GXO Logistics, Inc. $GXO Shares Sold by Algert Global LLC

Key Points

• Algert Global LLC has significantly reduced its stake in GXO Logistics by 88.4%, selling 169,627 shares, leaving it with 22,152 shares valued at approximately $866,000.
• The company reported $3.30 billion in revenue for the last quarter, exceeding analysts' expectations, with earnings per share of $0.57, slightly above the consensus estimate of $0.56.
• Analysts have a consensus rating of "Moderate Buy" for GXO Logistics with a price target of $59.50, reflecting positive sentiment surrounding the company’s performance.

Algert Global LLC cut its stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 88.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 22,152 shares of the company's stock after selling 169,627 shares during the period. Algert Global LLC's holdings in GXO Logistics were worth $866,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its position in shares of GXO Logistics by 13.7% in the first quarter. Janney Montgomery Scott LLC now owns 17,243 shares of the company's stock valued at $674,000 after buying an additional 2,076 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of GXO Logistics by 2.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 38,679 shares of the company's stock valued at $1,512,000 after buying an additional 886 shares during the last quarter. KBC Group NV raised its position in shares of GXO Logistics by 20.0% in the first quarter. KBC Group NV now owns 5,821 shares of the company's stock valued at $227,000 after buying an additional 969 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of GXO Logistics by 0.3% in the first quarter. Principal Financial Group Inc. now owns 274,832 shares of the company's stock valued at $10,740,000 after buying an additional 831 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of 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 buying an additional 302 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Price Performance

GXO Logistics stock opened at $54.4940 on Friday. GXO Logistics, Inc. has a 12-month low of $30.46 and a 12-month high of $63.33. The stock has a market cap of $6.24 billion, a P/E ratio of 102.82, a PEG ratio of 1.98 and a beta of 1.64. The company has a 50-day moving average price of $50.17 and a 200 day moving average price of $42.85. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.87.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings data 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. GXO Logistics had a net margin of 0.50% and a return on equity of 10.45%. The firm had revenue of $3.30 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same period last year, the business earned $0.55 earnings per share. GXO Logistics's revenue was up 15.9% compared to the same quarter last year. Sell-side analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on GXO. Barclays increased their target price on shares of GXO Logistics from $45.00 to $52.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Stifel Nicolaus increased their target price 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. Truist Financial upgraded shares of GXO Logistics from a "hold" rating to a "buy" rating and increased their target price for the company from $48.00 to $62.00 in a research report on Friday, July 11th. Susquehanna increased their target price on shares of GXO Logistics from $58.00 to $60.00 and gave the company a "positive" rating in a research report on Thursday, August 7th. Finally, Wells Fargo & Company increased their target price on shares of GXO Logistics from $57.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $59.50.

GXO Logistics Profile

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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