Nisa Investment Advisors LLC Decreases Stake in GXO Logistics, Inc. (NYSE:GXO)

Nisa Investment Advisors LLC reduced its stake in GXO Logistics, Inc. (NYSE:GXO) by 34.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,089 shares of the company’s stock after selling 1,115 shares during the period. Nisa Investment Advisors LLC’s holdings in GXO Logistics were worth $82,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of GXO. GAMMA Investing LLC increased its stake in shares of GXO Logistics by 57.0% during the first quarter. GAMMA Investing LLC now owns 832 shares of the company’s stock valued at $33,000 after buying an additional 302 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of GXO Logistics during the first quarter valued at approximately $34,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of GXO Logistics during the fourth quarter valued at approximately $41,000. Summit Securities Group LLC increased its stake in shares of GXO Logistics by 870.9% during the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock valued at $44,000 after buying an additional 897 shares during the period. Finally, Quarry LP increased its stake in shares of GXO Logistics by 1,334.9% during the fourth quarter. Quarry LP now owns 1,234 shares of the company’s stock valued at $54,000 after buying an additional 1,148 shares during the period. 90.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GXO shares. Truist Financial raised GXO Logistics from a “hold” rating to a “buy” rating and boosted their target price for the company from $48.00 to $62.00 in a research note on Friday, July 11th. Stifel Nicolaus lifted their price target on GXO Logistics from $63.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Barclays lifted their price target on GXO Logistics from $45.00 to $52.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Susquehanna restated a “positive” rating and set a $58.00 price target (up from $57.00) on shares of GXO Logistics in a research report on Tuesday, June 24th. Finally, Citigroup lifted their price target on GXO Logistics from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $57.43.

GXO Logistics Trading Down 1.9%

GXO Logistics stock opened at $50.40 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.88. The business’s fifty day simple moving average is $45.25 and its two-hundred day simple moving average is $41.69. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $63.33. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 81.29, a price-to-earnings-growth ratio of 1.87 and a beta of 1.64.

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 analysts’ consensus estimates of $0.26 by $0.03. The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.94 billion. GXO Logistics had a return on equity of 10.49% and a net margin of 0.61%. The company’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. As a group, equities analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

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.