1492 Capital Management LLC Sells 5,978 Shares of GXO Logistics, Inc. (NYSE:GXO)

1492 Capital Management LLC reduced its stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 16.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,927 shares of the company's stock after selling 5,978 shares during the quarter. 1492 Capital Management LLC's holdings in GXO Logistics were worth $1,170,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GXO. Vanguard Group Inc. raised its stake in GXO Logistics by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company's stock worth $492,977,000 after acquiring an additional 212,254 shares during the period. Clearbridge Investments LLC raised its stake in GXO Logistics by 3.8% during the 4th quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company's stock worth $183,924,000 after acquiring an additional 153,522 shares during the period. Dimensional Fund Advisors LP raised its stake in GXO Logistics by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,798,170 shares of the company's stock worth $121,718,000 after acquiring an additional 50,682 shares during the period. Kovitz Investment Group Partners LLC raised its stake in GXO Logistics by 28,112.6% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company's stock worth $114,036,000 after acquiring an additional 2,612,223 shares during the period. Finally, Spruce House Investment Management LLC raised its stake in GXO Logistics by 133.3% during the 4th quarter. Spruce House Investment Management LLC now owns 2,100,000 shares of the company's stock worth $91,350,000 after acquiring an additional 1,200,000 shares during the period. 90.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GXO has been the subject of several recent analyst reports. Barclays upped their price target on GXO Logistics from $45.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Wells Fargo & Company upped their price target on GXO Logistics from $48.00 to $57.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Stifel Nicolaus upped their price target on GXO Logistics from $63.00 to $67.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Susquehanna restated a "positive" rating and issued a $58.00 price target (up from $57.00) on shares of GXO Logistics in a research note on Tuesday, June 24th. Finally, JPMorgan Chase & Co. lifted their price objective on GXO Logistics from $52.00 to $56.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, GXO Logistics has an average rating of "Moderate Buy" and an average target price of $57.43.

GXO Logistics Trading Up 1.5%

GXO traded up $0.80 during trading on Friday, reaching $52.57. The company had a trading volume of 669,087 shares, compared to its average volume of 1,047,507. The stock has a market cap of $6.02 billion, a P/E ratio of 84.79, a PEG ratio of 1.92 and a beta of 1.64. The business has a 50 day simple moving average of $46.28 and a 200-day simple moving average of $41.92. GXO Logistics, Inc. has a 52 week low of $30.46 and a 52 week high of $63.33. 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 - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. GXO Logistics had a return on equity of 10.49% and a net margin of 0.61%. GXO Logistics's revenue was up 21.2% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. On average, equities analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

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.