Mutual of America Capital Management LLC Sells 4,599 Shares of GXO Logistics, Inc. $GXO

Mutual of America Capital Management LLC cut its holdings in GXO Logistics, Inc. (NYSE:GXO) by 7.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 56,902 shares of the company’s stock after selling 4,599 shares during the period. Mutual of America Capital Management LLC’s holdings in GXO Logistics were worth $2,771,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its holdings in GXO Logistics by 13.7% in the first quarter. Janney Montgomery Scott LLC now owns 17,243 shares of the company’s stock worth $674,000 after acquiring an additional 2,076 shares in the last quarter. KBC Group NV lifted its holdings in shares of GXO Logistics by 20.0% in the 1st quarter. KBC Group NV now owns 5,821 shares of the company’s stock worth $227,000 after purchasing an additional 969 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of GXO Logistics by 2.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 38,679 shares of the company’s stock worth $1,512,000 after purchasing an additional 886 shares in the last quarter. Principal Financial Group Inc. grew its position in GXO Logistics by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 274,832 shares of the company’s stock valued at $10,740,000 after purchasing an additional 831 shares during the period. Finally, GAMMA Investing LLC increased its stake in GXO Logistics by 57.0% during the 1st quarter. GAMMA Investing LLC now owns 832 shares of the company’s stock valued at $33,000 after purchasing an additional 302 shares in the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GXO has been the subject of a number of analyst reports. The Goldman Sachs Group upgraded shares of GXO Logistics from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $52.00 to $68.00 in a report on Wednesday, September 24th. Barclays raised their price target on shares of GXO Logistics from $45.00 to $52.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. UBS Group lifted their price target on GXO Logistics from $58.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of GXO Logistics in a report on Wednesday, October 8th. Finally, Morgan Stanley decreased their price objective on GXO Logistics from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Eleven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.57.

GXO Logistics Stock Performance

Shares of GXO opened at $54.62 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a 50 day moving average price of $52.69 and a two-hundred day moving average price of $46.94. The firm has a market capitalization of $6.25 billion, a P/E ratio of 103.05, a P/E/G ratio of 2.19 and a beta of 1.64. GXO Logistics, Inc. has a 52 week low of $30.46 and a 52 week high of $62.28.

GXO Logistics (NYSE:GXO) last announced its earnings results on Tuesday, August 5th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. GXO Logistics had a return on equity of 10.45% and a net margin of 0.50%.The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the business earned $0.55 EPS. The company’s revenue was up 15.9% compared to the same quarter last year. Equities analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal 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.