GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Foresight Group Ltd Liability Partnership

Foresight Group Ltd Liability Partnership cut its holdings in GXO Logistics, Inc. (NYSE:GXO) by 12.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,710 shares of the company’s stock after selling 2,891 shares during the period. GXO Logistics comprises about 0.4% of Foresight Group Ltd Liability Partnership’s holdings, making the stock its 22nd largest position. Foresight Group Ltd Liability Partnership’s holdings in GXO Logistics were worth $1,026,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GXO. Smithfield Trust Co lifted its holdings in shares of GXO Logistics by 16.5% in the 1st quarter. Smithfield Trust Co now owns 1,378 shares of the company’s stock valued at $73,000 after purchasing an additional 195 shares during the last quarter. Blue Zone Wealth Advisors LLC raised its stake in GXO Logistics by 0.5% during the 1st quarter. Blue Zone Wealth Advisors LLC now owns 46,898 shares of the company’s stock valued at $2,521,000 after acquiring an additional 229 shares during the last quarter. CWM LLC raised its stake in GXO Logistics by 13.8% during the 3rd quarter. CWM LLC now owns 1,961 shares of the company’s stock valued at $102,000 after acquiring an additional 238 shares during the last quarter. Signaturefd LLC raised its stake in GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after acquiring an additional 249 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in GXO Logistics by 0.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 44,570 shares of the company’s stock valued at $2,251,000 after acquiring an additional 262 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Stock Performance

GXO opened at $60.62 on Wednesday. The stock has a market cap of $7.24 billion, a P/E ratio of 43.61, a P/E/G ratio of 1.52 and a beta of 1.59. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.86. The stock’s 50 day simple moving average is $51.71 and its 200 day simple moving average is $51.11. GXO Logistics, Inc. has a 1-year low of $46.07 and a 1-year high of $63.33.

GXO Logistics (NYSE:GXO) last posted its earnings results on Tuesday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). GXO Logistics had a net margin of 1.35% and a return on equity of 9.86%. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the company posted $0.70 EPS. GXO Logistics’s quarterly revenue was up 18.9% compared to the same quarter last year. As a group, equities analysts anticipate that GXO Logistics, Inc. will post 2.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GXO has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price objective on GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. UBS Group reduced their price objective on GXO Logistics from $71.00 to $66.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Citigroup started coverage on GXO Logistics in a research report on Wednesday, October 9th. They set a “buy” rating and a $60.00 target price on the stock. Finally, Susquehanna dropped their target price on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research report on Thursday, September 26th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.91.

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.