Rhumbline Advisers Has $12.67 Million Position in GXO Logistics, Inc. (NYSE:GXO)

Rhumbline Advisers lessened its holdings in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 1.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 324,108 shares of the company's stock after selling 5,721 shares during the quarter. Rhumbline Advisers owned approximately 0.28% of GXO Logistics worth $12,666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new stake in GXO Logistics during the 4th quarter worth $41,000. Summit Securities Group LLC grew its stake in shares of GXO Logistics by 870.9% during the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock worth $44,000 after purchasing an additional 897 shares during the period. Quarry LP increased its holdings in GXO Logistics by 1,334.9% in the fourth quarter. Quarry LP now owns 1,234 shares of the company's stock valued at $54,000 after purchasing an additional 1,148 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in GXO Logistics by 33.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company's stock valued at $60,000 after purchasing an additional 348 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in GXO Logistics by 49.7% in the fourth quarter. Jones Financial Companies Lllp now owns 2,959 shares of the company's stock valued at $129,000 after buying an additional 983 shares during the period. 90.67% of the stock is owned by institutional investors.

GXO Logistics Stock Up 1.6%

Shares of GXO traded up $0.76 during midday trading on Tuesday, hitting $49.46. The stock had a trading volume of 1,607,938 shares, compared to its average volume of 1,335,885. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 79.77, a price-to-earnings-growth ratio of 2.25 and a beta of 1.64. The company has a 50 day simple moving average of $41.61 and a two-hundred day simple moving average of $41.00. GXO Logistics, Inc. has a twelve month low of $30.46 and a twelve month high of $63.33. 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 (NYSE:GXO - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.03. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.94 billion. GXO Logistics had a return on equity of 10.49% and a net margin of 0.61%. GXO Logistics's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 EPS. On average, analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GXO shares. Citigroup decreased their target price on GXO Logistics from $51.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Stifel Nicolaus boosted their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Wells Fargo & Company increased their target price on shares of GXO Logistics from $44.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday, June 20th. Truist Financial boosted their price target on shares of GXO Logistics from $40.00 to $48.00 and gave the company a "hold" rating in a report on Monday. Finally, Susquehanna restated a "positive" rating and issued a $58.00 price objective (up previously from $57.00) on shares of GXO Logistics in a research report on Tuesday, June 24th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $54.79.

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.