GXO Logistics, Inc. (NYSE:GXO) Stock Position Decreased by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lessened its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 21.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 58,589 shares of the company’s stock after selling 15,759 shares during the quarter. Stanley Laman Group Ltd.’s holdings in GXO Logistics were worth $2,549,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of GXO. CWM LLC boosted its stake in GXO Logistics by 13.8% during the 3rd quarter. CWM LLC now owns 1,961 shares of the company’s stock valued at $102,000 after purchasing an additional 238 shares during the period. UMB Bank n.a. boosted 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 purchasing an additional 331 shares during the period. Foster Victor Wealth Advisors LLC boosted its stake in GXO Logistics by 5.7% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 109,437 shares of the company’s stock valued at $5,570,000 after purchasing an additional 5,877 shares during the period. Sumitomo Life Insurance Co. boosted its stake in GXO Logistics by 2.8% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 18,735 shares of the company’s stock valued at $976,000 after purchasing an additional 504 shares during the period. Finally, Bleakley Financial Group LLC acquired a new position in GXO Logistics during the 3rd quarter valued at about $201,000. Institutional investors own 90.67% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GXO. The Goldman Sachs Group reduced their price target on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. TD Cowen upped their price target on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Loop Capital lowered shares of GXO Logistics from a “buy” rating to a “hold” rating and reduced their price target for the stock from $71.00 to $49.00 in a research note on Monday, February 3rd. Barclays reduced 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. Finally, Oppenheimer upped their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, GXO Logistics has a consensus rating of “Moderate Buy” and an average target price of $63.46.

GXO Logistics Stock Down 0.4 %

GXO stock opened at $42.81 on Thursday. GXO Logistics, Inc. has a 52-week low of $41.38 and a 52-week high of $63.33. The company’s 50 day simple moving average is $44.88 and its 200-day simple moving average is $51.07. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $5.11 billion, a P/E ratio of 47.57, a P/E/G ratio of 1.19 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. As a group, equities research analysts anticipate that GXO Logistics, Inc. will post 2.73 EPS for the current year.

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.