GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Signaturefd LLC

Signaturefd LLC cut its stake in GXO Logistics, Inc. (NYSE:GXO) by 29.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 651 shares of the company’s stock after selling 267 shares during the period. Signaturefd LLC’s holdings in GXO Logistics were worth $28,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GXO. Stifel Financial Corp increased its position in shares of GXO Logistics by 95.8% in the 3rd 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 last quarter. Douglas Lane & Associates LLC grew its stake in GXO Logistics by 6.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock worth $20,904,000 after purchasing an additional 31,015 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in GXO Logistics by 2.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company’s stock valued at $26,153,000 after buying an additional 12,208 shares during the last quarter. Tidal Investments LLC acquired a new stake in GXO Logistics during the third quarter valued at approximately $667,000. Finally, Barclays PLC lifted its holdings in GXO Logistics by 28.9% during the 3rd quarter. Barclays PLC now owns 62,545 shares of the company’s stock worth $3,256,000 after buying an additional 14,020 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GXO shares. Barclays lowered their price target on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. UBS Group lowered their target price on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft started coverage on shares of GXO Logistics in a report on Friday, March 7th. They set a “hold” rating and a $45.00 target price on the stock. Truist Financial began coverage on shares of GXO Logistics in a report on Thursday, March 13th. They issued a “hold” rating and a $40.00 price target for the company. Finally, Wells Fargo & Company dropped their price objective on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.60.

GXO Logistics Stock Performance

Shares of NYSE GXO opened at $40.26 on Wednesday. GXO Logistics, Inc. has a 1 year low of $34.51 and a 1 year high of $63.33. The firm has a market cap of $4.81 billion, a P/E ratio of 35.95, a PEG ratio of 1.34 and a beta of 1.62. The stock has a fifty day moving average price of $41.59 and a two-hundred day moving average price of $49.02. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83.

GXO Logistics (NYSE:GXO) last announced its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. Research analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

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.