GXO Logistics, Inc. (NYSE:GXO) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 34.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 19,391 shares of the company’s stock after selling 10,361 shares during the quarter. PNC Financial Services Group Inc.’s holdings in GXO Logistics were worth $844,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. KBC Group NV grew its position in GXO Logistics by 18.6% in the third quarter. KBC Group NV now owns 3,665 shares of the company’s stock worth $191,000 after acquiring an additional 576 shares during the period. Natixis Advisors LLC lifted its stake in shares of GXO Logistics by 15.0% in the 3rd quarter. Natixis Advisors LLC now owns 17,591 shares of the company’s stock valued at $916,000 after purchasing an additional 2,288 shares during the last quarter. Mount Lucas Management LP grew its holdings in shares of GXO Logistics by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 7,327 shares of the company’s stock worth $382,000 after purchasing an additional 173 shares during the period. Global Alpha Capital Management Ltd. acquired a new stake in shares of GXO Logistics during the 3rd quarter worth about $32,434,000. Finally, Primecap Management Co. CA raised its holdings in GXO Logistics by 0.9% in the 3rd quarter. Primecap Management Co. CA now owns 229,500 shares of the company’s stock valued at $11,950,000 after buying an additional 2,100 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Performance

Shares of GXO stock opened at $41.26 on Tuesday. The company has a market cap of $4.93 billion, a P/E ratio of 36.83, a PEG ratio of 1.34 and a beta of 1.62. The firm has a fifty day moving average price of $42.01 and a 200 day moving average price of $49.37. 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, Inc. has a 12 month low of $34.51 and a 12 month high of $63.33.

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

Wall Street Analyst Weigh In

GXO has been the subject of several research analyst reports. UBS Group lowered their target price on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, February 14th. The Goldman Sachs Group lowered their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft initiated coverage on GXO Logistics in a research report on Friday, March 7th. They issued a “hold” rating and a $45.00 target price on the stock. Wells Fargo & Company lowered their price target on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, GXO Logistics presently has an average rating of “Moderate Buy” and a consensus target price of $55.60.

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.