Cerity Partners LLC Has $386,000 Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Key Points

• Cerity Partners LLC significantly reduced its holdings in GXO Logistics by 89.8%, bringing its ownership down to 9,884 shares, valued at approximately $386,000.
• Institutional investors now hold 90.67% of GXO Logistics' stock, reflecting increased interest from multiple investment firms during the first quarter.
• Analysts have raised their price targets for GXO Logistics, with estimates ranging from $52.00 to $67.00, and the stock currently holds a consensus rating of "Moderate Buy".

Cerity Partners LLC reduced its holdings in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 89.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 9,884 shares of the company's stock after selling 86,827 shares during the quarter. Cerity Partners LLC's holdings in GXO Logistics were worth $386,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GXO. GAMMA Investing LLC increased its holdings in GXO Logistics by 57.0% in the first quarter. GAMMA Investing LLC now owns 832 shares of the company's stock valued at $33,000 after purchasing an additional 302 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of GXO Logistics in the 1st quarter valued at about $34,000. Summit Securities Group LLC increased its stake in shares of GXO Logistics by 870.9% in the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock valued at $44,000 after buying an additional 897 shares during the period. Quarry LP raised its position in shares of GXO Logistics by 1,334.9% during the fourth quarter. Quarry LP now owns 1,234 shares of the company's stock worth $54,000 after acquiring an additional 1,148 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of GXO Logistics by 135.6% in the first quarter. UMB Bank n.a. now owns 1,762 shares of the company's stock worth $69,000 after acquiring an additional 1,014 shares during the period. Institutional investors own 90.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GXO. JPMorgan Chase & Co. increased their target price on shares of GXO Logistics from $52.00 to $56.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Barclays increased their price objective on shares of GXO Logistics from $45.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Susquehanna restated a "positive" rating and issued a $58.00 target price (up previously from $57.00) on shares of GXO Logistics in a report on Tuesday, June 24th. 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, Citigroup lifted their price objective on GXO Logistics from $56.00 to $59.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.43.

GXO Logistics Stock Performance

NYSE GXO opened at $52.57 on Friday. The company has a fifty day moving average price of $46.28 and a 200-day moving average price of $41.92. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 84.79, a PEG ratio of 1.92 and a beta of 1.64. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.78 and a quick ratio of 0.78. 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 issued its quarterly earnings data 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 business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. GXO Logistics had a net margin of 0.61% and a return on equity of 10.49%. The firm's quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 EPS. As a group, equities research analysts predict 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.

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