Gilman Hill Asset Management LLC Decreases Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Gilman Hill Asset Management LLC lowered its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 12.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,385 shares of the company’s stock after selling 12,603 shares during the period. Gilman Hill Asset Management LLC owned about 0.07% of GXO Logistics worth $3,758,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Stifel Financial Corp boosted its holdings 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 purchasing an additional 37,197 shares during the period. Douglas Lane & Associates LLC lifted its holdings in GXO Logistics by 6.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock worth $20,904,000 after buying an additional 31,015 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 buying an additional 12,208 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of GXO Logistics during the third quarter valued at approximately $667,000. Finally, Barclays PLC lifted its stake in GXO Logistics by 28.9% in the third quarter. Barclays PLC now owns 62,545 shares of the company’s stock worth $3,256,000 after acquiring an additional 14,020 shares during the period. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Down 0.9 %

NYSE:GXO opened at $43.98 on Monday. The firm has a 50-day simple moving average of $50.21 and a two-hundred day simple moving average of $52.07. The firm has a market cap of $5.25 billion, a P/E ratio of 48.86, a P/E/G ratio of 1.10 and a beta of 1.60. GXO Logistics, Inc. has a fifty-two week low of $41.38 and a fifty-two week high of $63.33. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the business earned $0.69 EPS. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. Analysts predict that GXO Logistics, Inc. will post 2.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on GXO shares. UBS Group upped their price objective on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Barclays decreased their price target on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. 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 report on Thursday. Oppenheimer raised their target price on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, Susquehanna reduced their price target on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research note on Thursday, September 26th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $65.38.

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.