GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lessened its position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 27.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,296 shares of the company's stock after selling 12,117 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in GXO Logistics were worth $1,405,000 at the end of the most recent reporting period.

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

GXO Logistics Trading Down 0.9%

Shares of GXO Logistics stock traded down $0.41 during trading on Wednesday, hitting $43.64. The stock had a trading volume of 1,179,751 shares, compared to its average volume of 1,283,513. The firm's fifty day simple moving average is $38.14 and its 200-day simple moving average is $41.91. The stock has a market cap of $4.99 billion, a PE ratio of 38.96, a PEG ratio of 1.34 and a beta of 1.59. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.03. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the firm posted $0.45 EPS. The company's revenue for the quarter was up 21.2% on a year-over-year basis. As a group, sell-side analysts expect that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Truist Financial reduced their price target on shares of GXO Logistics from $40.00 to $35.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Morgan Stanley dropped their price target on shares of GXO Logistics from $63.00 to $57.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. UBS Group lowered their price objective on shares of GXO Logistics from $72.00 to $50.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Citigroup cut their price target on shares of GXO Logistics from $51.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Barclays decreased their target price on shares of GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, GXO Logistics presently has a consensus rating of "Moderate Buy" and an average price target of $54.57.

GXO Logistics Company 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.