GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Mendel Money Management

Mendel Money Management decreased its holdings in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 8.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,270 shares of the company's stock after selling 5,340 shares during the period. Mendel Money Management owned approximately 0.05% of GXO Logistics worth $2,316,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GXO. State of Michigan Retirement System increased its position in GXO Logistics by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 28,627 shares of the company's stock valued at $1,119,000 after buying an additional 300 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in GXO Logistics by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 33,500 shares of the company's stock worth $1,309,000 after purchasing an additional 300 shares in the last quarter. GAMMA Investing LLC grew its position in GXO Logistics by 57.0% during the 1st 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 last quarter. Treasurer of the State of North Carolina raised its holdings in GXO Logistics by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 51,616 shares of the company's stock worth $2,245,000 after buying an additional 330 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of GXO Logistics by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 14,004 shares of the company's stock valued at $547,000 after acquiring an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 90.67% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Truist Financial raised shares of GXO Logistics from a "hold" rating to a "buy" rating and raised their price target for the company from $48.00 to $62.00 in a report on Friday, July 11th. Wells Fargo & Company increased their target price on GXO Logistics from $48.00 to $57.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Barclays boosted their price target on GXO Logistics from $45.00 to $52.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Stifel Nicolaus increased their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Finally, Citigroup boosted their target price on shares of GXO Logistics from $56.00 to $59.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $57.43.

GXO Logistics Stock Up 1.5%

GXO Logistics stock traded up $0.80 during trading on Friday, reaching $52.57. The stock had a trading volume of 669,087 shares, compared to its average volume of 1,047,507. GXO Logistics, Inc. has a 52-week low of $30.46 and a 52-week high of $63.33. The stock has a market cap of $6.02 billion, a PE ratio of 84.79, a P/E/G ratio of 1.92 and a beta of 1.64. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.88. The business has a 50 day moving average price of $46.28 and a 200 day moving average price of $41.92.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.03. The company had revenue of $2.98 billion for the quarter, compared to analysts' expectations of $2.94 billion. GXO Logistics had a net margin of 0.61% and a return on equity of 10.49%. The firm's revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter last year, the company earned $0.45 earnings per share. On average, analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current 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.