Dakota Wealth Management Sells 10,237 Shares of GXO Logistics, Inc. (NYSE:GXO)

Dakota Wealth Management trimmed its position in GXO Logistics, Inc. (NYSE:GXO) by 28.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,765 shares of the company’s stock after selling 10,237 shares during the quarter. Dakota Wealth Management’s holdings in GXO Logistics were worth $1,121,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in GXO. DekaBank Deutsche Girozentrale bought a new stake in shares of GXO Logistics during the third quarter worth $28,000. UMB Bank n.a. grew its stake in shares of GXO Logistics by 111.4% during the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after buying an additional 331 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of GXO Logistics by 37.2% during the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after purchasing an additional 249 shares during the period. Hara Capital LLC acquired a new position in shares of GXO Logistics during the third quarter worth $50,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in GXO Logistics by 37.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock valued at $54,000 after buying an additional 282 shares during the period. 90.67% of the stock is owned by institutional investors.

GXO Logistics Stock Performance

Shares of GXO stock opened at $45.00 on Friday. 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 market capitalization of $5.38 billion, a P/E ratio of 50.00, a PEG ratio of 1.23 and a beta of 1.60. The firm’s 50 day moving average is $48.99 and its 200 day moving average is $51.91.

GXO Logistics (NYSE:GXO) last posted its earnings results on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.01. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the prior year, the company posted $0.69 EPS. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. On average, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.73 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Oppenheimer boosted their target price on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. 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 research report on Wednesday, November 6th. TD Cowen boosted their target price 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. Citigroup initiated coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They issued a “buy” rating and a $60.00 target price on the stock. Finally, The Goldman Sachs Group dropped their target price on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $65.38.

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.