GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Wellington Shields & Co. LLC

Wellington Shields & Co. LLC lessened its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 22.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,470 shares of the company’s stock after selling 1,000 shares during the quarter. Wellington Shields & Co. LLC’s holdings in GXO Logistics were worth $175,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Arizona State Retirement System lifted its position in shares of GXO Logistics by 2.3% in the second quarter. Arizona State Retirement System now owns 33,430 shares of the company’s stock valued at $1,688,000 after acquiring an additional 738 shares in the last quarter. National Bank of Canada FI raised its stake in GXO Logistics by 0.7% in the 2nd quarter. National Bank of Canada FI now owns 179,668 shares of the company’s stock valued at $8,943,000 after purchasing an additional 1,216 shares during the last quarter. Stablepoint Partners LLC raised its stake in GXO Logistics by 22.5% in the 2nd quarter. Stablepoint Partners LLC now owns 15,615 shares of the company’s stock valued at $866,000 after purchasing an additional 2,866 shares during the last quarter. George Kaiser Family Foundation lifted its holdings in GXO Logistics by 162.5% in the 2nd quarter. George Kaiser Family Foundation now owns 49,503 shares of the company’s stock valued at $2,500,000 after purchasing an additional 30,642 shares in the last quarter. Finally, TIAA Trust National Association boosted its stake in shares of GXO Logistics by 19.3% during the 2nd quarter. TIAA Trust National Association now owns 5,018 shares of the company’s stock worth $253,000 after purchasing an additional 811 shares during the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GXO. UBS Group cut their price objective on shares of GXO Logistics from $71.00 to $66.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Wells Fargo & Company initiated coverage on GXO Logistics in a research note on Friday, June 7th. They set an “overweight” rating and a $58.00 price target on the stock. Stifel Nicolaus restated a “buy” rating and set a $74.00 price objective on shares of GXO Logistics in a report on Wednesday, May 15th. JPMorgan Chase & Co. upped their target price on GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $70.00 price target on shares of GXO Logistics in a research note on Tuesday, May 14th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, GXO Logistics currently has a consensus rating of “Moderate Buy” and an average price target of $67.45.

GXO Logistics Price Performance

GXO stock opened at $48.96 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.87. GXO Logistics, Inc. has a 12-month low of $46.07 and a 12-month high of $63.07. The company has a market cap of $5.85 billion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 1.45 and a beta of 1.58. The stock has a 50-day moving average price of $50.51 and a two-hundred day moving average price of $50.47.

GXO Logistics (NYSE:GXO) last issued its earnings results on Tuesday, August 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the company earned $0.70 EPS. GXO Logistics’s quarterly revenue was up 18.9% on a year-over-year basis. As a group, research analysts predict that GXO Logistics, Inc. will post 2.79 EPS 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.