GXO Logistics, Inc. $GXO Position Cut by Boston Common Asset Management LLC

Boston Common Asset Management LLC trimmed its stake in GXO Logistics, Inc. (NYSE:GXO) by 33.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 100,397 shares of the company’s stock after selling 49,603 shares during the quarter. Boston Common Asset Management LLC owned approximately 0.09% of GXO Logistics worth $4,889,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GXO. Larson Financial Group LLC increased its holdings in shares of GXO Logistics by 2,460.7% during the first quarter. Larson Financial Group LLC now owns 717 shares of the company’s stock valued at $28,000 after purchasing an additional 689 shares during the period. GAMMA Investing LLC increased its holdings in shares of GXO Logistics by 57.0% during the first quarter. GAMMA Investing LLC now owns 832 shares of the company’s stock valued at $33,000 after purchasing an additional 302 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of GXO Logistics during the first quarter valued at $34,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of GXO Logistics by 72.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company’s stock valued at $37,000 after purchasing an additional 396 shares during the period. Finally, Covestor Ltd increased its holdings in shares of GXO Logistics by 63.2% during the first quarter. Covestor Ltd now owns 1,645 shares of the company’s stock valued at $64,000 after purchasing an additional 637 shares during the period. 90.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Barclays raised their price target on GXO Logistics from $45.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of GXO Logistics in a report on Saturday, September 27th. Truist Financial raised GXO Logistics from a “hold” rating to a “buy” rating and lifted their target price for the stock from $48.00 to $62.00 in a report on Friday, July 11th. JPMorgan Chase & Co. lifted their target price on GXO Logistics from $56.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Finally, Oppenheimer lifted their target price on GXO Logistics from $55.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Eleven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.86.

GXO Logistics Price Performance

NYSE:GXO opened at $53.71 on Friday. The business’s 50-day moving average price is $51.70 and its 200 day moving average price is $45.35. The firm has a market cap of $6.15 billion, a P/E ratio of 101.34, a PEG ratio of 2.16 and a beta of 1.64. GXO Logistics, Inc. has a 52-week low of $30.46 and a 52-week high of $63.33. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.87.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.09 billion. GXO Logistics had a return on equity of 10.45% and a net margin of 0.50%.GXO Logistics’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. As a group, sell-side analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal 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.