Townsquare Capital LLC Sells 972 Shares of GXO Logistics, Inc. (NYSE:GXO)

Townsquare Capital LLC decreased its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 9.4% in the 4th quarter, HoldingsChannel reports. The fund owned 9,397 shares of the company’s stock after selling 972 shares during the period. Townsquare Capital LLC’s holdings in GXO Logistics were worth $409,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Barclays PLC increased its stake in GXO Logistics by 28.9% during the 3rd quarter. Barclays PLC now owns 62,545 shares of the company’s stock valued at $3,256,000 after purchasing an additional 14,020 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of GXO Logistics in the 3rd quarter worth about $210,000. Wilmington Savings Fund Society FSB bought a new position in GXO Logistics in the 3rd quarter valued at about $71,000. Tidal Investments LLC acquired a new position in GXO Logistics during the 3rd quarter valued at about $667,000. Finally, Synovus Financial Corp increased its holdings in GXO Logistics by 10.8% during the 3rd quarter. Synovus Financial Corp now owns 9,018 shares of the company’s stock worth $470,000 after purchasing an additional 882 shares in the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Price Performance

GXO Logistics stock opened at $33.89 on Monday. The business’s 50 day simple moving average is $38.02 and its 200 day simple moving average is $46.92. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $63.33. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 1.34 and a beta of 1.56. 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 posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share 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 forecast that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Morgan Stanley dropped their target price on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Wells Fargo & Company cut their price objective on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Barclays dropped their price target on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Citigroup reduced their price objective on shares of GXO Logistics from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Loop Capital cut shares of GXO Logistics from a “buy” rating to a “hold” rating and dropped their target price for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.93.

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.