Mutual of America Capital Management LLC Sells 3,808 Shares of GXO Logistics, Inc. (NYSE:GXO)

Mutual of America Capital Management LLC lowered its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 73,307 shares of the company’s stock after selling 3,808 shares during the quarter. Mutual of America Capital Management LLC’s holdings in GXO Logistics were worth $4,483,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Impax Asset Management Group plc boosted its position in shares of GXO Logistics by 64.7% during the 4th quarter. Impax Asset Management Group plc now owns 12,295 shares of the company’s stock worth $752,000 after purchasing an additional 4,828 shares in the last quarter. Moody Aldrich Partners LLC bought a new position in shares of GXO Logistics during the 4th quarter worth about $352,000. Sequoia Financial Advisors LLC bought a new position in shares of GXO Logistics during the 4th quarter worth about $879,000. International Assets Investment Management LLC bought a new position in shares of GXO Logistics during the 4th quarter worth about $554,000. Finally, Arlington Trust Co LLC bought a new position in shares of GXO Logistics during the 4th quarter worth about $246,000. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Trading Down 1.3 %

NYSE:GXO opened at $50.21 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 2.15 and a beta of 1.64. GXO Logistics, Inc. has a 52 week low of $48.12 and a 52 week high of $67.57. The firm has a 50-day moving average price of $52.07 and a two-hundred day moving average price of $54.92.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $0.83 EPS. On average, equities analysts expect that GXO Logistics, Inc. will post 2.77 earnings per share for the current fiscal year.

Insider Buying and Selling at GXO Logistics

In other news, Director Gena L. Ashe sold 4,737 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $50.00, for a total transaction of $236,850.00. Following the completion of the sale, the director now owns 20,851 shares in the company, valued at approximately $1,042,550. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

GXO has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price objective on shares of GXO Logistics from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. TD Cowen raised their price target on shares of GXO Logistics from $70.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Citigroup dropped their price target on shares of GXO Logistics from $66.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Susquehanna raised their price target on shares of GXO Logistics from $73.00 to $75.00 and gave the company a “positive” rating in a research report on Thursday, February 15th. Finally, JPMorgan Chase & Co. dropped their price target on shares of GXO Logistics from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $69.17.

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.