GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance lessened its stake in GXO Logistics, Inc. (NYSE:GXO) by 25.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,543 shares of the company’s stock after selling 6,206 shares during the quarter. Independent Advisor Alliance’s holdings in GXO Logistics were worth $807,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GXO. Nomura Asset Management Co. Ltd. lifted its position in shares of GXO Logistics by 33.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock valued at $60,000 after acquiring an additional 290 shares during the period. R Squared Ltd purchased a new position in GXO Logistics in the 4th quarter valued at approximately $54,000. Wilmington Savings Fund Society FSB acquired a new position in GXO Logistics during the third quarter worth $71,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in GXO Logistics by 213.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock worth $60,000 after purchasing an additional 933 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in GXO Logistics in the third quarter valued at $106,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Price Performance

GXO Logistics stock opened at $40.26 on Friday. GXO Logistics, Inc. has a 1 year low of $34.51 and a 1 year high of $63.33. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. The firm has a 50 day moving average price of $42.08 and a 200 day moving average price of $49.43. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 35.94, a PEG ratio of 1.34 and a beta of 1.62.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. Sell-side analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on GXO shares. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. Barclays lowered their price target on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group reduced their target price on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Morgan Stanley lowered their target price on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Finally, Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and cut their price target for the stock from $71.00 to $49.00 in a report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, GXO Logistics has an average rating of “Moderate Buy” and a consensus price target of $55.60.

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.