GXO Logistics, Inc. $GXO Shares Sold by Stablepoint Partners LLC

Stablepoint Partners LLC lessened its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 11.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 11,728 shares of the company’s stock after selling 1,458 shares during the quarter. Stablepoint Partners LLC’s holdings in GXO Logistics were worth $571,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its stake in GXO Logistics by 11.6% during the first quarter. Cetera Investment Advisers now owns 11,547 shares of the company’s stock worth $451,000 after acquiring an additional 1,199 shares during the last quarter. LPL Financial LLC grew its holdings in shares of GXO Logistics by 23.7% during the 1st quarter. LPL Financial LLC now owns 72,279 shares of the company’s stock worth $2,629,000 after purchasing an additional 13,825 shares during the period. XTX Topco Ltd purchased a new position in shares of GXO Logistics during the 1st quarter worth $313,000. Bayforest Capital Ltd acquired a new stake in shares of GXO Logistics during the 1st quarter worth about $151,000. Finally, Arkadios Wealth Advisors raised its holdings in GXO Logistics by 94.8% in the 1st quarter. Arkadios Wealth Advisors now owns 12,658 shares of the company’s stock valued at $495,000 after buying an additional 6,160 shares during the period. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Stock Up 0.5%

Shares of GXO opened at $50.74 on Friday. The company’s 50-day simple moving average is $52.29 and its 200-day simple moving average is $49.75. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 0.71. GXO Logistics, Inc. has a 1 year low of $30.46 and a 1 year high of $61.25. The stock has a market capitalization of $5.81 billion, a PE ratio of 66.76, a P/E/G ratio of 2.08 and a beta of 1.64.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The firm had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.39 billion. GXO Logistics had a net margin of 0.69% and a return on equity of 10.45%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 earnings per share. GXO Logistics has set its FY 2025 guidance at 2.430-2.630 EPS. Analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on GXO. Oppenheimer upped their target price on shares of GXO Logistics from $55.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. The Goldman Sachs Group raised shares of GXO Logistics from a “neutral” rating to a “buy” rating and boosted their price target for the company from $52.00 to $68.00 in a research note on Wednesday, September 24th. Susquehanna restated a “positive” rating and issued a $64.00 price objective on shares of GXO Logistics in a report on Thursday, November 6th. Truist Financial set a $65.00 target price on shares of GXO Logistics in a report on Tuesday, October 14th. Finally, UBS Group boosted their target price on GXO Logistics from $58.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, GXO Logistics presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.77.

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.