GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Diversify Wealth Management LLC

Diversify Wealth Management LLC reduced its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 7.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,056 shares of the company’s stock after selling 386 shares during the quarter. Diversify Wealth Management LLC’s holdings in GXO Logistics were worth $263,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Nisa Investment Advisors LLC lifted its stake in shares of GXO Logistics by 7.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,064 shares of the company’s stock worth $160,000 after acquiring an additional 220 shares during the period. State of Alaska Department of Revenue raised its holdings in GXO Logistics by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 13,789 shares of the company’s stock worth $717,000 after purchasing an additional 940 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in GXO Logistics in the third quarter worth approximately $28,000. Arkadios Wealth Advisors bought a new position in GXO Logistics during the 3rd quarter valued at $291,000. Finally, Mediolanum International Funds Ltd acquired a new position in shares of GXO Logistics during the 3rd quarter valued at $6,819,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Stock Down 2.0 %

GXO stock opened at $58.60 on Friday. GXO Logistics, Inc. has a 52-week low of $46.07 and a 52-week high of $63.33. The company’s 50 day simple moving average is $53.95 and its 200-day simple moving average is $51.69. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $7.00 billion, a P/E ratio of 50.09, a P/E/G ratio of 1.85 and a beta of 1.59.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). GXO Logistics had a net margin of 1.35% and a return on equity of 9.86%. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the firm earned $0.70 EPS. The firm’s revenue was up 18.9% compared to the same quarter last year. As a group, equities research analysts anticipate that GXO Logistics, Inc. will post 2.78 EPS for the current year.

Analysts Set New Price Targets

GXO has been the subject of several research analyst reports. Susquehanna cut their price objective on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a report on Thursday, September 26th. Citigroup started coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on shares of GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Finally, UBS Group cut their target price on shares of GXO Logistics from $71.00 to $66.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.91.

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.