HighTower Advisors LLC Has $334,000 Position in GXO Logistics, Inc. (NYSE:GXO)

HighTower Advisors LLC trimmed its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 8.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,475 shares of the company’s stock after selling 577 shares during the period. HighTower Advisors LLC’s holdings in GXO Logistics were worth $334,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale bought a new position in GXO Logistics during the third quarter worth $28,000. UMB Bank n.a. increased its stake in shares of GXO Logistics by 111.4% in the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company’s stock valued at $33,000 after purchasing an additional 331 shares during the last quarter. Signaturefd LLC grew its holdings in shares of GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after purchasing an additional 249 shares during the last quarter. Hara Capital LLC acquired a new stake in shares of GXO Logistics during the 3rd quarter valued at $50,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in GXO Logistics by 37.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock worth $54,000 after buying an additional 282 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Stock Performance

Shares of GXO stock opened at $41.93 on Tuesday. The firm’s 50 day moving average is $57.16 and its 200 day moving average is $52.84. The stock has a market capitalization of $5.01 billion, a P/E ratio of 46.59, a PEG ratio of 1.49 and a beta of 1.52. GXO Logistics, Inc. has a 12 month low of $41.58 and a 12 month high of $63.33. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period last year, the firm earned $0.69 EPS. On average, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GXO has been the subject of several analyst reports. TD Cowen raised their price target on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Citigroup began coverage on GXO Logistics in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective on the stock. Barclays reduced their target price on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. Oppenheimer lifted their price target on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, Susquehanna cut their price objective on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research report on Thursday, September 26th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.33.

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.