GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 13.3% in the 4th quarter, HoldingsChannel reports. The firm owned 45,975 shares of the company’s stock after selling 7,056 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in GXO Logistics were worth $2,000,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. grew its stake in GXO Logistics by 33.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock worth $60,000 after purchasing an additional 290 shares in the last quarter. R Squared Ltd purchased a new stake in GXO Logistics during the 4th quarter worth about $54,000. Wilmington Savings Fund Society FSB purchased a new stake in GXO Logistics during the 3rd quarter worth about $71,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in 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 worth $60,000 after buying an additional 933 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in GXO Logistics during the 3rd quarter worth about $106,000. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Stock Performance

Shares of GXO stock opened at $40.26 on Monday. The stock has a market capitalization of $4.81 billion, a PE ratio of 35.94, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62. GXO Logistics, Inc. has a 52-week low of $34.51 and a 52-week high of $63.33. The stock’s 50-day moving average price is $42.08 and its 200 day moving average price is $49.43. 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 earnings results 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%. As a group, equities research analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on GXO shares. Barclays decreased their price target on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. UBS Group decreased their price target on GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a report on Friday, February 14th. Oppenheimer reduced their target price on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Wells Fargo & Company reduced their target price on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $66.00 target price (down from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Six 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.60.

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.