GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,616 shares of the company’s stock after selling 1,900 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in GXO Logistics were worth $2,362,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new position in shares of GXO Logistics during the 3rd quarter worth approximately $31,000. Headlands Technologies LLC acquired a new stake in shares of GXO Logistics in the fourth quarter valued at $59,000. CWM LLC grew its stake in shares of GXO Logistics by 28.1% in the fourth quarter. CWM LLC now owns 1,778 shares of the company’s stock valued at $109,000 after buying an additional 390 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of GXO Logistics by 16.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,988 shares of the company’s stock valued at $122,000 after buying an additional 287 shares during the period. Finally, KBC Group NV acquired a new position in GXO Logistics during the 4th quarter worth about $135,000. 90.67% of the stock is owned by hedge funds and other institutional investors.

GXO Logistics Price Performance

Shares of NYSE GXO opened at $47.73 on Friday. The stock’s 50-day simple moving average is $50.39 and its 200-day simple moving average is $53.57. The firm has a market capitalization of $5.70 billion, a PE ratio of 34.34, a price-to-earnings-growth ratio of 1.42 and a beta of 1.61. GXO Logistics, Inc. has a fifty-two week low of $46.38 and a fifty-two week high of $67.57. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.94 and a current ratio of 0.94.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.38 billion. GXO Logistics had a net margin of 1.68% and a return on equity of 10.60%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. As a group, equities research analysts forecast that GXO Logistics, Inc. will post 2.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on GXO. BNP Paribas raised GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 target price for the company in a research report on Wednesday, March 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $70.00 target price on shares of GXO Logistics in a research note on Tuesday, May 14th. TD Cowen raised their price target on shares of GXO Logistics from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Wells Fargo & Company began coverage on GXO Logistics in a research report on Friday, June 7th. They set an “overweight” rating and a $58.00 price objective on the stock. Finally, Loop Capital reduced their price objective on GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $68.85.

Insider Buying and Selling at GXO Logistics

In other news, CEO Malcolm Wilson acquired 10,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were bought at an average price of $49.95 per share, with a total value of $499,500.00. Following the completion of the acquisition, the chief executive officer now owns 100,814 shares in the company, valued at approximately $5,035,659.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by insiders.

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.