Bank of America Corp DE Sells 51,334 Shares of GXO Logistics, Inc. $GXO

Key Points

• Bank of America reduced its GXO Logistics position by 12.5%, selling 51,334 shares during the first quarter while retaining 358,772 shares valued at approximately $18.6 million. Institutional investors and hedge funds collectively own 90.67% of the company.
• GXO shares opened at $46.35, near their 52-week low of $45.40 and down from recent moving averages. The company’s latest quarterly results slightly exceeded EPS expectations at $0.59, while revenue rose 4.3% year over year to $3.44 billion but fell short of estimates.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $63.93, despite several recent target-price reductions.

Bank of America Corp DE cut its position in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 12.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 358,772 shares of the company's stock after selling 51,334 shares during the quarter. Bank of America Corp DE owned 0.31% of GXO Logistics worth $18,602,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GXO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of GXO Logistics by 29.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,867 shares of the company's stock worth $1,568,000 after buying an additional 9,134 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in GXO Logistics by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 377,211 shares of the company's stock worth $14,741,000 after acquiring an additional 8,670 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in GXO Logistics by 4,775.6% during the first quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company's stock worth $78,000 after acquiring an additional 1,958 shares in the last quarter. Hsbc Holdings PLC lifted 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 worth $622,000 after acquiring an additional 253 shares during the last quarter. Finally, M&T Bank Corp bought a new position in shares of GXO Logistics in the second quarter worth about $271,000. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Trading Down 0.6%

Shares of NYSE GXO opened at $46.35 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.79. GXO Logistics, Inc. has a 52-week low of $45.40 and a 52-week high of $66.85. The firm has a 50 day moving average price of $50.31 and a two-hundred day moving average price of $53.24. The stock has a market cap of $5.32 billion, a P/E ratio of 41.02, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.01. GXO Logistics had a net margin of 0.96% and a return on equity of 10.57%. The company had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the previous year, the business earned $0.57 earnings per share. GXO Logistics's revenue was up 4.3% compared to the same quarter last year. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. As a group, equities analysts forecast that GXO Logistics, Inc. will post 3.06 EPS for the current year.

Wall Street Analyst Weigh In

GXO has been the topic of several research reports. Citizens Jmp initiated coverage on shares of GXO Logistics in a report on Wednesday, July 15th. They set a "market perform" rating and a $80.00 price target on the stock. Oppenheimer set a $61.00 target price on shares of GXO Logistics in a research report on Thursday, August 6th. Weiss Ratings raised shares of GXO Logistics from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, July 28th. Truist Financial lowered their price target on shares of GXO Logistics from $70.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday, July 15th. Finally, Susquehanna dropped their price target on GXO Logistics from $75.00 to $62.00 and set a "positive" rating for the company in a research note on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $63.93.

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.

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