GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its position in GXO Logistics, Inc. (NYSE:GXO) by 29.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304,961 shares of the company’s stock after selling 130,114 shares during the quarter. Ameriprise Financial Inc. owned 0.26% of GXO Logistics worth $13,266,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new position in GXO Logistics in the 4th quarter worth $41,000. Summit Securities Group LLC lifted its holdings in GXO Logistics by 870.9% in the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock worth $44,000 after buying an additional 897 shares in the last quarter. Quarry LP lifted its holdings in GXO Logistics by 1,334.9% in the 4th quarter. Quarry LP now owns 1,234 shares of the company’s stock worth $54,000 after buying an additional 1,148 shares in the last quarter. R Squared Ltd acquired a new position in GXO Logistics in the 4th quarter worth $54,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in GXO Logistics by 213.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock worth $60,000 after buying an additional 933 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on GXO shares. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 price objective (down previously from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Loop Capital downgraded shares of GXO Logistics from a “buy” rating to a “hold” rating and dropped their target price for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. Oppenheimer dropped their target price on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. UBS Group dropped their target price on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Finally, Barclays dropped their target price on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, GXO Logistics presently has an average rating of “Moderate Buy” and an average price target of $54.57.

GXO Logistics Price Performance

Shares of NYSE:GXO opened at $42.27 on Friday. GXO Logistics, Inc. has a fifty-two week low of $30.46 and a fifty-two week high of $63.33. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The company has a market cap of $4.84 billion, a PE ratio of 37.74, a P/E/G ratio of 1.34 and a beta of 1.56. The firm has a 50-day simple moving average of $37.44 and a 200 day simple moving average of $44.05.

GXO Logistics (NYSE:GXO) last posted its earnings results on Wednesday, May 7th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.26 by $0.03. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. The firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the firm earned $0.45 EPS. GXO Logistics’s quarterly revenue was up 21.2% on a year-over-year basis. On average, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current 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.