GXO Logistics (NYSE:GXO) Reaches New 1-Year Low on Analyst Downgrade

GXO Logistics, Inc. (NYSE:GXO) hit a new 52-week low during mid-day trading on Thursday after Loop Capital lowered their price target on the stock from $76.00 to $74.00. Loop Capital currently has a buy rating on the stock. GXO Logistics traded as low as $48.11 and last traded at $48.16, with a volume of 689479 shares trading hands. The stock had previously closed at $48.85.

Other equities research analysts have also recently issued reports about the stock. Citigroup decreased their price objective on shares of GXO Logistics from $66.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. JPMorgan Chase & Co. decreased their price objective on shares of GXO Logistics from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Susquehanna increased their price objective on shares of GXO Logistics from $73.00 to $75.00 and gave the stock a “positive” rating in a research report on Thursday, February 15th. BNP Paribas upgraded shares of GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price objective for the company in a research report on Wednesday, March 27th. Finally, 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. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.54.

Insider Buying and Selling at GXO Logistics

In other GXO Logistics news, Director Gena L. Ashe sold 4,737 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $50.00, for a total value of $236,850.00. Following the transaction, the director now directly owns 20,851 shares of the company’s stock, valued at $1,042,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GXO. Payden & Rygel Investment Group purchased a new stake in GXO Logistics during the third quarter worth about $18,272,000. Amalgamated Bank increased its holdings in GXO Logistics by 13.9% during the third quarter. Amalgamated Bank now owns 87,426 shares of the company’s stock worth $5,128,000 after buying an additional 10,660 shares during the last quarter. Retirement Planning Co of New England Inc. increased its holdings in GXO Logistics by 79.0% during the third quarter. Retirement Planning Co of New England Inc. now owns 22,978 shares of the company’s stock worth $1,348,000 after buying an additional 10,141 shares during the last quarter. WASHINGTON TRUST Co increased its holdings in GXO Logistics by 17.0% during the fourth quarter. WASHINGTON TRUST Co now owns 184,697 shares of the company’s stock worth $11,296,000 after buying an additional 26,831 shares during the last quarter. Finally, UBS Group AG increased its holdings in GXO Logistics by 30.4% during the third quarter. UBS Group AG now owns 118,469 shares of the company’s stock worth $6,948,000 after buying an additional 27,616 shares during the last quarter. 90.67% of the stock is owned by institutional investors.

GXO Logistics Price Performance

The firm has a market cap of $5.75 billion, a PE ratio of 25.21, a P/E/G ratio of 2.11 and a beta of 1.64. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.98 and a quick ratio of 0.98. The business’s fifty day moving average is $51.67 and its 200-day moving average is $54.77.

GXO Logistics (NYSE:GXO) last posted its earnings results on Tuesday, February 13th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate 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 was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $0.83 earnings per share. On average, research analysts predict that GXO Logistics, Inc. will post 2.77 earnings per share for the current fiscal year.

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.