Sigma Planning Corp Has $228,000 Stock Position in GXO Logistics, Inc. (NYSE:GXO)

Sigma Planning Corp trimmed its position in GXO Logistics, Inc. (NYSE:GXO) by 53.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,734 shares of the company’s stock after selling 4,232 shares during the quarter. Sigma Planning Corp’s holdings in GXO Logistics were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. DekaBank Deutsche Girozentrale bought a new stake in shares of GXO Logistics in the 3rd quarter worth approximately $31,000. CWM LLC raised its holdings in shares of GXO Logistics by 28.1% in the 4th quarter. CWM LLC now owns 1,778 shares of the company’s stock worth $109,000 after buying an additional 390 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of GXO Logistics by 81.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,912 shares of the company’s stock worth $112,000 after buying an additional 861 shares in the last quarter. U S Global Investors Inc. raised its holdings in shares of GXO Logistics by 42.5% in the 4th quarter. U S Global Investors Inc. now owns 2,472 shares of the company’s stock worth $151,000 after buying an additional 737 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd raised its holdings in shares of GXO Logistics by 108.8% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,909 shares of the company’s stock worth $171,000 after buying an additional 1,516 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Stock Performance

GXO stock opened at $50.51 on Monday. The business’s 50-day moving average price is $50.97 and its two-hundred day moving average price is $54.51. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.55. The firm has a market cap of $6.03 billion, a PE ratio of 26.45, a P/E/G ratio of 2.12 and a beta of 1.64. GXO Logistics, Inc. has a 1-year low of $48.11 and a 1-year high of $67.57.

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 for the quarter, compared to analyst estimates of $2.55 billion. GXO Logistics had a return on equity of 10.94% and a net margin of 2.34%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 earnings per share. As a group, research analysts forecast that GXO Logistics, Inc. will post 2.78 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GXO shares. BNP Paribas raised GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price target for the company in a report on Wednesday, March 27th. Loop Capital lowered their target price on GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Susquehanna lifted their target price on GXO Logistics from $73.00 to $75.00 and gave the company a “positive” rating in a research note on Thursday, February 15th. Stifel Nicolaus lifted their target price on GXO Logistics from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, Citigroup lowered their target price on GXO Logistics from $66.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, GXO Logistics presently has a consensus rating of “Moderate Buy” and an average target price of $69.69.

Insiders Place Their Bets

In other GXO Logistics news, Director Gena L. Ashe sold 4,737 shares of GXO Logistics stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $50.00, for a total transaction of $236,850.00. Following the transaction, the director now directly owns 20,851 shares in the company, valued at $1,042,550. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

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.