SevenBridge Financial Group LLC Cuts Position in GXO Logistics, Inc. (NYSE:GXO)

SevenBridge Financial Group LLC trimmed its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 29.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,012 shares of the company’s stock after selling 4,580 shares during the quarter. SevenBridge Financial Group LLC’s holdings in GXO Logistics were worth $474,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of GXO. Murphy & Mullick Capital Management Corp bought a new stake in shares of GXO Logistics during the 4th quarter worth $41,000. Summit Securities Group LLC raised its position in GXO Logistics by 870.9% in the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock worth $44,000 after acquiring an additional 897 shares during the period. R Squared Ltd purchased a new position in GXO Logistics in the fourth quarter valued at about $54,000. Nomura Asset Management Co. Ltd. boosted its stake in GXO Logistics by 33.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock valued at $60,000 after acquiring an additional 290 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of GXO Logistics by 213.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock valued at $60,000 after acquiring an additional 933 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GXO. Barclays dropped their price objective on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Stifel Nicolaus reiterated a “buy” rating and set a $66.00 price target (down previously from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft began coverage on GXO Logistics in a research note on Friday, March 7th. They issued a “hold” rating and a $45.00 price objective on the stock. The Goldman Sachs Group cut their target price on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Morgan Stanley lowered their price target on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, GXO Logistics presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

GXO Logistics Trading Up 1.9 %

Shares of GXO opened at $40.12 on Thursday. The stock has a market capitalization of $4.80 billion, a P/E ratio of 35.82, a PEG ratio of 1.34 and a beta of 1.62. GXO Logistics, Inc. has a twelve month low of $34.51 and a twelve month high of $63.33. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The firm has a fifty day simple moving average of $41.00 and a two-hundred day simple moving average of $48.62.

GXO Logistics (NYSE:GXO) last posted its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. On average, research analysts anticipate that GXO Logistics, Inc. will post 2.49 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.