GXO Logistics, Inc. (NYSE:GXO) Stock Holdings Lowered by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lowered its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 3.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 34,342 shares of the company’s stock after selling 1,259 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in GXO Logistics were worth $1,734,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of GXO. Bayberry Capital Partners LP lifted its holdings in GXO Logistics by 46.9% in the fourth quarter. Bayberry Capital Partners LP now owns 238,000 shares of the company’s stock worth $14,556,000 after purchasing an additional 76,000 shares during the period. Retirement Systems of Alabama lifted its holdings in GXO Logistics by 6.1% in the first quarter. Retirement Systems of Alabama now owns 318,034 shares of the company’s stock worth $17,098,000 after purchasing an additional 18,184 shares during the period. George Kaiser Family Foundation acquired a new stake in GXO Logistics in the first quarter worth about $1,014,000. Fort Pitt Capital Group LLC lifted its holdings in GXO Logistics by 60.4% in the first quarter. Fort Pitt Capital Group LLC now owns 1,853,549 shares of the company’s stock worth $99,647,000 after purchasing an additional 698,180 shares during the period. Finally, Swedbank AB lifted its holdings in GXO Logistics by 15.9% in the second quarter. Swedbank AB now owns 1,825,000 shares of the company’s stock worth $92,162,000 after purchasing an additional 250,000 shares during the period. Institutional investors own 90.67% of the company’s stock.

Insider Buying and Selling

In other news, CEO Malcolm Wilson acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were purchased at an average price of $49.95 per share, for a total transaction of $499,500.00. Following the completion of the acquisition, the chief executive officer now owns 100,814 shares of the company’s stock, valued at approximately $5,035,659.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

GXO Logistics Trading Up 1.4 %

NYSE:GXO opened at $50.05 on Tuesday. The stock’s 50 day moving average price is $50.63 and its 200 day moving average price is $50.71. GXO Logistics, Inc. has a 52 week low of $46.07 and a 52 week high of $65.48. The company has a market capitalization of $5.98 billion, a P/E ratio of 36.01, a P/E/G ratio of 1.50 and a beta of 1.60. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.86 and a current ratio of 0.86.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the company posted $0.70 EPS. The company’s quarterly revenue was up 18.9% on a year-over-year basis. On average, research analysts forecast that GXO Logistics, Inc. will post 2.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $74.00 price target on shares of GXO Logistics in a report on Wednesday, May 15th. Morgan Stanley reissued an “overweight” rating and issued a $70.00 price target on shares of GXO Logistics in a report on Tuesday, May 14th. UBS Group cut their price target on shares of GXO Logistics from $71.00 to $66.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Wells Fargo & Company initiated coverage on shares of GXO Logistics in a research note on Friday, June 7th. They set an “overweight” rating and a $58.00 price objective for the company. Finally, TD Cowen upped their price objective on shares of GXO Logistics from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.45.

GXO Logistics 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.