Praesidium Investment Management Company LLC Sells 209,259 Shares of GXO Logistics, Inc. (NYSE:GXO)

Praesidium Investment Management Company LLC trimmed its stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 32.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 426,249 shares of the company's stock after selling 209,259 shares during the quarter. GXO Logistics comprises approximately 3.1% of Praesidium Investment Management Company LLC's investment portfolio, making the stock its 11th biggest position. Praesidium Investment Management Company LLC owned about 0.36% of GXO Logistics worth $18,542,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of GXO Logistics by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company's stock valued at $492,977,000 after acquiring an additional 212,254 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of GXO Logistics by 3.8% in the fourth quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company's stock valued at $183,924,000 after buying an additional 153,522 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of GXO Logistics by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,798,170 shares of the company's stock valued at $121,718,000 after buying an additional 50,682 shares during the period. Kovitz Investment Group Partners LLC grew its position in GXO Logistics by 28,112.6% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company's stock worth $114,036,000 after buying an additional 2,612,223 shares in the last quarter. Finally, Swedbank AB raised its holdings in GXO Logistics by 13.9% in the 4th quarter. Swedbank AB now owns 2,050,000 shares of the company's stock valued at $89,175,000 after acquiring an additional 250,000 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Citigroup cut their price objective on shares of GXO Logistics from $51.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Barclays lowered their price objective on shares of GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating for the company in a research report on Thursday, February 13th. Morgan Stanley reduced 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. Wells Fargo & Company dropped their target price on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Finally, Truist Financial decreased their price objective on GXO Logistics from $40.00 to $35.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $54.57.

GXO Logistics Price Performance

GXO stock opened at $40.95 on Thursday. GXO Logistics, Inc. has a 12-month low of $30.46 and a 12-month high of $63.33. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 36.56, a PEG ratio of 1.34 and a beta of 1.56. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. The firm's 50-day moving average price is $37.26 and its two-hundred day moving average price is $44.43.

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, topping the consensus estimate of $0.26 by $0.03. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the company earned $0.45 EPS. The business's revenue was up 21.2% compared to the same quarter last year. As a group, equities analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

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.

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