Advisor Resource Council Sells 8,738 Shares of GXO Logistics, Inc. (NYSE:GXO)

Advisor Resource Council trimmed its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 53.0% during the first quarter, HoldingsChannel reports. The firm owned 7,735 shares of the company’s stock after selling 8,738 shares during the quarter. Advisor Resource Council’s holdings in GXO Logistics were worth $416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Federated Hermes Inc. raised its position in GXO Logistics by 3.0% in the fourth quarter. Federated Hermes Inc. now owns 1,126,959 shares of the company’s stock worth $68,925,000 after acquiring an additional 33,320 shares during the period. Bayberry Capital Partners LP raised its holdings in shares of GXO Logistics by 46.9% in the 4th quarter. Bayberry Capital Partners LP now owns 238,000 shares of the company’s stock worth $14,556,000 after purchasing an additional 76,000 shares during the period. Motley Fool Wealth Management LLC lifted its stake in GXO Logistics by 59.8% in the fourth quarter. Motley Fool Wealth Management LLC now owns 184,398 shares of the company’s stock valued at $11,258,000 after purchasing an additional 68,989 shares during the last quarter. Fort Pitt Capital Group LLC grew its holdings in GXO Logistics by 60.4% during the first quarter. Fort Pitt Capital Group LLC now owns 1,853,549 shares of the company’s stock valued at $99,647,000 after purchasing an additional 698,180 shares during the period. Finally, UBS Group AG increased its position in GXO Logistics by 14.3% in the fourth quarter. UBS Group AG now owns 135,367 shares of the company’s stock worth $8,279,000 after buying an additional 16,898 shares during the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Malcolm Wilson acquired 10,000 shares of the stock in a transaction dated Tuesday, June 11th. The shares were purchased at an average price of $49.95 per share, for a total transaction of $499,500.00. Following the transaction, the chief executive officer now owns 100,814 shares in the company, valued at approximately $5,035,659.30. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.20% of the company’s stock.

GXO Logistics Price Performance

NYSE:GXO opened at $49.39 on Friday. GXO Logistics, Inc. has a 52-week low of $46.38 and a 52-week high of $67.57. The stock has a fifty day moving average of $50.22 and a 200 day moving average of $52.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 35.53, a P/E/G ratio of 1.48 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.38 billion. GXO Logistics had a return on equity of 10.60% and a net margin of 1.68%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the company posted $0.49 EPS. On average, research analysts expect that GXO Logistics, Inc. will post 2.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. BNP Paribas raised GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price target on the stock in a research report on Wednesday, March 27th. Stifel Nicolaus reiterated a “buy” rating and set a $74.00 target price on shares of GXO Logistics in a research report on Wednesday, May 15th. TD Cowen lifted their target price on shares of GXO Logistics from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. JPMorgan Chase & Co. dropped their price target on shares of GXO Logistics from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. Finally, Wells Fargo & Company began coverage on shares of GXO Logistics in a report on Friday, June 7th. They issued an “overweight” rating and a $58.00 price objective for the company. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, GXO Logistics presently has a consensus rating of “Moderate Buy” and an average target price of $68.85.

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.