GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC reduced its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 6.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,861 shares of the company’s stock after selling 535 shares during the quarter. Daymark Wealth Partners LLC’s holdings in GXO Logistics were worth $342,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GXO. State Street Corp grew its stake in shares of GXO Logistics by 1.9% in the 3rd quarter. State Street Corp now owns 3,631,328 shares of the company’s stock worth $189,083,000 after purchasing an additional 66,232 shares during the last quarter. Fort Pitt Capital Group LLC boosted its holdings in GXO Logistics by 2.1% during the third quarter. Fort Pitt Capital Group LLC now owns 2,467,814 shares of the company’s stock worth $128,499,000 after buying an additional 51,208 shares in the last quarter. Geode Capital Management LLC grew its position in GXO Logistics by 1.5% in the third quarter. Geode Capital Management LLC now owns 1,982,920 shares of the company’s stock worth $103,279,000 after buying an additional 29,992 shares during the last quarter. Eminence Capital LP bought a new position in shares of GXO Logistics in the second quarter valued at $79,698,000. Finally, River Road Asset Management LLC lifted its position in shares of GXO Logistics by 40.4% during the 3rd quarter. River Road Asset Management LLC now owns 1,308,532 shares of the company’s stock valued at $68,135,000 after acquiring an additional 376,704 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Stock Performance

Shares of NYSE GXO opened at $45.00 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. GXO Logistics, Inc. has a one year low of $41.38 and a one year high of $63.33. The business’s 50-day moving average price is $48.99 and its two-hundred day moving average price is $51.91. The company has a market capitalization of $5.38 billion, a P/E ratio of 50.00, a price-to-earnings-growth ratio of 1.23 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 EPS. Analysts anticipate that GXO Logistics, Inc. will post 2.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Oppenheimer lifted their target price on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Citigroup initiated coverage on GXO Logistics in a report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective on the stock. Susquehanna decreased their target price on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a report on Thursday, September 26th. UBS Group boosted their price target on shares of GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Barclays decreased their price objective on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $65.38.

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.