Cannell & Spears LLC Has $381,000 Holdings in GXO Logistics, Inc. (NYSE:GXO)

Cannell & Spears LLC decreased its stake in GXO Logistics, Inc. (NYSE:GXO) by 8.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,761 shares of the company’s stock after selling 800 shares during the quarter. Cannell & Spears LLC’s holdings in GXO Logistics were worth $381,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of GXO Logistics by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company’s stock valued at $492,977,000 after purchasing an additional 212,254 shares in the last quarter. Clearbridge Investments LLC grew its stake in GXO Logistics by 3.8% during the fourth quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company’s stock worth $183,924,000 after buying an additional 153,522 shares during the last quarter. State Street Corp increased its holdings in shares of GXO Logistics by 1.9% during the third quarter. State Street Corp now owns 3,631,328 shares of the company’s stock worth $189,083,000 after buying an additional 66,232 shares in the last quarter. Swedbank AB boosted its holdings in shares of GXO Logistics by 13.9% in the 4th quarter. Swedbank AB now owns 2,050,000 shares of the company’s stock worth $89,175,000 after acquiring an additional 250,000 shares in the last quarter. Finally, River Road Asset Management LLC grew its position in GXO Logistics by 53.5% during the 4th quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company’s stock worth $87,355,000 after acquiring an additional 699,636 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Stock Performance

Shares of NYSE:GXO opened at $39.39 on Wednesday. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 35.17, a P/E/G ratio of 1.34 and a beta of 1.62. The firm’s 50 day simple moving average is $41.10 and its 200 day simple moving average is $48.68. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. GXO Logistics, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $63.33.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share 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%. As a group, sell-side analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GXO shares. The Goldman Sachs Group cut their price objective on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Loop Capital lowered shares of GXO Logistics from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $71.00 to $49.00 in a report on Monday, February 3rd. Oppenheimer dropped their target price on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Morgan Stanley decreased their price target on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Finally, Truist Financial started coverage on GXO Logistics in a report on Thursday, March 13th. They set a “hold” rating and a $40.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

About GXO Logistics

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.