GXO Logistics, Inc. (NYSE:GXO) Position Lowered by Baldwin Investment Management LLC

Baldwin Investment Management LLC reduced its position in GXO Logistics, Inc. (NYSE:GXO) by 32.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,078 shares of the company’s stock after selling 2,484 shares during the period. Baldwin Investment Management LLC’s holdings in GXO Logistics were worth $264,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of GXO. Eminence Capital LP acquired a new position in shares of GXO Logistics in the 2nd quarter worth approximately $79,698,000. Swedbank AB acquired a new position in GXO Logistics in the first quarter worth $84,672,000. Spruce House Investment Management LLC increased its stake in 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 purchasing an additional 803,000 shares during the last quarter. American Century Companies Inc. raised its holdings 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 purchasing an additional 648,547 shares during the period. Finally, Global Alpha Capital Management Ltd. acquired a new stake in shares of GXO Logistics during the third quarter worth $32,434,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Price Performance

Shares of NYSE GXO opened at $60.36 on Thursday. The stock has a market cap of $7.21 billion, a P/E ratio of 67.07, a P/E/G ratio of 1.85 and a beta of 1.55. The firm’s 50-day simple moving average is $57.45 and its 200 day simple moving average is $52.83. GXO Logistics, Inc. has a fifty-two week low of $46.07 and a fifty-two week high of $63.33. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. GXO Logistics’s revenue was up 27.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS. Equities analysts expect that GXO Logistics, Inc. will post 2.77 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on GXO shares. TD Cowen lifted their price target on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Susquehanna decreased their target price on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research note on Thursday, September 26th. Barclays raised their price target on GXO Logistics from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. UBS Group upped their price objective on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Oppenheimer raised their target price on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, GXO Logistics currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

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.