Mutual of America Capital Management LLC Reduces Holdings in GXO Logistics, Inc. (NYSE:GXO)

Mutual of America Capital Management LLC trimmed its stake in GXO Logistics, Inc. (NYSE:GXO) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,115 shares of the company’s stock after selling 1,452 shares during the period. Mutual of America Capital Management LLC owned approximately 0.05% of GXO Logistics worth $2,746,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Stifel Financial Corp grew its position in shares of GXO Logistics by 95.8% in the 3rd quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock valued at $3,960,000 after buying an additional 37,197 shares during the last quarter. Douglas Lane & Associates LLC grew its position in GXO Logistics by 6.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock worth $20,904,000 after purchasing an additional 31,015 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in GXO Logistics by 2.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company’s stock worth $26,153,000 after purchasing an additional 12,208 shares during the last quarter. Tidal Investments LLC purchased a new position in GXO Logistics during the 3rd quarter worth $667,000. Finally, Barclays PLC boosted its holdings in shares of GXO Logistics by 28.9% in the third quarter. Barclays PLC now owns 62,545 shares of the company’s stock valued at $3,256,000 after acquiring an additional 14,020 shares in the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GXO has been the topic of several analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Wells Fargo & Company cut their target price on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Oppenheimer reduced their price objective on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. The Goldman Sachs Group reduced their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, UBS Group dropped their price target on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, GXO Logistics has a consensus rating of “Moderate Buy” and an average target price of $57.62.

GXO Logistics Price Performance

GXO opened at $38.35 on Friday. The company has a fifty day simple moving average of $42.67 and a 200 day simple moving average of $49.87. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 34.24, a PEG ratio of 1.34 and a beta of 1.62. 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.

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

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.