Teachers Retirement System of The State of Kentucky Sells 1,050 Shares of GXO Logistics, Inc. (NYSE:GXO)

Teachers Retirement System of The State of Kentucky lessened its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 2.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,566 shares of the company’s stock after selling 1,050 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in GXO Logistics were worth $1,956,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC increased its stake in GXO Logistics by 113.3% during the 2nd quarter. SG Americas Securities LLC now owns 10,273 shares of the company’s stock worth $519,000 after acquiring an additional 5,457 shares during the period. Raymond James & Associates boosted its stake in shares of GXO Logistics by 42.5% in the 2nd quarter. Raymond James & Associates now owns 401,215 shares of the company’s stock valued at $20,261,000 after purchasing an additional 119,586 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of GXO Logistics by 4.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 22,438 shares of the company’s stock worth $1,133,000 after buying an additional 951 shares during the last quarter. Dakota Wealth Management increased its holdings in GXO Logistics by 19.9% in the 2nd quarter. Dakota Wealth Management now owns 37,131 shares of the company’s stock worth $1,875,000 after purchasing an additional 6,159 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC bought a new position in GXO Logistics in the 2nd quarter valued at approximately $198,000. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Trading Down 2.0 %

Shares of NYSE:GXO opened at $47.54 on Tuesday. GXO Logistics, Inc. has a 12-month low of $46.07 and a 12-month high of $63.33. The company has a market cap of $5.68 billion, a PE ratio of 52.82, a price-to-earnings-growth ratio of 1.49 and a beta of 1.52. The stock has a 50 day moving average of $58.05 and a 200 day moving average of $53.02. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period last year, the firm earned $0.69 EPS. The company’s revenue was up 27.8% on a year-over-year basis. As a group, equities research analysts expect that GXO Logistics, Inc. will post 2.76 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GXO shares. Oppenheimer upped their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. UBS Group increased their target price on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Susquehanna lowered their price objective on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a report on Thursday, September 26th. Citigroup assumed coverage on shares of GXO Logistics in a report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective for the company. Finally, TD Cowen upped their target price on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.33.

GXO Logistics 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.