GXO Logistics, Inc. $GXO Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its position in GXO Logistics, Inc. (NYSE:GXO) by 3.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,987,124 shares of the company’s stock after selling 79,642 shares during the quarter. Geode Capital Management LLC’s holdings in GXO Logistics were worth $96,788,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GXO. LPL Financial LLC raised its stake in shares of GXO Logistics by 23.7% during the 1st quarter. LPL Financial LLC now owns 72,279 shares of the company’s stock valued at $2,629,000 after buying an additional 13,825 shares during the last quarter. William Blair Investment Management LLC boosted its stake in shares of GXO Logistics by 52.3% in the second quarter. William Blair Investment Management LLC now owns 530,999 shares of the company’s stock worth $25,860,000 after buying an additional 182,338 shares during the last quarter. US Bancorp DE boosted its stake in shares of GXO Logistics by 3.4% in the second quarter. US Bancorp DE now owns 14,319 shares of the company’s stock worth $697,000 after buying an additional 471 shares during the last quarter. Cetera Investment Advisers grew its holdings in GXO Logistics by 11.6% during the first quarter. Cetera Investment Advisers now owns 11,547 shares of the company’s stock worth $451,000 after acquiring an additional 1,199 shares during the period. Finally, GAMMA Investing LLC raised its position in GXO Logistics by 34.0% during the second quarter. GAMMA Investing LLC now owns 1,115 shares of the company’s stock valued at $54,000 after acquiring an additional 283 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Price Performance

Shares of NYSE GXO opened at $47.52 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a fifty day moving average of $52.36 and a 200 day moving average of $49.31. The firm has a market cap of $5.44 billion, a PE ratio of 62.53, a PEG ratio of 1.90 and a beta of 1.64. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $61.90.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. GXO Logistics had a net margin of 0.69% and a return on equity of 10.45%. The business had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.39 billion. The company’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $0.79 earnings per share. GXO Logistics has set its FY 2025 guidance at 2.430-2.630 EPS. As a group, research analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GXO shares. UBS Group upped their price objective on GXO Logistics from $58.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Oppenheimer boosted their target price on shares of GXO Logistics from $55.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Susquehanna restated a “positive” rating and set a $64.00 price target on shares of GXO Logistics in a research report on Thursday, November 6th. The Goldman Sachs Group raised shares of GXO Logistics from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $52.00 to $68.00 in a report on Wednesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft raised shares of GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research note on Thursday, November 6th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, GXO Logistics presently has an average rating of “Moderate Buy” and a consensus price target of $61.77.

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.