GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Dakota Wealth Management

Dakota Wealth Management cut its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 3.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 36,002 shares of the company’s stock after selling 1,129 shares during the period. Dakota Wealth Management’s holdings in GXO Logistics were worth $1,875,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GXO. Eminence Capital LP purchased a new position in shares of GXO Logistics in the second quarter valued at $79,698,000. Swedbank AB purchased a new position in GXO Logistics in the 1st quarter valued at about $84,672,000. Spruce House Investment Management LLC grew its stake in shares of GXO Logistics by 827.8% during the second quarter. Spruce House Investment Management LLC now owns 900,000 shares of the company’s stock valued at $45,450,000 after acquiring an additional 803,000 shares in the last quarter. American Century Companies Inc. increased its position in shares of GXO Logistics by 25.2% during the second quarter. American Century Companies Inc. now owns 3,221,818 shares of the company’s stock worth $162,702,000 after acquiring an additional 648,547 shares during the last quarter. Finally, Fort Pitt Capital Group LLC lifted its stake in shares of GXO Logistics by 30.4% in the second quarter. Fort Pitt Capital Group LLC now owns 2,416,606 shares of the company’s stock worth $122,039,000 after acquiring an additional 563,057 shares in the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GXO shares. 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. lifted their price target on shares of GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 9th. Citigroup began coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective on the stock. Finally, Susquehanna dropped their target price on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research report on Thursday, September 26th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, GXO Logistics has an average rating of “Moderate Buy” and a consensus target price of $66.91.

GXO Logistics Price Performance

Shares of NYSE:GXO opened at $61.12 on Friday. The company has a market cap of $7.30 billion, a PE ratio of 43.97, a P/E/G ratio of 1.81 and a beta of 1.59. GXO Logistics, Inc. has a fifty-two week low of $46.07 and a fifty-two week high of $63.33. The firm has a 50-day simple moving average of $52.80 and a 200 day simple moving average of $51.36. 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 (NYSE:GXO) last posted its earnings results on Tuesday, August 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.73 billion. GXO Logistics had a net margin of 1.35% and a return on equity of 9.86%. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period last year, the company posted $0.70 earnings per share. On average, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.78 EPS for the current year.

GXO Logistics Company 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.