GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Baldwin Investment Management LLC

Baldwin Investment Management LLC cut its holdings in GXO Logistics, Inc. (NYSE:GXOFree Report) by 41.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,722 shares of the company’s stock after selling 4,815 shares during the period. Baldwin Investment Management LLC’s holdings in GXO Logistics were worth $411,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. DekaBank Deutsche Girozentrale bought a new position in shares of GXO Logistics during the third quarter worth about $31,000. Headlands Technologies LLC bought a new stake in GXO Logistics during the 4th quarter valued at $59,000. CWM LLC boosted its position in GXO Logistics by 28.1% during the 4th quarter. CWM LLC now owns 1,778 shares of the company’s stock worth $109,000 after acquiring an additional 390 shares during the period. Quadrant Capital Group LLC grew its stake in shares of GXO Logistics by 16.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,988 shares of the company’s stock worth $122,000 after purchasing an additional 287 shares in the last quarter. Finally, KBC Group NV bought a new position in GXO Logistics in the 4th quarter valued at about $135,000. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Price Performance

GXO stock opened at $49.32 on Friday. GXO Logistics, Inc. has a one year low of $48.09 and a one year high of $67.57. The firm has a 50-day moving average of $50.95 and a two-hundred day moving average of $54.08. The firm has a market capitalization of $5.89 billion, a PE ratio of 35.48, a P/E/G ratio of 1.53 and a beta of 1.61. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.52.

GXO Logistics (NYSE:GXOGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.38 billion. GXO Logistics had a return on equity of 10.60% and a net margin of 1.68%. GXO Logistics’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 earnings per share. On average, analysts forecast that GXO Logistics, Inc. will post 2.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Loop Capital decreased their price objective on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Susquehanna increased their price target on GXO Logistics from $73.00 to $75.00 and gave the company a “positive” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. dropped their price objective on GXO Logistics from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. BNP Paribas upgraded GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price objective for the company in a report on Wednesday, March 27th. Finally, Wells Fargo & Company started coverage on GXO Logistics in a report on Friday. They set an “overweight” rating and a $58.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $68.85.

Read Our Latest Stock Analysis on GXO Logistics

About GXO Logistics

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for GXO Logistics (NYSE:GXO)

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