Gena L. Ashe Sells 2,120 Shares of GXO Logistics, Inc. (NYSE:GXO) Stock

GXO Logistics, Inc. (NYSE:GXO – Get Rating) Director Gena L. Ashe sold 2,120 shares of the firm’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $52.73, for a total transaction of $111,787.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

GXO Logistics Stock Down 0.4 %

Shares of GXO Logistics stock opened at $52.20 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $6.19 billion, a PE ratio of 29.49, a price-to-earnings-growth ratio of 1.86 and a beta of 1.54. GXO Logistics, Inc. has a 52-week low of $32.10 and a 52-week high of $90.93. The company has a 50-day simple moving average of $45.04 and a two-hundred day simple moving average of $42.80.

GXO Logistics (NYSE:GXO – Get Rating) last announced its quarterly earnings results on Tuesday, November 8th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. GXO Logistics had a net margin of 2.36% and a return on equity of 12.90%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.29 billion. On average, analysts anticipate that GXO Logistics, Inc. will post 2.76 EPS for the current fiscal year.

Analyst Ratings Changes

GXO has been the subject of several research analyst reports. Cowen dropped their target price on shares of GXO Logistics from $67.00 to $62.00 and set an “outperform” rating for the company in a research report on Tuesday, September 27th. BNP Paribas initiated coverage on shares of GXO Logistics in a research report on Thursday, December 1st. They issued a “neutral” rating and a $40.00 target price for the company. Susquehanna Bancshares dropped their target price on shares of GXO Logistics from $55.00 to $54.00 in a research report on Thursday, November 10th. Susquehanna raised their target price on shares of GXO Logistics from $53.00 to $62.00 and gave the stock a “positive” rating in a research report on Thursday. Finally, Cowen lowered their price target on shares of GXO Logistics from $67.00 to $62.00 and set an “outperform” rating for the company in a research report on Tuesday, September 27th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, GXO Logistics currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Institutional Trading of GXO Logistics

Large investors have recently made changes to their positions in the stock. Ellevest Inc. grew its stake in shares of GXO Logistics by 337.7% in the second quarter. Ellevest Inc. now owns 696 shares of the company’s stock worth $30,000 after acquiring an additional 537 shares during the period. Wipfli Financial Advisors LLC bought a new stake in GXO Logistics during the third quarter valued at approximately $30,000. HBK Sorce Advisory LLC bought a new stake in GXO Logistics during the third quarter valued at approximately $31,000. Fifth Third Bancorp grew its position in GXO Logistics by 93.6% during the third quarter. Fifth Third Bancorp now owns 904 shares of the company’s stock valued at $32,000 after buying an additional 437 shares during the period. Finally, CWM LLC grew its position in GXO Logistics by 88.7% during the third quarter. CWM LLC now owns 955 shares of the company’s stock valued at $33,000 after buying an additional 449 shares during the period. 99.47% of the stock is currently owned by institutional investors.

GXO Logistics Company Profile

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GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, and other supply chain services, as well as reverse logistics or returns management services. As of December 31, 2021, it operated in approximately 906 facilities.