National Bank of Canada FI Sells 3,232 Shares of GXO Logistics, Inc. (NYSE:GXO)

National Bank of Canada FI lowered its holdings in GXO Logistics, Inc. (NYSE:GXO) by 1.7% in the 4th quarter, HoldingsChannel reports. The firm owned 189,195 shares of the company’s stock after selling 3,232 shares during the quarter. National Bank of Canada FI’s holdings in GXO Logistics were worth $11,375,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. DekaBank Deutsche Girozentrale bought a new position in GXO Logistics in the third quarter worth approximately $31,000. Headlands Technologies LLC purchased a new stake in shares of GXO Logistics during the 4th quarter worth $59,000. CWM LLC lifted its stake in shares of GXO Logistics by 28.1% during the 4th quarter. CWM LLC now owns 1,778 shares of the company’s stock worth $109,000 after purchasing an additional 390 shares during the last quarter. First Horizon Advisors Inc. boosted its position in GXO Logistics by 81.9% during the third quarter. First Horizon Advisors Inc. now owns 1,912 shares of the company’s stock valued at $112,000 after purchasing an additional 861 shares in the last quarter. Finally, U S Global Investors Inc. grew its stake in GXO Logistics by 42.5% in the fourth quarter. U S Global Investors Inc. now owns 2,472 shares of the company’s stock valued at $151,000 after purchasing an additional 737 shares during the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GXO. Susquehanna raised their price target on shares of GXO Logistics from $73.00 to $75.00 and gave the company a “positive” rating in a report on Thursday, February 15th. Citigroup cut their price target on shares of GXO Logistics from $66.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. TD Cowen increased their price objective on GXO Logistics from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, April 25th. BNP Paribas upgraded GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 target price on the stock in a research note on Wednesday, March 27th. Finally, Loop Capital reduced their target price on GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, GXO Logistics has an average rating of “Moderate Buy” and a consensus price target of $69.69.

Insider Activity at GXO Logistics

In other GXO Logistics news, Director Gena L. Ashe sold 4,737 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $50.00, for a total transaction of $236,850.00. Following the sale, the director now directly owns 20,851 shares of the company’s stock, valued at approximately $1,042,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by insiders.

GXO Logistics Trading Down 0.4 %

Shares of NYSE:GXO opened at $50.95 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.55. GXO Logistics, Inc. has a 52-week low of $48.11 and a 52-week high of $67.57. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 2.11 and a beta of 1.63. The business has a 50-day moving average price of $50.55 and a 200-day moving average price of $54.33.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.38 billion. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. GXO Logistics’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $0.49 EPS. Equities analysts predict that GXO Logistics, Inc. will post 2.78 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.