GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in GXO Logistics, Inc. (NYSE:GXO) by 5.6% in the third quarter, HoldingsChannel.com reports. The fund owned 64,567 shares of the company’s stock after selling 3,814 shares during the period. Mutual of America Capital Management LLC’s holdings in GXO Logistics were worth $3,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of GXO Logistics during the third quarter worth about $28,000. UMB Bank n.a. lifted its stake in GXO Logistics by 111.4% during the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company’s stock valued at $33,000 after acquiring an additional 331 shares during the period. Signaturefd LLC boosted its holdings in shares of GXO Logistics by 37.2% in the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after acquiring an additional 249 shares during the last quarter. Hara Capital LLC acquired a new stake in shares of GXO Logistics in the third quarter worth $50,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of GXO Logistics by 37.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock worth $54,000 after purchasing an additional 282 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Stock Performance

GXO opened at $60.47 on Friday. The firm’s fifty day simple moving average is $57.06 and its two-hundred day simple moving average is $52.69. GXO Logistics, Inc. has a 52-week low of $46.07 and a 52-week high of $63.33. The company has a market cap of $7.22 billion, a price-to-earnings ratio of 67.19, a PEG ratio of 1.77 and a beta of 1.55. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the company posted $0.69 EPS. GXO Logistics’s quarterly revenue was up 27.8% compared to the same quarter last year. Equities analysts anticipate that GXO Logistics, Inc. will post 2.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on GXO shares. UBS Group increased their price target on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Susquehanna dropped their target price on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a report on Thursday, September 26th. Citigroup initiated coverage on GXO Logistics in a report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price target for the company. Barclays raised their price objective on shares of GXO Logistics from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Finally, TD Cowen boosted their target price on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $67.00.

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.