Sumitomo Life Insurance Co. Sells 754 Shares of GXO Logistics, Inc. (NYSE:GXO)

Sumitomo Life Insurance Co. decreased its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,981 shares of the company’s stock after selling 754 shares during the period. Sumitomo Life Insurance Co.’s holdings in GXO Logistics were worth $782,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. TD Cowen lifted their price target on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Citigroup began coverage on GXO Logistics in a research note on Wednesday, October 9th. They issued a “buy” rating and a $60.00 target price for the company. UBS Group boosted their price objective on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. 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 report on Thursday, January 16th. Finally, Barclays lowered their price target on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $65.38.

GXO Logistics Trading Up 0.6 %

NYSE GXO opened at $46.14 on Thursday. The stock has a market cap of $5.51 billion, a P/E ratio of 51.27, a price-to-earnings-growth ratio of 1.23 and a beta of 1.60. GXO Logistics, Inc. has a fifty-two week low of $41.38 and a fifty-two week high of $63.33. The stock has a 50 day simple moving average of $47.96 and a two-hundred day simple moving average of $51.80. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The firm’s revenue was up 27.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 earnings per share. On average, analysts forecast that GXO Logistics, Inc. will post 2.73 earnings per share for the current year.

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.