Signaturefd LLC Lowers Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Signaturefd LLC lessened its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 29.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 651 shares of the company’s stock after selling 267 shares during the quarter. Signaturefd LLC’s holdings in GXO Logistics were worth $28,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. R Squared Ltd purchased a new position in GXO Logistics during the fourth quarter worth about $54,000. Nomura Asset Management Co. Ltd. increased its stake in shares of GXO Logistics by 33.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock valued at $60,000 after acquiring an additional 290 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of GXO Logistics by 213.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock valued at $60,000 after acquiring an additional 933 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of GXO Logistics during the 3rd quarter worth about $71,000. Finally, Brooklyn Investment Group acquired a new stake in shares of GXO Logistics in the third quarter worth approximately $106,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on GXO shares. The Goldman Sachs Group dropped their price target 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 assumed coverage on GXO Logistics in a report on Friday, March 7th. They set a “hold” rating and a $45.00 price objective for the company. Wells Fargo & Company cut their target price on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Oppenheimer lowered their price target on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.60.

GXO Logistics Stock Down 0.6 %

Shares of NYSE:GXO opened at $40.26 on Wednesday. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 35.95, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62. The company has a 50 day moving average of $41.59 and a two-hundred day moving average of $49.02. GXO Logistics, Inc. has a 52-week low of $34.51 and a 52-week high of $63.33. The company has a quick ratio of 0.86, a current ratio of 0.83 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%. As a group, analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share 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.