Amalgamated Bank Trims Position in GXO Logistics, Inc. (NYSE:GXO)

Amalgamated Bank decreased its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 2.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,388 shares of the company’s stock after selling 1,394 shares during the quarter. Amalgamated Bank’s holdings in GXO Logistics were worth $2,165,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in GXO Logistics by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company’s stock worth $492,977,000 after buying an additional 212,254 shares during the period. Clearbridge Investments LLC increased its stake in shares of GXO Logistics by 3.8% during the 4th quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company’s stock valued at $183,924,000 after acquiring an additional 153,522 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of GXO Logistics by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,798,170 shares of the company’s stock worth $121,718,000 after acquiring an additional 50,682 shares during the period. Kovitz Investment Group Partners LLC boosted its position in shares of GXO Logistics by 28,112.6% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company’s stock worth $114,036,000 after acquiring an additional 2,612,223 shares during the last quarter. Finally, Spruce House Investment Management LLC grew its holdings in GXO Logistics by 133.3% in the fourth quarter. Spruce House Investment Management LLC now owns 2,100,000 shares of the company’s stock valued at $91,350,000 after purchasing an additional 1,200,000 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GXO shares. Wells Fargo & Company increased their price target on shares of GXO Logistics from $44.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, June 20th. Truist Financial increased their target price on GXO Logistics from $40.00 to $48.00 and gave the stock a “hold” rating in a research report on Monday, June 30th. Susquehanna reissued a “positive” rating and set a $58.00 price target (up previously from $57.00) on shares of GXO Logistics in a research report on Tuesday, June 24th. Stifel Nicolaus raised their price objective on GXO Logistics from $63.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Finally, Citigroup decreased their target price on GXO Logistics from $51.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $54.79.

GXO Logistics Stock Performance

GXO Logistics stock opened at $51.05 on Friday. GXO Logistics, Inc. has a 12-month low of $30.46 and a 12-month high of $63.33. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 82.34, a price-to-earnings-growth ratio of 2.36 and a beta of 1.64. The firm’s fifty day moving average price is $42.51 and its 200 day moving average price is $41.09.

GXO Logistics (NYSE:GXO) last announced its earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. GXO Logistics had a return on equity of 10.49% and a net margin of 0.61%. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the company earned $0.45 earnings per share. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. On average, research analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal 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.