GXO Logistics, Inc. $GXO Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. trimmed its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 8.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,672,860 shares of the company’s stock after selling 146,535 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in GXO Logistics were worth $81,468,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Orbis Allan Gray Ltd boosted its stake in GXO Logistics by 6.5% during the 1st quarter. Orbis Allan Gray Ltd now owns 13,473,172 shares of the company’s stock valued at $526,532,000 after purchasing an additional 818,353 shares during the period. Vanguard Group Inc. boosted its stake in GXO Logistics by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 11,370,657 shares of the company’s stock valued at $444,365,000 after purchasing an additional 37,852 shares during the period. Dimensional Fund Advisors LP boosted its stake in GXO Logistics by 29.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,608,468 shares of the company’s stock valued at $141,021,000 after purchasing an additional 810,298 shares during the period. Kovitz Investment Group Partners LLC boosted its stake in GXO Logistics by 27.0% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 3,330,176 shares of the company’s stock valued at $130,143,000 after purchasing an additional 708,661 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of GXO Logistics by 1,521.9% during the 1st quarter. Alliancebernstein L.P. now owns 2,511,289 shares of the company’s stock worth $98,141,000 after buying an additional 2,356,452 shares in the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Stock Down 0.2%

NYSE GXO opened at $53.71 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.76 and a quick ratio of 0.76. The company’s 50 day simple moving average is $51.70 and its 200 day simple moving average is $45.32. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $63.33. The company has a market capitalization of $6.15 billion, a P/E ratio of 101.34, a PEG ratio of 2.16 and a beta of 1.64.

GXO Logistics (NYSE:GXO) last released its earnings results on Tuesday, August 5th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. GXO Logistics had a net margin of 0.50% and a return on equity of 10.45%. The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the firm earned $0.55 EPS. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities research analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on GXO shares. Wells Fargo & Company boosted their price target on shares of GXO Logistics from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. The Goldman Sachs Group upgraded shares of GXO Logistics from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $52.00 to $68.00 in a research report on Wednesday, September 24th. Truist Financial upgraded shares of GXO Logistics from a “hold” rating to a “buy” rating and boosted their price target for the stock from $48.00 to $62.00 in a research report on Friday, July 11th. Susquehanna boosted their price target on shares of GXO Logistics from $58.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. Finally, Barclays boosted their price target on shares of GXO Logistics from $45.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. Eleven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.86.

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.