Orion Portfolio Solutions LLC Has $1.44 Million Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Orion Portfolio Solutions LLC decreased its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 4.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 27,714 shares of the company’s stock after selling 1,245 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in GXO Logistics were worth $1,443,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Mount Lucas Management LP boosted its stake in GXO Logistics by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 7,327 shares of the company’s stock valued at $382,000 after purchasing an additional 173 shares during the period. Mathes Company Inc. grew its holdings in shares of GXO Logistics by 0.7% in the 3rd quarter. Mathes Company Inc. now owns 25,475 shares of the company’s stock worth $1,326,000 after purchasing an additional 175 shares during the last quarter. Nisa Investment Advisors LLC grew its position in GXO Logistics by 7.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,064 shares of the company’s stock worth $160,000 after acquiring an additional 220 shares during the last quarter. CWM LLC increased its holdings in shares of GXO Logistics by 13.8% in the third quarter. CWM LLC now owns 1,961 shares of the company’s stock valued at $102,000 after purchasing an additional 238 shares in the last quarter. Finally, Signaturefd LLC boosted its position in shares of GXO Logistics by 37.2% in the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after purchasing an additional 249 shares during the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Trading Down 0.8 %

Shares of GXO opened at $48.49 on Friday. GXO Logistics, Inc. has a twelve month low of $46.07 and a twelve month high of $63.33. The stock has a market cap of $5.79 billion, a PE ratio of 53.88, a P/E/G ratio of 1.49 and a beta of 1.52. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. The business’s 50-day moving average price is $58.08 and its 200-day moving average price is $52.97.

GXO Logistics (NYSE:GXO) last released its earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The firm’s revenue was up 27.8% on a year-over-year basis. On average, equities analysts forecast that GXO Logistics, Inc. will post 2.76 EPS for the current fiscal year.

Analysts Set New Price Targets

GXO has been the topic of several recent research reports. Citigroup assumed coverage on GXO Logistics in a research note on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price target on the stock. TD Cowen raised their price target on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Susquehanna lowered their price objective on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research report on Thursday, September 26th. Oppenheimer raised their target price on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, UBS Group boosted their target price on GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, GXO Logistics has an average rating of “Moderate Buy” and an average price target of $66.33.

GXO Logistics 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.