Blair William & Co. IL Sells 5,976 Shares of GXO Logistics, Inc. (NYSE:GXO)

Key Points

• Blair William & Co. IL sold 5,976 shares of GXO Logistics, reducing its stake by 6.0% in the first quarter, while still holding 94,298 shares valued at approximately $3.7 million.
• Multiple large investors made significant changes to their positions in GXO Logistics, with entities like Larson Financial Group increasing their stake by 2,460.7%.
• GXO Logistics reported a quarterly earnings increase, with $0.57 EPS, exceeding analyst expectations of $0.56, alongside a revenue growth of 15.9% year-over-year.

Blair William & Co. IL cut its holdings in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 6.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 94,298 shares of the company's stock after selling 5,976 shares during the period. Blair William & Co. IL owned 0.08% of GXO Logistics worth $3,685,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GXO. Larson Financial Group LLC grew its stake in shares of GXO Logistics by 2,460.7% in the 1st quarter. Larson Financial Group LLC now owns 717 shares of the company's stock worth $28,000 after buying an additional 689 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of GXO Logistics by 57.0% during the first quarter. GAMMA Investing LLC now owns 832 shares of the company's stock valued at $33,000 after acquiring an additional 302 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of GXO Logistics in the 1st quarter worth about $34,000. Quarry LP raised its position in shares of GXO Logistics by 1,334.9% in the 4th quarter. Quarry LP now owns 1,234 shares of the company's stock worth $54,000 after purchasing an additional 1,148 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in GXO Logistics by 135.6% in the 1st quarter. UMB Bank n.a. now owns 1,762 shares of the company's stock worth $69,000 after purchasing an additional 1,014 shares in the last quarter. Institutional investors own 90.67% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on GXO. Wells Fargo & Company increased their target price on GXO Logistics from $57.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday. Citigroup increased their target price on GXO Logistics from $56.00 to $59.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. UBS Group boosted their price target on GXO Logistics from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday. Stifel Nicolaus upped their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Finally, Truist Financial raised shares of GXO Logistics from a "hold" rating to a "buy" rating and raised their price objective for the stock from $48.00 to $62.00 in a report on Friday, July 11th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, GXO Logistics presently has an average rating of "Moderate Buy" and an average target price of $59.50.

GXO Logistics Price Performance

GXO stock traded down $0.58 during trading on Friday, reaching $50.35. The company's stock had a trading volume of 904,905 shares, compared to its average volume of 1,110,263. The company has a quick ratio of 0.78, a current ratio of 0.76 and a debt-to-equity ratio of 0.87. The company's fifty day moving average is $48.13 and its 200-day moving average is $42.34. The company has a market capitalization of $5.76 billion, a P/E ratio of 95.00, a price-to-earnings-growth ratio of 1.83 and a beta of 1.64. GXO Logistics, Inc. has a 1 year low of $30.46 and a 1 year high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.01. The firm had revenue of $3.30 billion during the quarter, compared to analysts' expectations of $3.09 billion. GXO Logistics had a return on equity of 10.45% and a net margin of 0.50%. The firm's revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $0.55 earnings per share. On average, research analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share 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.