Douglas Lane & Associates LLC Sells 45,407 Shares of GXO Logistics, Inc. $GXO

Douglas Lane & Associates LLC reduced its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 15.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 241,109 shares of the company’s stock after selling 45,407 shares during the quarter. Douglas Lane & Associates LLC’s holdings in GXO Logistics were worth $10,717,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Trust Co. of Vermont purchased a new position in shares of GXO Logistics during the 2nd quarter valued at $37,000. Integrated Wealth Concepts LLC purchased a new stake in shares of GXO Logistics during the second quarter worth $48,000. Nykredit A S purchased a new stake in shares of GXO Logistics during the second quarter worth $73,000. GAMMA Investing LLC boosted its position in GXO Logistics by 14.3% during the third quarter. GAMMA Investing LLC now owns 1,841 shares of the company’s stock valued at $82,000 after purchasing an additional 231 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new position in GXO Logistics in the first quarter valued at about $104,000. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Weiss Ratings raised GXO Logistics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Citigroup began coverage on GXO Logistics in a research note on Wednesday, July 15th. They issued a “market outperform” rating for the company. Truist Financial dropped their price objective on GXO Logistics from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Wall Street Zen lowered shares of GXO Logistics from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Citizens Jmp started coverage on shares of GXO Logistics in a research note on Wednesday, July 15th. They issued a “market perform” rating and a $80.00 target price for the company. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.79.

GXO Logistics Stock Up 0.2%

NYSE GXO traded up $0.10 during trading on Friday, hitting $46.47. 158,858 shares of the company traded hands, compared to its average volume of 1,355,386. GXO Logistics, Inc. has a 12 month low of $43.61 and a 12 month high of $66.85. The business has a fifty day simple moving average of $46.84 and a 200 day simple moving average of $50.00. The company has a market capitalization of $5.33 billion, a P/E ratio of 41.13, a PEG ratio of 1.44 and a beta of 1.57. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.01. The company had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.46 billion. GXO Logistics had a return on equity of 10.57% and a net margin of 0.96%.The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 EPS. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. As a group, sell-side analysts predict that GXO Logistics, Inc. will post 3.06 EPS for the current year.

GXO Logistics Company Profile

GXO Logistics, Inc (NYSE:GXO) is a contract logistics company that manages supply chain operations for businesses across a range of industries, including retail, consumer goods, technology, healthcare, food and beverage, and industrial products. Its services are designed to help customers store, move and fulfill merchandise and materials efficiently.

The company provides warehousing and distribution, order fulfillment, transportation management, reverse logistics, and value-added services such as product processing, packaging and returns management.