GXO Logistics, Inc. $GXO Shares Sold by Axa S.A.

Axa S.A. lessened its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 16.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,000,759 shares of the company’s stock after selling 197,047 shares during the period. Axa S.A. owned about 0.87% of GXO Logistics worth $48,737,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Orbis Allan Gray Ltd grew its stake in shares of GXO Logistics by 6.5% during the first quarter. Orbis Allan Gray Ltd now owns 13,473,172 shares of the company’s stock worth $526,532,000 after purchasing an additional 818,353 shares in the last quarter. Vanguard Group Inc. lifted its holdings in GXO Logistics by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 11,370,657 shares of the company’s stock worth $444,365,000 after buying an additional 37,852 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of GXO Logistics by 29.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,608,468 shares of the company’s stock worth $141,021,000 after acquiring an additional 810,298 shares in the last quarter. Kovitz Investment Group Partners LLC increased its holdings in shares of GXO Logistics by 27.0% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 3,330,176 shares of the company’s stock valued at $130,143,000 after acquiring an additional 708,661 shares during the last quarter. Finally, River Road Asset Management LLC increased its holdings in shares of GXO Logistics by 5.4% in the 2nd quarter. River Road Asset Management LLC now owns 2,967,046 shares of the company’s stock valued at $147,492,000 after acquiring an additional 152,561 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at GXO Logistics

In related news, Director Todd C. Cooper purchased 6,000 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The stock was purchased at an average cost of $50.59 per share, with a total value of $303,540.00. Following the completion of the acquisition, the director directly owned 10,040 shares in the company, valued at $507,923.60. This trade represents a 148.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 2.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. UBS Group upped their price target on GXO Logistics from $58.00 to $63.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Wells Fargo & Company upped their target price on shares of GXO Logistics from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Susquehanna reiterated a “positive” rating and set a $64.00 price target on shares of GXO Logistics in a research note on Thursday, November 6th. The Goldman Sachs Group raised shares of GXO Logistics from a “neutral” rating to a “buy” rating and boosted their price target for the company from $52.00 to $68.00 in a research report on Wednesday, September 24th. Finally, Truist Financial set a $65.00 price objective on shares of GXO Logistics in a research note on Tuesday, October 14th. Eleven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.69.

GXO Logistics Trading Down 0.8%

NYSE GXO opened at $52.45 on Wednesday. The firm’s fifty day moving average is $52.30 and its two-hundred day moving average is $50.35. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $57.99. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap of $6.01 billion, a PE ratio of 69.02, a P/E/G ratio of 2.17 and a beta of 1.65.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter last year, the company posted $0.79 earnings per share. The business’s 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. Analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current 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.