Yousif Capital Management LLC Sells 671 Shares of GXO Logistics, Inc. (NYSE:GXO)

Yousif Capital Management LLC lowered its stake in GXO Logistics, Inc. (NYSE:GXO) by 1.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 42,909 shares of the company’s stock after selling 671 shares during the period. Yousif Capital Management LLC’s holdings in GXO Logistics were worth $1,677,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of GXO. Rhumbline Advisers lifted its holdings in shares of GXO Logistics by 3.2% during the fourth quarter. Rhumbline Advisers now owns 329,829 shares of the company’s stock worth $14,348,000 after buying an additional 10,159 shares in the last quarter. Truist Financial Corp increased its position in GXO Logistics by 4.0% during the fourth quarter. Truist Financial Corp now owns 17,581 shares of the company’s stock worth $765,000 after acquiring an additional 675 shares during the period. Peregrine Capital Management LLC increased its position in GXO Logistics by 1.5% during the fourth quarter. Peregrine Capital Management LLC now owns 155,493 shares of the company’s stock worth $6,764,000 after acquiring an additional 2,357 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in GXO Logistics by 152.9% in the 4th quarter. Illinois Municipal Retirement Fund now owns 53,648 shares of the company’s stock valued at $2,334,000 after purchasing an additional 32,433 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in GXO Logistics by 11.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 78,922 shares of the company’s stock valued at $3,433,000 after purchasing an additional 7,889 shares during the period. 90.67% of the stock is owned by institutional investors.

GXO Logistics Stock Performance

GXO Logistics stock opened at $43.27 on Tuesday. 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 stock has a market cap of $4.95 billion, a PE ratio of 38.63, a P/E/G ratio of 1.34 and a beta of 1.59. GXO Logistics, Inc. has a 12-month low of $30.46 and a 12-month high of $63.33. The business’s 50-day moving average price is $38.80 and its two-hundred day moving average price is $41.28.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.94 billion. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. The firm’s revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. As a group, analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Oppenheimer lowered their target price on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Citigroup reduced their price target on GXO Logistics from $51.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft initiated coverage on GXO Logistics in a report on Friday, March 7th. They issued a “hold” rating and a $45.00 price objective for the company. Finally, Truist Financial cut their target price on GXO Logistics from $40.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.57.

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.