Motley Fool Wealth Management LLC lessened its stake in shares of GXO Logistics, Inc. (NYSE:GXO – Free Report) by 14.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 116,604 shares of the company’s stock after selling 19,625 shares during the period. Motley Fool Wealth Management LLC’s holdings in GXO Logistics were worth $6,138,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of GXO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of GXO Logistics by 29.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,867 shares of the company’s stock valued at $1,568,000 after acquiring an additional 9,134 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of GXO Logistics by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 377,211 shares of the company’s stock valued at $14,741,000 after acquiring an additional 8,670 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of GXO Logistics by 4,775.6% during the first quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock valued at $78,000 after acquiring an additional 1,958 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of GXO Logistics by 2.0% during the second quarter. Hsbc Holdings PLC now owns 12,780 shares of the company’s stock valued at $622,000 after acquiring an additional 253 shares in the last quarter. Finally, M&T Bank Corp bought a new stake in shares of GXO Logistics during the second quarter valued at approximately $271,000. Institutional investors own 90.67% of the company’s stock.
GXO Logistics Price Performance
NYSE GXO opened at $50.19 on Wednesday. The firm’s fifty day simple moving average is $52.27 and its two-hundred day simple moving average is $54.52. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.88. GXO Logistics, Inc. has a 12-month low of $42.49 and a 12-month high of $66.85. The firm has a market capitalization of $5.77 billion, a P/E ratio of 44.03, a P/E/G ratio of 1.63 and a beta of 1.56.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on GXO. Susquehanna reaffirmed a “positive” rating and set a $82.00 price target on shares of GXO Logistics in a research note on Thursday, February 12th. Truist Financial boosted their price objective on shares of GXO Logistics from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Citigroup boosted their price objective on shares of GXO Logistics from $66.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Wells Fargo & Company reduced their price objective on shares of GXO Logistics from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Finally, Oppenheimer reissued an “outperform” rating and issued a $70.00 price objective on shares of GXO Logistics in a research note on Thursday, February 12th. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, GXO Logistics presently has a consensus rating of “Moderate Buy” and an average price target of $69.92.
Check Out Our Latest Report on GXO Logistics
GXO Logistics Profile
GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.
The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.
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