First Horizon Advisors Inc. Decreases Stock Position in GXO Logistics, Inc. (NYSE:GXO)

First Horizon Advisors Inc. decreased its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 36.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 597 shares of the company’s stock after selling 344 shares during the quarter. First Horizon Advisors Inc.’s holdings in GXO Logistics were worth $26,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GXO. Vaughan Nelson Investment Management L.P. purchased a new position in GXO Logistics during the fourth quarter worth approximately $47,626,000. Global Alpha Capital Management Ltd. purchased a new position in GXO Logistics during the third quarter worth approximately $32,434,000. Brown Brothers Harriman & Co. lifted its position in GXO Logistics by 105.0% during the third quarter. Brown Brothers Harriman & Co. now owns 968,267 shares of the company’s stock worth $50,418,000 after buying an additional 495,829 shares in the last quarter. River Road Asset Management LLC lifted its position in GXO Logistics by 40.4% during the third quarter. River Road Asset Management LLC now owns 1,308,532 shares of the company’s stock worth $68,135,000 after buying an additional 376,704 shares in the last quarter. Finally, Life Planning Partners Inc lifted its position in GXO Logistics by 4,250.0% during the fourth quarter. Life Planning Partners Inc now owns 263,393 shares of the company’s stock worth $11,458,000 after buying an additional 257,338 shares in the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GXO. Oppenheimer reduced their price objective on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. The Goldman Sachs Group cut their target price on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Barclays cut their target price on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company cut their target price on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Finally, Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and cut their target price for the stock from $71.00 to $49.00 in a research note on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.62.

GXO Logistics Trading Down 0.9 %

Shares of NYSE GXO opened at $39.38 on Friday. GXO Logistics, Inc. has a twelve month low of $34.51 and a twelve month high of $63.33. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. The stock has a fifty day simple moving average of $43.01 and a 200-day simple moving average of $50.14. The stock has a market capitalization of $4.71 billion, a PE ratio of 35.16, a PEG ratio of 1.34 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last released its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. On average, equities analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

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.