GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 9.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,033 shares of the company’s stock after selling 6,998 shares during the period. Oppenheimer & Co. Inc. owned 0.06% of GXO Logistics worth $3,699,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its stake in GXO Logistics by 34.3% in the first quarter. SG Americas Securities LLC now owns 4,816 shares of the company’s stock valued at $259,000 after acquiring an additional 1,230 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in GXO Logistics by 0.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 110,563 shares of the company’s stock worth $5,579,000 after buying an additional 1,010 shares during the last quarter. Vanguard Group Inc. increased its position in GXO Logistics by 0.7% during the first quarter. Vanguard Group Inc. now owns 11,228,350 shares of the company’s stock worth $603,636,000 after buying an additional 82,485 shares during the period. Edgestream Partners L.P. lifted its stake in GXO Logistics by 1,659.4% in the first quarter. Edgestream Partners L.P. now owns 98,352 shares of the company’s stock valued at $5,287,000 after buying an additional 92,762 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new stake in shares of GXO Logistics in the first quarter valued at approximately $1,871,000. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Down 1.9 %

GXO Logistics stock opened at $58.64 on Friday. The stock’s 50 day moving average price is $56.06 and its 200 day moving average price is $52.37. GXO Logistics, Inc. has a 1-year low of $46.07 and a 1-year high of $63.33. The company has a market cap of $7.01 billion, a PE ratio of 65.16, a price-to-earnings-growth ratio of 1.82 and a beta of 1.55. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86.

GXO Logistics (NYSE:GXO) last issued its earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.78 by $0.01. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The business’s revenue was up 27.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS. On average, sell-side analysts predict that GXO Logistics, Inc. will post 2.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GXO has been the subject of several research reports. Barclays upped their price target on shares of GXO Logistics from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday. Citigroup started coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 target price for the company. UBS Group raised their price target on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Susquehanna reduced their price objective on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research note on Thursday, September 26th. Finally, TD Cowen lifted their target price on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $67.00.

About GXO Logistics

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.