Vanguard Group Inc. Trims Stock Holdings in GXO Logistics, Inc. $GXO

Key Points

• Vanguard trimmed its stake in GXO by 1.0% in Q4 and still owns 10,794,416 shares — about 9.43% of the company worth roughly $568.2 million.
• Institutional ownership is very high at 90.67%, with notable moves such as M&T Bank increasing its position by 7,226.9% to 311,320 shares (~$16.39M).
• Analysts hold a consensus of “Moderate Buy” (10 Buys, 2 Holds, 1 Sell) with an average target of $69.17; GXO recently beat EPS estimates ($0.87 vs. $0.83) but trades at a high P/E (~154) and has a $5.33 billion market cap.

Vanguard Group Inc. reduced its stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,794,416 shares of the company's stock after selling 111,908 shares during the quarter. Vanguard Group Inc. owned about 9.43% of GXO Logistics worth $568,218,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in GXO. M&T Bank Corp increased its stake in GXO Logistics by 7,226.9% in the fourth quarter. M&T Bank Corp now owns 311,320 shares of the company's stock valued at $16,388,000 after purchasing an additional 307,071 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in GXO Logistics by 4.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,789 shares of the company's stock valued at $1,779,000 after purchasing an additional 1,330 shares during the last quarter. Bayforest Capital Ltd increased its stake in GXO Logistics by 18.7% in the fourth quarter. Bayforest Capital Ltd now owns 5,416 shares of the company's stock valued at $285,000 after purchasing an additional 852 shares during the last quarter. Kirr Marbach & Co. LLC IN increased its stake in GXO Logistics by 1.8% in the fourth quarter. Kirr Marbach & Co. LLC IN now owns 164,224 shares of the company's stock valued at $8,645,000 after purchasing an additional 2,909 shares during the last quarter. Finally, CWM LLC increased its stake in GXO Logistics by 11.4% in the fourth quarter. CWM LLC now owns 2,350 shares of the company's stock valued at $124,000 after purchasing an additional 240 shares during the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Susquehanna reiterated a "positive" rating and issued a $82.00 target price on shares of GXO Logistics in a research note on Thursday, February 12th. The Goldman Sachs Group lowered GXO Logistics from a "buy" rating to a "neutral" rating and set a $68.00 price target for the company. in a research note on Wednesday, March 4th. Wells Fargo & Company upped their price target on GXO Logistics from $65.00 to $70.00 and gave the stock an "overweight" rating in a research note on Thursday, February 12th. Oppenheimer restated an "outperform" rating and set a $70.00 price target on shares of GXO Logistics in a research note on Thursday, February 12th. Finally, Truist Financial upped their price target on GXO Logistics from $65.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, February 12th. Ten research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $69.17.

GXO Logistics Price Performance

GXO stock opened at $46.30 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.85 and a current ratio of 0.85. GXO Logistics, Inc. has a 1 year low of $36.75 and a 1 year high of $66.85. The firm has a market cap of $5.33 billion, a P/E ratio of 154.32, a price-to-earnings-growth ratio of 1.90 and a beta of 1.62. The stock has a 50-day simple moving average of $56.05 and a 200-day simple moving average of $55.17.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its earnings results on Tuesday, February 10th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. The business had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.48 billion. GXO Logistics had a return on equity of 9.83% and a net margin of 0.24%.The company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.00 earnings per share. On average, equities analysts predict that GXO Logistics, Inc. will post 3 earnings per share for the current fiscal year.

GXO Logistics Profile

GXO Logistics NYSE: GXO is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.

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