GXO Logistics, Inc. (NYSE:GXO) Shares Sold by TIAA Trust National Association

TIAA Trust National Association cut its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,730 shares of the company’s stock after selling 278 shares during the period. TIAA Trust National Association’s holdings in GXO Logistics were worth $206,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GXO. Vanguard Group Inc. grew its stake in GXO Logistics by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company’s stock worth $492,977,000 after buying an additional 212,254 shares during the last quarter. State Street Corp boosted its holdings in GXO Logistics by 1.9% in the third quarter. State Street Corp now owns 3,631,328 shares of the company’s stock worth $189,083,000 after acquiring an additional 66,232 shares in the last quarter. Swedbank AB increased its holdings in shares of GXO Logistics by 13.9% during the fourth quarter. Swedbank AB now owns 2,050,000 shares of the company’s stock valued at $89,175,000 after acquiring an additional 250,000 shares in the last quarter. River Road Asset Management LLC increased its holdings in shares of GXO Logistics by 53.5% during the fourth quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company’s stock valued at $87,355,000 after acquiring an additional 699,636 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of GXO Logistics by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,982,920 shares of the company’s stock valued at $103,279,000 after purchasing an additional 29,992 shares during the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Performance

Shares of NYSE GXO opened at $39.33 on Friday. The company has a market capitalization of $4.70 billion, a PE ratio of 35.12, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. The company’s fifty day moving average price is $41.31 and its 200 day moving average price is $48.83. GXO Logistics, Inc. has a 1 year low of $34.51 and a 1 year high of $63.33.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. UBS Group cut their price target on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Barclays cut their target price on 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. Deutsche Bank Aktiengesellschaft assumed coverage on GXO Logistics in a research report on Friday, March 7th. They set a “hold” rating and a $45.00 price target for the company. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Finally, Truist Financial started coverage on GXO Logistics in a research report on Thursday, March 13th. They issued a “hold” rating and a $40.00 target price on the stock. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $56.00.

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.