New York State Teachers Retirement System Sells 300 Shares of GXO Logistics, Inc. (NYSE:GXO)

New York State Teachers Retirement System lessened its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,021 shares of the company’s stock after selling 300 shares during the period. New York State Teachers Retirement System owned about 0.09% of GXO Logistics worth $5,312,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GXO. DekaBank Deutsche Girozentrale bought a new position in shares of GXO Logistics during the third quarter worth about $28,000. UMB Bank n.a. grew its stake in shares of GXO Logistics by 111.4% during the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after acquiring an additional 331 shares in the last quarter. Signaturefd LLC grew its stake in shares of GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after acquiring an additional 249 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of GXO Logistics by 37.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock valued at $54,000 after purchasing an additional 282 shares during the last quarter. Finally, Mather Group LLC. boosted its holdings in GXO Logistics by 170.7% during 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 during the last quarter. 90.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citigroup initiated coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price target on the stock. UBS Group dropped their target price on GXO Logistics from $71.00 to $66.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. raised 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. Finally, Susquehanna dropped their price objective 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. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $66.91.

GXO Logistics Trading Down 1.6 %

GXO stock opened at $57.69 on Wednesday. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 49.30, a price-to-earnings-growth ratio of 1.75 and a beta of 1.55. The company has a fifty day moving average price of $54.12 and a two-hundred day moving average price of $51.79. GXO Logistics, Inc. has a one year low of $46.07 and a one year high of $63.33. 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 Monday, November 4th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a net margin of 1.35% and a return on equity of 9.86%. GXO Logistics’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 EPS. Equities analysts anticipate that GXO Logistics, Inc. will post 2.78 EPS for the current year.

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.