GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Mystic Asset Management Inc.

Mystic Asset Management Inc. lowered its stake in GXO Logistics, Inc. (NYSE:GXO) by 2.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,515 shares of the company’s stock after selling 470 shares during the quarter. Mystic Asset Management Inc.’s holdings in GXO Logistics were worth $892,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of GXO. RD Lewis Holdings Inc. purchased a new stake in shares of GXO Logistics in the fourth quarter valued at $237,000. one8zero8 LLC purchased a new position in GXO Logistics in the 4th quarter valued at about $2,588,000. Natixis Advisors LLC boosted its stake in shares of GXO Logistics by 1,106.1% during the 4th quarter. Natixis Advisors LLC now owns 212,171 shares of the company’s stock worth $9,229,000 after purchasing an additional 194,580 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of GXO Logistics by 1.9% during the fourth quarter. First Eagle Investment Management LLC now owns 334,600 shares of the company’s stock worth $14,555,000 after buying an additional 6,100 shares in the last quarter. Finally, Intact Investment Management Inc. grew its holdings in shares of GXO Logistics by 35.5% during the fourth quarter. Intact Investment Management Inc. now owns 20,500 shares of the company’s stock worth $892,000 after buying an additional 5,370 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analysts Set New Price Targets

GXO has been the topic of a number of analyst reports. Barclays decreased their target price on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $71.00 to $49.00 in a report on Monday, February 3rd. Truist Financial began coverage on GXO Logistics in a research note on Thursday, March 13th. They issued a “hold” rating and a $40.00 target price for the company. Morgan Stanley decreased their price target on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Finally, The Goldman Sachs Group dropped their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Six 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 stock has an average rating of “Moderate Buy” and an average price target of $55.60.

GXO Logistics Price Performance

GXO Logistics stock opened at $41.26 on Tuesday. The firm has a fifty day moving average of $42.01 and a 200-day moving average of $49.37. GXO Logistics, Inc. has a 52-week low of $34.51 and a 52-week high of $63.33. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $4.93 billion, a P/E ratio of 36.83, a PEG ratio of 1.34 and a beta of 1.62.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. As a group, analysts predict that GXO Logistics, Inc. will post 2.49 EPS 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.