Janney Capital Management LLC Sells 214 Shares of GXO Logistics, Inc. (NYSE:GXO)

Janney Capital Management LLC lowered its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 3.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,225 shares of the company’s stock after selling 214 shares during the period. Janney Capital Management LLC’s holdings in GXO Logistics were worth $272,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. DekaBank Deutsche Girozentrale acquired a new position in GXO Logistics during the third quarter worth about $28,000. UMB Bank n.a. increased its position in GXO Logistics by 111.4% during the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after purchasing an additional 331 shares in the last quarter. Signaturefd LLC lifted its stake in GXO Logistics by 37.2% in the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after purchasing an additional 249 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in GXO Logistics by 37.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock valued at $54,000 after purchasing an additional 282 shares during the last quarter. Finally, Mather Group LLC. boosted its position in GXO Logistics by 170.7% in 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. 90.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on GXO shares. Citigroup began coverage on GXO Logistics in a research note on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price target for the company. UBS Group lowered their price objective on GXO Logistics from $71.00 to $66.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. JPMorgan Chase & Co. raised their price target on shares of GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Finally, Susquehanna decreased their price objective on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a report on Thursday, September 26th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.91.

GXO Logistics Stock Performance

Shares of GXO stock opened at $58.58 on Monday. The firm has a 50 day moving average of $53.95 and a 200-day moving average of $51.70. The company has a market cap of $7.00 billion, a price-to-earnings ratio of 50.07, a price-to-earnings-growth ratio of 1.79 and a beta of 1.55. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.87. GXO Logistics, Inc. has a 52 week low of $46.07 and a 52 week high of $63.33.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results 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). GXO Logistics had a net margin of 1.35% and a return on equity of 9.86%. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period last year, the firm posted $0.70 earnings per share. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, equities analysts forecast that GXO Logistics, Inc. will post 2.78 earnings per share for the current year.

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.