GXO Logistics, Inc. (NYSE:GXO) Shares Sold by M&T Bank Corp

M&T Bank Corp decreased its position in GXO Logistics, Inc. (NYSE:GXO) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,823 shares of the company’s stock after selling 5,990 shares during the quarter. M&T Bank Corp owned 0.06% of GXO Logistics worth $4,148,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of GXO. DekaBank Deutsche Girozentrale purchased a new position in shares of GXO Logistics during the 3rd quarter valued at approximately $31,000. Headlands Technologies LLC purchased a new position in shares of GXO Logistics during the 4th quarter valued at approximately $59,000. CWM LLC boosted its stake in shares of GXO Logistics by 28.1% during the 4th quarter. CWM LLC now owns 1,778 shares of the company’s stock valued at $109,000 after buying an additional 390 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of GXO Logistics by 81.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,912 shares of the company’s stock valued at $112,000 after buying an additional 861 shares during the last quarter. Finally, U S Global Investors Inc. boosted its stake in shares of GXO Logistics by 42.5% during the 4th quarter. U S Global Investors Inc. now owns 2,472 shares of the company’s stock valued at $151,000 after buying an additional 737 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GXO shares. JPMorgan Chase & Co. reduced their price objective on GXO Logistics from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. Stifel Nicolaus raised their price objective on GXO Logistics from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Loop Capital reduced their price objective on GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Susquehanna raised their target price on GXO Logistics from $73.00 to $75.00 and gave the company a “positive” rating in a research note on Thursday, February 15th. Finally, TD Cowen raised their target price on GXO Logistics from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $69.69.

Insider Activity

In related news, Director Gena L. Ashe sold 4,737 shares of GXO Logistics stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $50.00, for a total transaction 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 filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

GXO Logistics Price Performance

Shares of GXO opened at $51.18 on Wednesday. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 2.11 and a beta of 1.63. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.98 and a current ratio of 0.98. GXO Logistics, Inc. has a one year low of $48.11 and a one year high of $67.57. The stock’s fifty day moving average is $50.58 and its 200-day moving average is $54.37.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. GXO Logistics had a return on equity of 10.94% and a net margin of 2.34%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.83 earnings per share. Equities analysts anticipate that GXO Logistics, Inc. will post 2.78 EPS for the current year.

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.