Swedbank AB Sells 230,000 Shares of GXO Logistics, Inc. $GXO

Swedbank AB cut its position in GXO Logistics, Inc. (NYSE:GXO) by 13.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,470,000 shares of the company’s stock after selling 230,000 shares during the period. Swedbank AB owned 1.28% of GXO Logistics worth $76,220,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GXO. Allworth Financial LP raised its stake in shares of GXO Logistics by 175.0% in the third quarter. Allworth Financial LP now owns 517 shares of the company’s stock worth $27,000 after purchasing an additional 329 shares during the last quarter. Chapman Financial Group LLC purchased a new position in GXO Logistics in the second quarter valued at about $34,000. Farther Finance Advisors LLC lifted its stake in GXO Logistics by 85.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,420 shares of the company’s stock valued at $75,000 after purchasing an additional 653 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of GXO Logistics by 4,775.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock valued at $78,000 after buying an additional 1,958 shares during the last quarter. Finally, Danske Bank A S purchased a new stake in GXO Logistics during the third quarter valued at about $79,000. 90.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays upgraded GXO Logistics from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $58.00 to $65.00 in a research report on Wednesday, May 27th. Weiss Ratings cut shares of GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. Stifel Nicolaus set a $71.00 target price on shares of GXO Logistics in a research note on Thursday, May 7th. Morgan Stanley raised their price target on shares of GXO Logistics from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Monday. Finally, Wall Street Zen lowered shares of GXO Logistics from a “buy” rating to a “hold” rating in a research report on Saturday. Eleven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, GXO Logistics presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.17.

GXO Logistics Price Performance

GXO opened at $51.80 on Wednesday. The stock has a 50-day moving average price of $50.15 and a 200-day moving average price of $54.36. GXO Logistics, Inc. has a 1 year low of $45.40 and a 1 year high of $66.85. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $5.96 billion, a PE ratio of 45.44, a P/E/G ratio of 1.69 and a beta of 1.55.

GXO Logistics (NYSE:GXO) last issued its earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.13. The company had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.22 billion. GXO Logistics had a net margin of 0.98% and a return on equity of 10.55%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company posted $0.29 earnings per share. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. Sell-side analysts predict that GXO Logistics, Inc. will post 3.07 earnings per share for the current fiscal year.

GXO Logistics Profile

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.