Strs Ohio Sells 1,712 Shares of GXO Logistics, Inc. (NYSE:GXO)

Strs Ohio cut its holdings in GXO Logistics, Inc. (NYSE:GXO) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,543 shares of the company’s stock after selling 1,712 shares during the quarter. Strs Ohio’s holdings in GXO Logistics were worth $1,378,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GXO. Gilman Hill Asset Management LLC raised its holdings in shares of GXO Logistics by 0.3% during the fourth quarter. Gilman Hill Asset Management LLC now owns 56,156 shares of the company’s stock worth $3,435,000 after acquiring an additional 170 shares during the period. Ipswich Investment Management Co. Inc. grew its position in shares of GXO Logistics by 1.6% in the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 12,430 shares of the company’s stock valued at $729,000 after acquiring an additional 190 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in shares of GXO Logistics by 5.3% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 4,004 shares of the company’s stock worth $235,000 after buying an additional 200 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of GXO Logistics by 1.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 14,856 shares of the company’s stock worth $871,000 after buying an additional 212 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of GXO Logistics by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 51,396 shares of the company’s stock worth $3,014,000 after buying an additional 270 shares during the period. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Stock Down 0.1 %

GXO Logistics stock opened at $49.70 on Tuesday. GXO Logistics, Inc. has a 1-year low of $48.11 and a 1-year high of $67.57. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 2.10 and a beta of 1.64. The firm’s fifty day moving average price is $51.38 and its two-hundred day moving average price is $54.68. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.55.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the firm earned $0.83 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts predict that GXO Logistics, Inc. will post 2.77 earnings per share for the current fiscal year.

Insider Buying and Selling at GXO Logistics

In other GXO Logistics news, Director Gena L. Ashe sold 4,737 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $50.00, for a total value of $236,850.00. Following the transaction, the director now directly owns 20,851 shares of the company’s stock, valued at $1,042,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

GXO has been the subject of a number of recent research reports. Citigroup cut their price objective on shares of GXO Logistics from $66.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, February 15th. BNP Paribas upgraded shares of GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price objective for the company in a research report on Wednesday, March 27th. Loop Capital decreased their price target on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. JPMorgan Chase & Co. decreased their price target on shares of GXO Logistics from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Finally, Stifel Nicolaus increased their price objective on shares of GXO Logistics from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $69.54.

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.