Gilman Hill Asset Management LLC Sells 12,603 Shares of GXO Logistics, Inc. (NYSE:GXO)

Gilman Hill Asset Management LLC decreased its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 12.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,385 shares of the company’s stock after selling 12,603 shares during the period. Gilman Hill Asset Management LLC’s holdings in GXO Logistics were worth $3,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Stifel Financial Corp lifted its position in shares of GXO Logistics by 95.8% during the 3rd quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock valued at $3,960,000 after buying an additional 37,197 shares in the last quarter. Douglas Lane & Associates LLC lifted its holdings in GXO Logistics by 6.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock valued at $20,904,000 after purchasing an additional 31,015 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of GXO Logistics by 2.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company’s stock worth $26,153,000 after purchasing an additional 12,208 shares during the period. Tidal Investments LLC purchased a new stake in shares of GXO Logistics in the third quarter worth $667,000. Finally, Barclays PLC raised its position in shares of GXO Logistics by 28.9% during the 3rd quarter. Barclays PLC now owns 62,545 shares of the company’s stock valued at $3,256,000 after purchasing an additional 14,020 shares during the period. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GXO. Oppenheimer upped their target price on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Citigroup assumed coverage on GXO Logistics in a research report on Wednesday, October 9th. They set a “buy” rating and a $60.00 target price for the company. Barclays lowered their price target on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. Susquehanna cut their price objective on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a report on Thursday, September 26th. Finally, UBS Group boosted their target price on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.38.

GXO Logistics Trading Down 0.9 %

GXO opened at $43.98 on Monday. GXO Logistics, Inc. has a 12 month low of $41.38 and a 12 month high of $63.33. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. The stock has a 50-day moving average of $50.21 and a 200 day moving average of $52.07. The firm has a market cap of $5.25 billion, a P/E ratio of 48.86, a P/E/G ratio of 1.10 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. GXO Logistics’s revenue was up 27.8% on a year-over-year basis. During the same period last year, the company earned $0.69 earnings per share. As a group, research analysts forecast that GXO Logistics, Inc. will post 2.74 EPS 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.