Amalgamated Bank Cuts Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Amalgamated Bank lowered its stake in shares of GXO Logistics, Inc. (NYSE:GXOGet Rating) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,611 shares of the company’s stock after selling 326 shares during the quarter. Amalgamated Bank owned 0.06% of GXO Logistics worth $5,180,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of GXO. Prospera Financial Services Inc purchased a new position in GXO Logistics in the first quarter valued at $31,000. Point72 Hong Kong Ltd purchased a new position in GXO Logistics in the fourth quarter valued at $37,000. Geneos Wealth Management Inc. purchased a new position in GXO Logistics in the first quarter valued at $39,000. Herold Advisors Inc. purchased a new position in GXO Logistics in the first quarter valued at $54,000. Finally, First Horizon Advisors Inc. increased its holdings in GXO Logistics by 18.8% in the first quarter. First Horizon Advisors Inc. now owns 1,276 shares of the company’s stock valued at $91,000 after buying an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 83.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on GXO shares. JPMorgan Chase & Co. decreased their price objective on shares of GXO Logistics from $83.00 to $68.00 and set an “overweight” rating for the company in a research note on Tuesday, July 12th. Morgan Stanley decreased their price objective on shares of GXO Logistics from $73.00 to $67.00 and set an “equal weight” rating for the company in a research note on Thursday, August 4th. Susquehanna upped their price objective on shares of GXO Logistics from $61.00 to $65.00 in a research note on Thursday, August 4th. Oppenheimer decreased their price objective on shares of GXO Logistics from $91.00 to $78.00 in a research note on Wednesday, August 10th. Finally, Credit Suisse Group upped their price objective on shares of GXO Logistics from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, GXO Logistics has a consensus rating of “Moderate Buy” and an average target price of $80.65.

GXO Logistics Price Performance

Shares of NYSE:GXO opened at $41.29 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.70. The company has a market cap of $4.90 billion and a P/E ratio of 22.20. GXO Logistics, Inc. has a 52 week low of $38.08 and a 52 week high of $105.92. The company has a 50-day moving average price of $45.52 and a 200 day moving average price of $53.68.

GXO Logistics (NYSE:GXOGet Rating) last issued its earnings results on Tuesday, August 2nd. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. GXO Logistics had a net margin of 2.55% and a return on equity of 12.25%. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Research analysts predict that GXO Logistics, Inc. will post 2.82 earnings per share for the current year.

Insider Transactions at GXO Logistics

In other GXO Logistics news, Director S Jacobs Bradley sold 5,167,500 shares of GXO Logistics stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $48.35, for a total value of $249,848,625.00. Following the completion of the sale, the director now directly owns 1,300,701 shares of the company’s stock, valued at approximately $62,888,893.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 11.10% of the company’s stock.

GXO Logistics Profile

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GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, and other supply chain services, as well as reverse logistics or returns management services. As of December 31, 2021, it operated in approximately 906 facilities.

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Institutional Ownership by Quarter for GXO Logistics (NYSE:GXO)

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