Orion Portfolio Solutions LLC Reduces Position in GXO Logistics, Inc. (NYSE:GXO)

Orion Portfolio Solutions LLC decreased its holdings in GXO Logistics, Inc. (NYSE:GXO) by 4.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,714 shares of the company’s stock after selling 1,245 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in GXO Logistics were worth $1,443,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of GXO Logistics by 2.5% during the third 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 buying an additional 12,208 shares in the last quarter. Raymond James & Associates grew its holdings in GXO Logistics by 16.3% during the 3rd quarter. Raymond James & Associates now owns 466,749 shares of the company’s stock worth $24,304,000 after acquiring an additional 65,534 shares in the last quarter. Mediolanum International Funds Ltd bought a new stake in shares of GXO Logistics in the 3rd quarter worth about $6,819,000. Susquehanna Fundamental Investments LLC increased its position in shares of GXO Logistics by 537.4% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 137,732 shares of the company’s stock worth $6,955,000 after purchasing an additional 116,125 shares during the last quarter. Finally, Spruce House Investment Management LLC raised its stake in shares of GXO Logistics by 827.8% in the 2nd quarter. Spruce House Investment Management LLC now owns 900,000 shares of the company’s stock valued at $45,450,000 after purchasing an additional 803,000 shares in the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Performance

NYSE:GXO opened at $48.49 on Friday. The company has a 50-day moving average of $58.08 and a 200-day moving average of $52.97. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 53.88, a price-to-earnings-growth ratio of 1.49 and a beta of 1.52. 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 twelve month low of $46.07 and a twelve month high of $63.33.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.01. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The company’s revenue was up 27.8% compared to the same quarter last year. During the same period last year, the company posted $0.69 EPS. Analysts forecast that GXO Logistics, Inc. will post 2.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays lowered their price objective on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. Susquehanna lowered their target price on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research note on Thursday, September 26th. TD Cowen increased their target price on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Citigroup began coverage on shares of GXO Logistics in a report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price target for the company. Finally, Oppenheimer increased their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.33.

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.