Victory Capital Management Inc. Sells 64,960 Shares of GXO Logistics, Inc. (NYSE:GXO)

Victory Capital Management Inc. decreased its holdings in GXO Logistics, Inc. (NYSE:GXO) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 404,431 shares of the company’s stock after selling 64,960 shares during the quarter. Victory Capital Management Inc. owned approximately 0.34% of GXO Logistics worth $24,735,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. DekaBank Deutsche Girozentrale acquired a new stake in shares of GXO Logistics in the third quarter valued at $31,000. Headlands Technologies LLC acquired a new position in GXO Logistics during the 4th quarter worth $59,000. CWM LLC boosted its position in GXO Logistics by 28.1% in 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. increased its stake in shares of GXO Logistics by 81.9% in 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 period. Finally, U S Global Investors Inc. raised its position in shares of GXO Logistics by 42.5% during the fourth quarter. U S Global Investors Inc. now owns 2,472 shares of the company’s stock worth $151,000 after acquiring an additional 737 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Stock Down 0.4 %

Shares of GXO Logistics stock opened at $50.95 on Thursday. GXO Logistics, Inc. has a 1 year low of $48.11 and a 1 year high of $67.57. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $6.08 billion, a P/E ratio of 26.68, a price-to-earnings-growth ratio of 2.11 and a beta of 1.63. The business has a 50-day moving average of $50.55 and a two-hundred day moving average of $54.36.

GXO Logistics (NYSE:GXO) last announced its earnings results on Tuesday, May 7th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.38 billion. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $0.49 EPS. As a group, equities analysts predict that GXO Logistics, Inc. will post 2.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Loop Capital cut their target price on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Citigroup lowered their target price 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. TD Cowen increased their price target on GXO Logistics from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Susquehanna lifted their price objective on GXO Logistics from $73.00 to $75.00 and gave the stock a “positive” rating in a research note on Thursday, February 15th. Finally, BNP Paribas upgraded GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price objective for the company in a report on Wednesday, March 27th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.69.

Insider Buying and Selling at GXO Logistics

In other news, Director Gena L. Ashe sold 4,737 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $50.00, for a total transaction of $236,850.00. Following the sale, the director now owns 20,851 shares in the company, valued at approximately $1,042,550. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.

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.