SG Americas Securities LLC Reduces Position in GXO Logistics, Inc. (NYSE:GXO)

SG Americas Securities LLC trimmed its position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 95.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,586 shares of the company's stock after selling 79,379 shares during the period. SG Americas Securities LLC's holdings in GXO Logistics were worth $219,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Citigroup Inc. lifted its position in shares of GXO Logistics by 25.6% during the first quarter. Citigroup Inc. now owns 16,948 shares of the company's stock worth $1,208,000 after purchasing an additional 3,457 shares in the last quarter. Bank of Montreal Can boosted its position in GXO Logistics by 175.7% in the 1st quarter. Bank of Montreal Can now owns 24,502 shares of the company's stock valued at $1,843,000 after buying an additional 15,615 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in GXO Logistics by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 36,133 shares of the company's stock valued at $2,578,000 after buying an additional 3,445 shares during the period. Raymond James Trust N.A. grew its stake in shares of GXO Logistics by 44.8% in the first quarter. Raymond James Trust N.A. now owns 5,979 shares of the company's stock worth $427,000 after acquiring an additional 1,849 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its position in shares of GXO Logistics by 2.5% during the first quarter. Lord Abbett & CO. LLC now owns 169,181 shares of the company's stock worth $12,069,000 after acquiring an additional 4,084 shares during the period. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at GXO Logistics

In other GXO Logistics news, Director Gena L. Ashe sold 4,737 shares of the business's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $50.00, for a total value of $236,850.00. Following the transaction, the director now directly owns 20,851 shares of the company's stock, valued at approximately $1,042,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

GXO has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their target price on GXO Logistics from $67.00 to $65.00 and set an "overweight" rating for the company in a research note on Tuesday. BNP Paribas upgraded shares of GXO Logistics from an "underperform" rating to a "neutral" rating and set a $50.00 price target for the company in a research note on Wednesday, March 27th. Susquehanna increased their target price on GXO Logistics from $73.00 to $75.00 and gave the company a "positive" rating in a report on Thursday, February 15th. Citigroup dropped their price objective on GXO Logistics from $66.00 to $64.00 and set a "buy" rating on the stock in a report on Thursday, February 15th. Finally, TD Cowen boosted their target price on GXO Logistics from $70.00 to $78.00 and gave the stock an "outperform" rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, GXO Logistics has an average rating of "Moderate Buy" and an average target price of $69.17.

GXO Logistics Stock Performance

Shares of GXO traded down $0.67 during mid-day trading on Friday, reaching $50.87. 891,176 shares of the company's stock were exchanged, compared to its average volume of 989,918. The business's fifty day simple moving average is $52.15 and its 200-day simple moving average is $55.00. The stock has a market capitalization of $6.07 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 2.18 and a beta of 1.64. GXO Logistics, Inc. has a 52-week low of $48.12 and a 52-week high of $67.57. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.98 and a quick ratio of 0.98.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the firm posted $0.83 EPS. GXO Logistics's revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities research analysts expect that GXO Logistics, Inc. will post 2.77 earnings per share for the current year.

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.