Arlington Trust Co LLC Has $158,000 Holdings in GXO Logistics, Inc. (NYSE:GXO)

Arlington Trust Co LLC trimmed its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 9.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,640 shares of the company’s stock after selling 360 shares during the period. Arlington Trust Co LLC’s holdings in GXO Logistics were worth $158,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GXO. State Street Corp lifted its holdings in GXO Logistics by 1.9% during the 3rd quarter. State Street Corp now owns 3,631,328 shares of the company’s stock worth $189,083,000 after buying an additional 66,232 shares in the last quarter. Fort Pitt Capital Group LLC raised its position in shares of GXO Logistics by 2.1% during the third quarter. Fort Pitt Capital Group LLC now owns 2,467,814 shares of the company’s stock worth $128,499,000 after acquiring an additional 51,208 shares during the last quarter. Swedbank AB raised its position in shares of GXO Logistics by 13.9% during the fourth quarter. Swedbank AB now owns 2,050,000 shares of the company’s stock worth $89,175,000 after acquiring an additional 250,000 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of GXO Logistics by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,982,920 shares of the company’s stock valued at $103,279,000 after acquiring an additional 29,992 shares during the period. Finally, River Road Asset Management LLC boosted its holdings in GXO Logistics by 40.4% in the third quarter. River Road Asset Management LLC now owns 1,308,532 shares of the company’s stock valued at $68,135,000 after acquiring an additional 376,704 shares during the last quarter. 90.67% of the stock is owned by institutional investors.

GXO Logistics Trading Down 1.3 %

Shares of GXO stock opened at $43.27 on Monday. GXO Logistics, Inc. has a twelve month low of $41.38 and a twelve month high of $63.33. The stock’s fifty day simple moving average is $45.71 and its 200 day simple moving average is $51.30. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $5.17 billion, a P/E ratio of 48.08, a P/E/G ratio of 1.19 and a beta of 1.60.

Analyst Ratings Changes

GXO has been the topic of a number of research reports. 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. Barclays reduced their price objective on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. TD Cowen increased their price target on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. UBS Group raised their price target on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group dropped their price objective on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $63.46.

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.