GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Dakota Wealth Management

Dakota Wealth Management cut its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,002 shares of the company’s stock after selling 1,129 shares during the quarter. Dakota Wealth Management’s holdings in GXO Logistics were worth $1,875,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of GXO. Wealth Enhancement Advisory Services LLC boosted its position in shares of GXO Logistics by 35.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 44,308 shares of the company’s stock worth $2,382,000 after buying an additional 11,543 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of GXO Logistics by 21.1% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 21,487 shares of the company’s stock valued at $1,155,000 after purchasing an additional 3,740 shares during the last quarter. State of Michigan Retirement System increased its stake in shares of GXO Logistics by 2.5% during the 1st quarter. State of Michigan Retirement System now owns 29,227 shares of the company’s stock worth $1,571,000 after purchasing an additional 700 shares in the last quarter. Norden Group LLC acquired a new position in shares of GXO Logistics during the 1st quarter worth approximately $697,000. Finally, Retirement Systems of Alabama lifted its stake in GXO Logistics by 6.1% in the 1st quarter. Retirement Systems of Alabama now owns 318,034 shares of the company’s stock valued at $17,098,000 after buying an additional 18,184 shares in the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

GXO Logistics Price Performance

GXO Logistics stock opened at $61.12 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 43.97, a PEG ratio of 1.81 and a beta of 1.59. GXO Logistics, Inc. has a 1 year low of $46.07 and a 1 year high of $63.33. The firm has a 50 day moving average price of $52.80 and a 200 day moving average price of $51.36.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the company earned $0.70 earnings per share. The company’s quarterly revenue was up 18.9% on a year-over-year basis. Sell-side analysts predict that GXO Logistics, Inc. will post 2.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Susquehanna dropped their price target on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research report on Thursday, September 26th. JPMorgan Chase & Co. lifted their price objective on GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Citigroup started coverage on shares of GXO Logistics in a report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 target price on the stock. Finally, UBS Group lowered their price target on shares of GXO Logistics from $71.00 to $66.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.91.

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.