WASHINGTON TRUST Co Sells 50,527 Shares of GXO Logistics, Inc. (NYSE:GXO)

WASHINGTON TRUST Co lessened its holdings in GXO Logistics, Inc. (NYSE:GXO) by 26.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 137,686 shares of the company’s stock after selling 50,527 shares during the period. WASHINGTON TRUST Co’s holdings in GXO Logistics were worth $5,989,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Stifel Financial Corp grew its stake in shares of GXO Logistics by 95.8% in the 3rd quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock worth $3,960,000 after buying an additional 37,197 shares in the last quarter. Douglas Lane & Associates LLC grew its position in GXO Logistics by 6.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock worth $20,904,000 after acquiring an additional 31,015 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in GXO Logistics by 2.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company’s stock worth $26,153,000 after acquiring an additional 12,208 shares during the last quarter. Tidal Investments LLC bought a new stake in GXO Logistics during the third quarter worth approximately $667,000. Finally, Barclays PLC raised its position in GXO Logistics by 28.9% during the third quarter. Barclays PLC now owns 62,545 shares of the company’s stock valued at $3,256,000 after purchasing an additional 14,020 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a report on Friday. Barclays dropped their price objective on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday. Wells Fargo & Company reduced their target price on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a research note on Friday. UBS Group dropped their price target on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a research note on Friday. Finally, Oppenheimer increased their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.54.

GXO Logistics Price Performance

Shares of GXO stock opened at $39.49 on Friday. The company has a market capitalization of $4.72 billion, a P/E ratio of 43.88, a P/E/G ratio of 1.19 and a beta of 1.60. The company’s 50-day simple moving average is $44.40 and its two-hundred day simple moving average is $50.86. GXO Logistics, Inc. has a one year low of $34.51 and a one year high of $63.33. 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 (NYSE:GXO) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. As a group, equities analysts anticipate that GXO Logistics, Inc. will post 2.73 EPS for the current year.

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.