Commonwealth Equity Services LLC Sells 2,557 Shares of GXO Logistics, Inc. (NYSE:GXO)

Commonwealth Equity Services LLC reduced its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 20.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,105 shares of the company’s stock after selling 2,557 shares during the period. Commonwealth Equity Services LLC’s holdings in GXO Logistics were worth $510,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GXO. Mather Group LLC. raised its holdings in GXO Logistics by 170.7% in the second quarter. Mather Group LLC. now owns 1,110 shares of the company’s stock worth $60,000 after purchasing an additional 700 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of GXO Logistics by 920.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,276 shares of the company’s stock worth $64,000 after acquiring an additional 1,151 shares in the last quarter. Motco raised its holdings in GXO Logistics by 2,836.4% during the 1st quarter. Motco now owns 1,292 shares of the company’s stock valued at $69,000 after buying an additional 1,248 shares during the period. Smithfield Trust Co increased its stake in GXO Logistics by 16.5% in the first quarter. Smithfield Trust Co now owns 1,378 shares of the company’s stock worth $73,000 after purchasing an additional 195 shares during the period. Finally, LRI Investments LLC bought a new position in shares of GXO Logistics during the 1st quarter worth $80,000. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Trading Down 2.5 %

GXO Logistics stock opened at $51.55 on Friday. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 37.06, a PEG ratio of 1.46 and a beta of 1.58. The company’s fifty day moving average price is $50.74 and its two-hundred day moving average price is $50.45. GXO Logistics, Inc. has a one year low of $46.07 and a one year high of $63.07. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.86.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the business earned $0.70 EPS. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, analysts forecast that GXO Logistics, Inc. will post 2.79 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GXO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Wells Fargo & Company started coverage on GXO Logistics in a research note on Friday, June 7th. They issued an “overweight” rating and a $58.00 price target on the stock. Finally, UBS Group lowered their price objective on GXO Logistics from $71.00 to $66.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.45.

GXO Logistics Company 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.