SevenBridge Financial Group LLC Has $474,000 Stake in GXO Logistics, Inc. (NYSE:GXO)

SevenBridge Financial Group LLC cut its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 29.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,012 shares of the company’s stock after selling 4,580 shares during the quarter. SevenBridge Financial Group LLC’s holdings in GXO Logistics were worth $474,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of GXO Logistics by 12.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,031 shares of the company’s stock worth $2,761,000 after acquiring an additional 6,004 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in GXO Logistics by 2.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company’s stock worth $26,153,000 after purchasing an additional 12,208 shares during the last quarter. Paloma Partners Management Co acquired a new position in shares of GXO Logistics in the 3rd quarter worth approximately $227,000. Holocene Advisors LP boosted its stake in shares of GXO Logistics by 7.2% in the 3rd quarter. Holocene Advisors LP now owns 100,302 shares of the company’s stock valued at $5,223,000 after purchasing an additional 6,767 shares during the last quarter. Finally, Motley Fool Asset Management LLC increased its position in shares of GXO Logistics by 5.7% during the third quarter. Motley Fool Asset Management LLC now owns 161,867 shares of the company’s stock worth $8,208,000 after buying an additional 8,658 shares during the period. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Trading Up 1.9 %

GXO opened at $40.12 on Thursday. GXO Logistics, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $63.33. The firm has a market capitalization of $4.80 billion, a PE ratio of 35.82, a P/E/G ratio of 1.34 and a beta of 1.62. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. The company’s 50-day moving average is $41.00 and its 200 day moving average is $48.62.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, topping 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%. As a group, research analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GXO has been the topic of several recent analyst reports. UBS Group dropped their target price on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Barclays cut their target price on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Oppenheimer decreased their target price on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft initiated coverage on GXO Logistics in a research note on Friday, March 7th. They issued a “hold” rating and a $45.00 price target on the stock. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 price objective (down previously from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.00.

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.