GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 48.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 585,899 shares of the company’s stock after selling 540,005 shares during the quarter. Federated Hermes Inc. owned about 0.49% of GXO Logistics worth $25,487,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of GXO. Murphy & Mullick Capital Management Corp bought a new stake in shares of GXO Logistics during the fourth quarter valued at about $41,000. Summit Securities Group LLC increased its stake in GXO Logistics by 870.9% during the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock valued at $44,000 after buying an additional 897 shares during the period. R Squared Ltd bought a new stake in shares of GXO Logistics during the 4th quarter worth about $54,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of GXO Logistics by 33.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock worth $60,000 after acquiring an additional 290 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of GXO Logistics by 213.5% in the fourth 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 in the last quarter. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Price Performance

GXO stock opened at $31.58 on Wednesday. GXO Logistics, Inc. has a one year low of $31.31 and a one year high of $63.33. The firm has a 50-day moving average of $39.80 and a two-hundred day moving average of $47.98. The firm has a market capitalization of $3.77 billion, a PE ratio of 28.20, a P/E/G ratio of 1.34 and a beta of 1.56. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, beating the consensus estimate 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, analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Truist Financial started coverage on GXO Logistics in a report on Thursday, March 13th. They set a “hold” rating and a $40.00 target price on the stock. The Goldman Sachs Group lowered their price target on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Loop Capital lowered GXO Logistics from a “buy” rating to a “hold” rating and cut their price objective for the company from $71.00 to $49.00 in a report on Monday, February 3rd. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 price target (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Finally, Oppenheimer cut their price target on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, GXO Logistics has an average rating of “Moderate Buy” and an average target price of $54.93.

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.