Mutual of America Capital Management LLC Sells 1,614 Shares of GXO Logistics, Inc. (NYSE:GXO)

Mutual of America Capital Management LLC cut its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,501 shares of the company’s stock after selling 1,614 shares during the period. Mutual of America Capital Management LLC owned approximately 0.05% of GXO Logistics worth $2,403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GXO. GAMMA Investing LLC lifted its holdings in shares of GXO Logistics by 57.0% in the first quarter. GAMMA Investing LLC now owns 832 shares of the company’s stock valued at $33,000 after purchasing an additional 302 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of GXO Logistics in the first quarter valued at about $34,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of GXO Logistics in the fourth quarter valued at about $41,000. Summit Securities Group LLC lifted its holdings in shares of GXO Logistics by 870.9% in the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock valued at $44,000 after purchasing an additional 897 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of GXO Logistics by 1,334.9% in the fourth quarter. Quarry LP now owns 1,234 shares of the company’s stock valued at $54,000 after purchasing an additional 1,148 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Stock Performance

NYSE GXO opened at $50.40 on Friday. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 81.29, a PEG ratio of 1.84 and a beta of 1.64. GXO Logistics, Inc. has a twelve month low of $30.46 and a twelve month high of $63.33. The stock has a fifty day simple moving average of $45.25 and a 200 day simple moving average of $41.68. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.88.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data 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 net margin of 0.61% and a return on equity of 10.49%. The company had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the firm earned $0.45 EPS. The business’s revenue was up 21.2% on a year-over-year basis. Sell-side analysts expect that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on GXO. Barclays lifted their target price 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. Wells Fargo & Company lifted their target price on GXO Logistics from $48.00 to $57.00 and gave the company an “overweight” rating in a research report on Monday, July 7th. Susquehanna reaffirmed a “positive” rating and issued a $58.00 target price (up previously from $57.00) on shares of GXO Logistics in a research report on Tuesday, June 24th. Truist Financial raised GXO Logistics from a “hold” rating to a “buy” rating and lifted their target price for the company from $48.00 to $62.00 in a research report on Friday, July 11th. Finally, Stifel Nicolaus lifted their target price on GXO Logistics from $63.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $57.43.

About GXO Logistics

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.