Victory Capital Management Inc. lowered its holdings in GXO Logistics, Inc. (NYSE:GXO – Get Rating) by 0.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 977,678 shares of the company’s stock after selling 1,479 shares during the quarter. Victory Capital Management Inc.’s holdings in GXO Logistics were worth $34,277,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the business. Citigroup Inc. raised its stake in shares of GXO Logistics by 25.6% during the 1st quarter. Citigroup Inc. now owns 16,948 shares of the company’s stock worth $1,208,000 after acquiring an additional 3,457 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of GXO Logistics by 175.7% in the 1st quarter. Bank of Montreal Can now owns 24,502 shares of the company’s stock valued at $1,843,000 after acquiring an additional 15,615 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of GXO Logistics by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 36,133 shares of the company’s stock valued at $2,578,000 after acquiring an additional 3,445 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in GXO Logistics by 44.8% during the first quarter. Raymond James Trust N.A. now owns 5,979 shares of the company’s stock worth $427,000 after buying an additional 1,849 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in shares of GXO Logistics by 2.5% during the 1st quarter. Lord Abbett & CO. LLC now owns 169,181 shares of the company’s stock worth $12,069,000 after acquiring an additional 4,084 shares in the last quarter. Institutional investors own 99.47% of the company’s stock.
Insider Buying and Selling at GXO Logistics
In other GXO Logistics news, Director Gena L. Ashe sold 2,120 shares of the stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $52.73, for a total transaction of $111,787.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Gena L. Ashe sold 2,120 shares of GXO Logistics stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $52.73, for a total value of $111,787.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Malcolm Wilson acquired 4,174 shares of the business’s stock in a transaction that occurred on Friday, November 25th. The stock was purchased at an average price of $43.97 per share, for a total transaction of $183,530.78. Following the completion of the transaction, the chief executive officer now owns 45,509 shares in the company, valued at $2,001,030.73. The disclosure for this purchase can be found here. 11.10% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
GXO Logistics Stock Performance
Shares of GXO stock opened at $53.26 on Monday. GXO Logistics, Inc. has a one year low of $32.10 and a one year high of $88.34. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50 day moving average price of $45.20 and a 200 day moving average price of $42.87. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 30.09, a price-to-earnings-growth ratio of 1.83 and a beta of 1.55.
GXO Logistics (NYSE:GXO – Get Rating) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.05. GXO Logistics had a net margin of 2.36% and a return on equity of 12.90%. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.29 billion. Sell-side analysts anticipate that GXO Logistics, Inc. will post 2.77 EPS for the current year.
GXO Logistics Company Profile
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.
- Get a free copy of the StockNews.com research report on GXO Logistics (GXO)
- CVS Health is Growing into an Integrated Healthcare Organization
- NVIDIA Outlook Improving: Watchlist Candidate for 2023
- Is C3.ai Stock a ChatGPT Artificial Intelligence Play?
- Which Wireless Stock Should You Buy in 2023?
- Is Virgin Galactic Stock Preparing for Lift-Off?
Receive News & Ratings for GXO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GXO Logistics and related companies with MarketBeat.com's FREE daily email newsletter.