Victory Capital Management Inc. Sells 64,960 Shares of GXO Logistics, Inc. (NYSE:GXO)

Victory Capital Management Inc. lessened its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 13.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 404,431 shares of the company’s stock after selling 64,960 shares during the quarter. Victory Capital Management Inc.’s holdings in GXO Logistics were worth $24,735,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of GXO. DekaBank Deutsche Girozentrale bought a new stake in shares of GXO Logistics during the third quarter worth about $31,000. Headlands Technologies LLC acquired a new position in GXO Logistics during the 4th quarter valued at about $59,000. CWM LLC boosted its stake in GXO Logistics by 28.1% during the 4th quarter. CWM LLC now owns 1,778 shares of the company’s stock valued at $109,000 after purchasing an additional 390 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in GXO Logistics by 81.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,912 shares of the company’s stock worth $112,000 after purchasing an additional 861 shares in the last quarter. Finally, U S Global Investors Inc. raised its stake in shares of GXO Logistics by 42.5% in the fourth quarter. U S Global Investors Inc. now owns 2,472 shares of the company’s stock worth $151,000 after purchasing an additional 737 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

Insider Activity

In related 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 value of $236,850.00. Following the completion of the transaction, the director now directly owns 20,851 shares of the company’s stock, valued at approximately $1,042,550. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

GXO Logistics Price Performance

Shares of NYSE GXO opened at $50.95 on Thursday. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 2.11 and a beta of 1.63. The stock has a fifty day simple moving average of $50.55 and a two-hundred day simple moving average of $54.36. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.55. 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 quarterly earnings results on Tuesday, May 7th. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.38 billion. GXO Logistics had a return on equity of 10.94% and a net margin of 2.34%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 EPS. Analysts anticipate that GXO Logistics, Inc. will post 2.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GXO. TD Cowen lifted their target price on GXO Logistics from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Loop Capital reduced their target price on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. 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 upped 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. Finally, Stifel Nicolaus lifted their target price 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 equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.69.

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.