Sigma Planning Corp Sells 534 Shares of GXO Logistics, Inc. (NYSE:GXO)

Sigma Planning Corp trimmed its holdings in GXO Logistics, Inc. (NYSE:GXO) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,546 shares of the company’s stock after selling 534 shares during the period. Sigma Planning Corp’s holdings in GXO Logistics were worth $502,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. DekaBank Deutsche Girozentrale purchased a new position in GXO Logistics during the 3rd quarter valued at about $28,000. Hara Capital LLC bought a new stake in shares of GXO Logistics in the 3rd quarter worth approximately $50,000. R Squared Ltd purchased a new stake in shares of GXO Logistics during the fourth quarter valued at $54,000. Nomura Asset Management Co. Ltd. lifted its holdings 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 buying an additional 290 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in GXO Logistics by 213.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock worth $60,000 after purchasing an additional 933 shares during the period. 90.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GXO. UBS Group cut their price target on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Loop Capital downgraded GXO Logistics from a “buy” rating to a “hold” rating and dropped their price objective for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 price target (down previously from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Barclays lowered their price target on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Finally, Oppenheimer lowered their price target on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Four equities research 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 has an average rating of “Moderate Buy” and a consensus target price of $57.62.

GXO Logistics Stock Down 2.5 %

NYSE:GXO opened at $39.76 on Friday. GXO Logistics, Inc. has a one year low of $34.51 and a one year high of $63.33. The stock has a 50-day simple moving average of $43.07 and a 200 day simple moving average of $50.19. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 35.50, a price-to-earnings-growth ratio of 1.34 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last issued its quarterly 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%. Sell-side analysts predict 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.