GXO Logistics, Inc. $GXO Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 12.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,074 shares of the company’s stock after selling 2,458 shares during the quarter. Bank of Montreal Can’s holdings in GXO Logistics were worth $880,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings in shares of GXO Logistics by 2,460.7% in the first quarter. Larson Financial Group LLC now owns 717 shares of the company’s stock valued at $28,000 after buying an additional 689 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in GXO Logistics by 72.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company’s stock worth $37,000 after acquiring an additional 396 shares during the period. Hantz Financial Services Inc. raised its position in GXO Logistics by 1,964.4% in the second quarter. Hantz Financial Services Inc. now owns 929 shares of the company’s stock worth $45,000 after acquiring an additional 884 shares in the last quarter. GAMMA Investing LLC lifted its holdings in GXO Logistics by 34.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,115 shares of the company’s stock valued at $54,000 after acquiring an additional 283 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in GXO Logistics by 63.2% in the 1st quarter. Covestor Ltd now owns 1,645 shares of the company’s stock valued at $64,000 after acquiring an additional 637 shares during the last quarter. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Performance

Shares of GXO Logistics stock opened at $49.50 on Friday. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $61.90. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.73. The stock has a market cap of $5.67 billion, a PE ratio of 65.13, a price-to-earnings-growth ratio of 2.03 and a beta of 1.64. The business has a fifty day simple moving average of $52.75 and a 200-day simple moving average of $49.03.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.01. GXO Logistics had a return on equity of 10.45% and a net margin of 0.69%.The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period in the previous year, the firm earned $0.79 earnings per share. GXO Logistics’s quarterly revenue was up 7.5% on a year-over-year basis. GXO Logistics has set its FY 2025 guidance at 2.430-2.630 EPS. On average, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Analyst Ratings Changes

GXO has been the topic of several recent research reports. UBS Group lifted their price objective on shares of GXO Logistics from $58.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Deutsche Bank Aktiengesellschaft raised GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a report on Thursday, November 6th. Susquehanna reissued a “positive” rating and set a $64.00 price objective on shares of GXO Logistics in a research note on Thursday, November 6th. JPMorgan Chase & Co. lifted their target price on GXO Logistics from $66.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Finally, Truist Financial set a $65.00 target price on GXO Logistics in a report on Tuesday, October 14th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $61.77.

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.