Douglas Lane & Associates LLC Trims Stake in GXO Logistics, Inc. $GXO

Douglas Lane & Associates LLC reduced its position in GXO Logistics, Inc. (NYSE:GXO) by 12.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 419,851 shares of the company’s stock after selling 60,450 shares during the period. Douglas Lane & Associates LLC owned about 0.37% of GXO Logistics worth $22,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chapman Financial Group LLC acquired a new position in GXO Logistics in the 2nd quarter worth about $34,000. Northwestern Mutual Wealth Management Co. lifted 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 valued at $37,000 after purchasing an additional 396 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of GXO Logistics by 1,964.4% during the second quarter. Hantz Financial Services Inc. now owns 929 shares of the company’s stock worth $45,000 after purchasing an additional 884 shares in the last quarter. GAMMA Investing LLC lifted its stake 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 buying an additional 283 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in GXO Logistics by 4,775.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock worth $78,000 after buying an additional 1,958 shares in the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Insider Activity

In related news, Director Todd C. Cooper bought 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, for a total transaction of $303,540.00. Following the completion of the acquisition, the director owned 10,040 shares in the company, valued at approximately $507,923.60. This trade represents a 148.51% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.30% of the company’s stock.

GXO Logistics Stock Up 0.3%

Shares of NYSE:GXO opened at $53.31 on Friday. The firm has a market capitalization of $6.10 billion, a PE ratio of 70.14, a price-to-earnings-growth ratio of 2.19 and a beta of 1.65. GXO Logistics, Inc. has a 1 year low of $30.46 and a 1 year high of $57.99. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.71 and a quick ratio of 0.71. The firm’s 50-day moving average is $52.19 and its two-hundred day moving average is $50.96.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The firm had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.39 billion. GXO Logistics had a net margin of 0.69% and a return on equity of 10.45%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 earnings per share. GXO Logistics has set its FY 2025 guidance at 2.430-2.630 EPS. Analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Wall Street Analyst Weigh In

GXO has been the topic of a number of research reports. The Goldman Sachs Group upgraded GXO Logistics from a “neutral” rating to a “buy” rating and raised their price objective for the company from $52.00 to $68.00 in a report on Wednesday, September 24th. Wells Fargo & Company boosted their price objective on GXO Logistics from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft raised shares of GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Thursday, November 6th. JPMorgan Chase & Co. increased their price target on shares of GXO Logistics from $66.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of GXO Logistics in a research report on Monday, December 15th. Eleven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.62.

About GXO Logistics

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.