Handelsbanken Fonder AB Has $1.37 Million Position in GXO Logistics, Inc. (NYSE:GXO)

Handelsbanken Fonder AB lessened its stake in GXO Logistics, Inc. (NYSE:GXO) by 94.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,500 shares of the company’s stock after selling 559,600 shares during the period. Handelsbanken Fonder AB’s holdings in GXO Logistics were worth $1,370,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of GXO Logistics by 1.9% during the third quarter. State Street Corp now owns 3,631,328 shares of the company’s stock valued at $189,083,000 after purchasing an additional 66,232 shares during the period. Fort Pitt Capital Group LLC increased its holdings in GXO Logistics by 2.1% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 2,467,814 shares of the company’s stock valued at $128,499,000 after buying an additional 51,208 shares during the period. Swedbank AB increased its holdings in GXO Logistics by 13.9% in the 4th quarter. Swedbank AB now owns 2,050,000 shares of the company’s stock valued at $89,175,000 after buying an additional 250,000 shares during the period. Geode Capital Management LLC raised its stake in shares of GXO Logistics by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,982,920 shares of the company’s stock valued at $103,279,000 after buying an additional 29,992 shares in the last quarter. Finally, River Road Asset Management LLC lifted its holdings in shares of GXO Logistics by 40.4% during the 3rd quarter. River Road Asset Management LLC now owns 1,308,532 shares of the company’s stock worth $68,135,000 after acquiring an additional 376,704 shares during the period. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Trading Down 1.3 %

NYSE GXO opened at $40.78 on Thursday. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 36.41, a PEG ratio of 1.34 and a beta of 1.60. GXO Logistics, Inc. has a 52 week low of $34.51 and a 52 week high of $63.33. The stock’s 50 day moving average price is $43.13 and its two-hundred day moving average price is $50.26. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83.

GXO Logistics (NYSE:GXO) last announced its earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. As a group, analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on GXO shares. UBS Group lowered their target price on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Loop Capital cut shares of GXO Logistics from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $71.00 to $49.00 in a research note on Monday, February 3rd. Wells Fargo & Company reduced their price objective on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. TD Cowen increased their price objective on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Barclays decreased their price target on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.62.

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.