Douglas Lane & Associates LLC Has $20.99 Million Holdings in GXO Logistics, Inc. $GXO

Douglas Lane & Associates LLC cut its holdings in GXO Logistics, Inc. (NYSE:GXO) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 398,682 shares of the company’s stock after selling 21,169 shares during the period. Douglas Lane & Associates LLC owned about 0.35% of GXO Logistics worth $20,987,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC increased its holdings in GXO Logistics by 1.8% during the third quarter. Ashton Thomas Private Wealth LLC now owns 11,319 shares of the company’s stock worth $599,000 after buying an additional 202 shares during the last quarter. GAMMA Investing LLC increased its position in GXO Logistics by 14.3% during the fourth quarter. GAMMA Investing LLC now owns 1,634 shares of the company’s stock worth $86,000 after buying an additional 205 shares during the last quarter. Fifth Third Bancorp increased its position in GXO Logistics by 22.0% during the third quarter. Fifth Third Bancorp now owns 1,213 shares of the company’s stock worth $64,000 after buying an additional 219 shares during the last quarter. First Bank & Trust increased its position in GXO Logistics by 4.0% during the fourth quarter. First Bank & Trust now owns 5,696 shares of the company’s stock worth $300,000 after buying an additional 219 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of GXO Logistics by 2.0% in the second quarter. Hsbc Holdings PLC now owns 12,780 shares of the company’s stock valued at $622,000 after purchasing an additional 253 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Trading Down 1.3%

GXO stock opened at $55.97 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.85 and a current ratio of 0.85. The company’s 50-day simple moving average is $57.24 and its 200 day simple moving average is $54.71. GXO Logistics, Inc. has a 52 week low of $32.57 and a 52 week high of $66.85. The company has a market capitalization of $6.42 billion, a PE ratio of 186.56, a price-to-earnings-growth ratio of 1.92 and a beta of 1.66.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. GXO Logistics had a net margin of 0.24% and a return on equity of 9.83%. The business had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the prior year, the company posted $1.00 earnings per share. GXO Logistics’s revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Wall Street Analyst Weigh In

GXO has been the topic of several research reports. Wells Fargo & Company upped their price objective on shares of GXO Logistics from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Citigroup upped their price objective on shares of GXO Logistics from $66.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Stifel Nicolaus set a $70.00 price objective on shares of GXO Logistics in a report on Thursday, February 12th. Susquehanna reiterated a “positive” rating and issued a $82.00 price objective on shares of GXO Logistics in a report on Thursday, February 12th. Finally, Truist Financial upped their price objective on shares of GXO Logistics from $65.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, GXO Logistics currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.17.

GXO Logistics Company Profile

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.