Motley Fool Wealth Management LLC Sells 11,006 Shares of GXO Logistics, Inc. (NYSE:GXO)

Motley Fool Wealth Management LLC lessened its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 5.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 178,469 shares of the company’s stock after selling 11,006 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in GXO Logistics were worth $7,758,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its position in shares of GXO Logistics by 95.8% during the third 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 period. Douglas Lane & Associates LLC grew its holdings in GXO Logistics by 6.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock worth $20,904,000 after acquiring an additional 31,015 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of GXO Logistics by 2.5% in 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 worth $26,153,000 after acquiring an additional 12,208 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of GXO Logistics in the 3rd quarter valued at about $667,000. Finally, Barclays PLC boosted its position 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 in the last quarter. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Down 0.6 %

Shares of NYSE:GXO opened at $40.26 on Wednesday. The business’s 50 day moving average is $41.59 and its 200 day moving average is $49.02. GXO Logistics, Inc. has a 12-month low of $34.51 and a 12-month high of $63.33. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 35.95, a PEG ratio of 1.34 and a beta of 1.62. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on GXO shares. Wells Fargo & Company lowered their target price on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating for the company in a report on Friday, February 14th. The Goldman Sachs Group lowered their price objective 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GXO Logistics in a research note on Friday, March 7th. They set a “hold” rating and a $45.00 target price on the stock. Loop Capital downgraded shares of GXO Logistics from a “buy” rating to a “hold” rating and decreased their price target for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $66.00 price objective (down previously from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $55.60.

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.