Rice Hall James & Associates LLC Sells 5,199 Shares of GXO Logistics, Inc. (NYSE:GXO)

Rice Hall James & Associates LLC lowered its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,626 shares of the company’s stock after selling 5,199 shares during the quarter. Rice Hall James & Associates LLC owned 0.08% of GXO Logistics worth $3,899,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. State Street Corp lifted its holdings in shares of GXO Logistics by 1.9% in the 3rd quarter. State Street Corp now owns 3,631,328 shares of the company’s stock worth $189,083,000 after acquiring an additional 66,232 shares during the last quarter. Fort Pitt Capital Group LLC lifted its holdings in shares of GXO Logistics by 2.1% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 2,467,814 shares of the company’s stock worth $128,499,000 after acquiring an additional 51,208 shares during the last quarter. Swedbank AB lifted its holdings in shares of GXO Logistics by 13.9% in the 4th quarter. Swedbank AB now owns 2,050,000 shares of the company’s stock worth $89,175,000 after acquiring an additional 250,000 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of GXO Logistics by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,982,920 shares of the company’s stock worth $103,279,000 after acquiring an additional 29,992 shares during the last quarter. Finally, River Road Asset Management LLC lifted its holdings in shares of GXO Logistics by 40.4% in the 3rd quarter. River Road Asset Management LLC now owns 1,308,532 shares of the company’s stock worth $68,135,000 after acquiring an additional 376,704 shares during the last quarter. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Trading Up 4.2 %

NYSE GXO opened at $41.07 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 45.63, a price-to-earnings-growth ratio of 1.19 and a beta of 1.60. The company’s 50-day simple moving average is $44.03 and its two-hundred day simple moving average is $50.61. GXO Logistics, Inc. has a one year low of $34.51 and a one year high of $63.33.

GXO Logistics (NYSE:GXO) last posted its earnings results on Wednesday, February 12th. The company reported $1.00 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%. Equities analysts forecast that GXO Logistics, Inc. will post 2.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their target price on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. UBS Group lowered their target price on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a report on Friday, February 14th. Wells Fargo & Company reduced their price target on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. TD Cowen raised 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. Finally, Loop Capital downgraded 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. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $57.62.

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.