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

TIAA Trust National Association lessened its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 5.6% in the 4th quarter, Holdings Channel reports. The firm 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 reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. lifted its stake in GXO Logistics by 33.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock worth $60,000 after purchasing an additional 290 shares in the last quarter. R Squared Ltd purchased a new position in shares of GXO Logistics during the fourth quarter worth $54,000. Wilmington Savings Fund Society FSB acquired a new position in GXO Logistics in the 3rd quarter valued at about $71,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in GXO Logistics by 213.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock worth $60,000 after buying an additional 933 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of GXO Logistics by 33.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company’s stock worth $60,000 after acquiring an additional 348 shares during the period. 90.67% of the stock is owned by hedge funds and other institutional investors.

GXO Logistics Price Performance

Shares of GXO Logistics stock opened at $39.33 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. The company’s 50-day moving average price is $41.31 and its two-hundred day moving average price is $48.83. GXO Logistics, Inc. has a 52 week low of $34.51 and a 52 week high of $63.33. The stock has a market cap 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.

GXO Logistics (NYSE:GXO) last released its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. As a group, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GXO has been the topic of a number of analyst reports. Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and cut their price target for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of GXO Logistics in a research report on Friday, March 7th. They issued a “hold” rating and a $45.00 price target for the company. The Goldman Sachs Group lowered their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Truist Financial began coverage on GXO Logistics in a research report on Thursday, March 13th. They set a “hold” rating and a $40.00 target price on the stock. Finally, UBS Group cut their price target on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.00.

About GXO Logistics

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.