group LLC boosted its holdings in GXO Logistics by 2.1% during the third quarter. Fort Pitt Capital Group LLC now owns 2,467,814 shares of the company’s stock valued at $128,499,000 after acquiring an additional 51,208 shares during the period. Swedbank AB boosted its holdings in GXO Logistics by 13.9% during the fourth quarter. Swedbank AB now owns 2,050,000 shares of the company’s stock valued at $89,175,000 after acquiring an additional 250,000 shares during the period. Geode Capital Management LLC boosted its holdings in GXO Logistics by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,982,920 shares of the company’s stock valued at $103,279,000 after acquiring an additional 29,992 shares during the period. Finally, River Road Asset Management LLC lifted its stake in shares of GXO Logistics by 40.4% in the third quarter. River Road Asset Management LLC now owns 1,308,532 shares of the company’s stock valued at $68,135,000 after buying an additional 376,704 shares during the period. 90.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GXO has been the subject of several research reports. Morgan Stanley reduced their target price on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday. Loop Capital cut shares of GXO Logistics from a “buy” rating to a “hold” rating and reduced their target price for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. The Goldman Sachs Group reduced 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 note on Thursday, January 16th. Oppenheimer increased their target price on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a research note on Friday. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.54.

GXO Logistics Stock Performance

NYSE GXO opened at $39.49 on Monday. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 43.88, a PEG ratio of 1.19 and a beta of 1.60. The company has a 50 day moving average of $44.40 and a 200-day moving average of $50.79. 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 $34.51 and a 1-year high of $63.33.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. On average, equities analysts forecast that GXO Logistics, Inc. will post 2.73 earnings per share 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.