GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 18.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,264 shares of the company’s stock after selling 1,435 shares during the period. Corient Private Wealth LLC’s holdings in GXO Logistics were worth $272,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. acquired a new stake in GXO Logistics during the fourth quarter worth about $47,626,000. River Road Asset Management LLC grew its holdings in shares of GXO Logistics by 53.5% during the 4th quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company’s stock worth $87,355,000 after purchasing an additional 699,636 shares during the period. Raymond James Financial Inc. purchased a new position in GXO Logistics in the fourth quarter valued at approximately $20,905,000. Life Planning Partners Inc lifted its position in GXO Logistics by 4,250.0% during the fourth quarter. Life Planning Partners Inc now owns 263,393 shares of the company’s stock valued at $11,458,000 after buying an additional 257,338 shares in the last quarter. Finally, Swedbank AB grew its stake in GXO Logistics by 13.9% during the fourth quarter. Swedbank AB now owns 2,050,000 shares of the company’s stock worth $89,175,000 after buying an additional 250,000 shares during the period. 90.67% of the stock is owned by hedge funds and other institutional investors.

GXO Logistics Trading Down 0.5 %

Shares of NYSE GXO opened at $39.12 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The stock’s 50 day moving average price is $41.22 and its two-hundred day moving average price is $48.76. GXO Logistics, Inc. has a 52-week low of $34.51 and a 52-week high of $63.33. The stock has a market capitalization of $4.68 billion, a P/E ratio of 34.93, a PEG ratio of 1.34 and a beta of 1.62.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. On average, analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GXO. Loop Capital lowered shares of GXO Logistics from a “buy” rating to a “hold” rating and reduced their target price for the company from $71.00 to $49.00 in a report on Monday, February 3rd. UBS Group dropped their target price on GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Morgan Stanley decreased their price target on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Friday, February 14th. The Goldman Sachs Group reduced their target price on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 price target (down previously from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, GXO Logistics currently has an average rating of “Moderate Buy” and a consensus target price 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.