GXO Logistics, Inc. (NYSE:GXO) Stock Holdings Trimmed by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lessened its position in GXO Logistics, Inc. (NYSE:GXO) by 2.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 70,825 shares of the company’s stock after selling 1,488 shares during the period. Stanley Laman Group Ltd. owned approximately 0.06% of GXO Logistics worth $3,577,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of GXO Logistics in the 4th quarter worth $59,000. Mather Group LLC. grew its holdings in shares of GXO Logistics by 170.7% during the second quarter. Mather Group LLC. now owns 1,110 shares of the company’s stock valued at $60,000 after buying an additional 700 shares in the last quarter. Motco grew its holdings in shares of GXO Logistics by 2,836.4% during the first quarter. Motco now owns 1,292 shares of the company’s stock valued at $69,000 after buying an additional 1,248 shares in the last quarter. Smithfield Trust Co grew its holdings in shares of GXO Logistics by 16.5% during the first quarter. Smithfield Trust Co now owns 1,378 shares of the company’s stock valued at $73,000 after buying an additional 195 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in shares of GXO Logistics during the first quarter valued at $80,000. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Trading Down 0.9 %

Shares of GXO traded down $0.44 during trading hours on Friday, reaching $48.20. The stock had a trading volume of 472,959 shares, compared to its average volume of 858,740. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.52. GXO Logistics, Inc. has a 52 week low of $46.07 and a 52 week high of $65.48. The firm has a 50-day moving average of $50.50 and a 200 day moving average of $51.24. The company has a market cap of $5.76 billion, a P/E ratio of 34.66, a P/E/G ratio of 1.63 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.73 billion. GXO Logistics had a net margin of 1.68% and a return on equity of 10.60%. GXO Logistics’s revenue was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 EPS. On average, sell-side analysts expect that GXO Logistics, Inc. will post 2.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GXO has been the subject of a number of research reports. Wells Fargo & Company initiated coverage on GXO Logistics in a research report on Friday, June 7th. They set an “overweight” rating and a $58.00 price objective for the company. UBS Group reduced their price target on GXO Logistics from $71.00 to $66.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. TD Cowen boosted their price target on GXO Logistics from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Morgan Stanley reaffirmed an “overweight” rating and issued a $70.00 price target on shares of GXO Logistics in a research report on Tuesday, May 14th. Finally, JPMorgan Chase & Co. boosted their price target on GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $67.45.

Insider Transactions at GXO Logistics

In related news, CEO Malcolm Wilson purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was acquired at an average price of $49.95 per share, with a total value of $499,500.00. Following the completion of the purchase, the chief executive officer now directly owns 100,814 shares in the company, valued at $5,035,659.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by insiders.

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.