GXO Logistics, Inc. (NYSE:GXO) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC decreased its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,708 shares of the company’s stock after selling 1,145 shares during the quarter. MetLife Investment Management LLC’s holdings in GXO Logistics were worth $3,213,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new position in shares of GXO Logistics during the 3rd quarter valued at about $28,000. UMB Bank n.a. lifted its position in GXO Logistics by 111.4% in the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock valued at $33,000 after buying an additional 331 shares during the last quarter. Signaturefd LLC lifted its position in GXO Logistics by 37.2% in the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after buying an additional 249 shares during the last quarter. Hara Capital LLC acquired a new position in GXO Logistics in the third quarter valued at about $50,000. Finally, Whittier Trust Co. of Nevada Inc. lifted 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 valued at $54,000 after buying an additional 282 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Stock Down 2.4 %

GXO stock opened at $58.98 on Wednesday. The company’s 50 day moving average price is $58.13 and its 200 day moving average price is $53.05. 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, Inc. has a fifty-two week low of $46.07 and a fifty-two week high of $63.33. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 65.56, a PEG ratio of 1.83 and a beta of 1.52.

GXO Logistics (NYSE:GXO) last released its earnings results on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. On average, equities research analysts anticipate that GXO Logistics, Inc. will post 2.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GXO has been the topic of a number of recent analyst reports. UBS Group upped their target price on shares of GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Oppenheimer upped their target price on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Susquehanna cut their price target on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research note on Thursday, September 26th. TD Cowen boosted 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, Barclays boosted their price target on shares of GXO Logistics from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $67.00.

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.