LPL Financial LLC Sells 5,598 Shares of GXO Logistics, Inc. (NYSE:GXO)

LPL Financial LLC lessened its holdings in shares of GXO Logistics, Inc. (NYSE:GXO – Get Rating) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,953 shares of the company’s stock after selling 5,598 shares during the period. LPL Financial LLC’s holdings in GXO Logistics were worth $2,389,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Louisiana State Employees Retirement System lifted its position in GXO Logistics by 0.6% in the 4th quarter. Louisiana State Employees Retirement System now owns 31,800 shares of the company’s stock valued at $1,358,000 after acquiring an additional 200 shares in the last quarter. Pinnacle Associates Ltd. lifted its position in shares of GXO Logistics by 2.6% in the fourth quarter. Pinnacle Associates Ltd. now owns 10,850 shares of the company’s stock worth $476,000 after purchasing an additional 275 shares in the last quarter. Parallel Advisors LLC boosted its holdings in GXO Logistics by 9.6% during the fourth quarter. Parallel Advisors LLC now owns 3,381 shares of the company’s stock worth $144,000 after purchasing an additional 295 shares during the last quarter. State of Michigan Retirement System grew its position in GXO Logistics by 1.0% in the fourth quarter. State of Michigan Retirement System now owns 30,227 shares of the company’s stock valued at $1,290,000 after purchasing an additional 300 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in GXO Logistics by 0.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 34,925 shares of the company’s stock valued at $1,491,000 after buying an additional 318 shares during the last quarter. Institutional investors own 99.47% of the company’s stock.

GXO Logistics Price Performance

GXO Logistics stock opened at $58.59 on Monday. The stock’s 50 day moving average is $50.92 and its 200 day moving average is $48.39. GXO Logistics, Inc. has a one year low of $32.10 and a one year high of $59.44. The firm has a market cap of $10.61 billion, a P/E ratio of 37.32, a P/E/G ratio of 1.95 and a beta of 1.69. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.95 and a quick ratio of 0.95.

GXO Logistics (NYSE:GXO – Get Rating) last released its earnings results on Tuesday, May 9th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.30 billion. GXO Logistics had a net margin of 2.00% and a return on equity of 12.35%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 EPS. As a group, research analysts expect that GXO Logistics, Inc. will post 2.5 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Barclays upped their target price on GXO Logistics from $52.00 to $55.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 15th. Wells Fargo & Company dropped their price target on shares of GXO Logistics from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, February 16th. The Goldman Sachs Group upped their price target on shares of GXO Logistics from $52.00 to $55.00 in a research report on Wednesday, February 15th. Oppenheimer upped their price target on shares of GXO Logistics from $52.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 15th. Finally, Susquehanna upped their price objective on GXO Logistics from $61.00 to $63.00 in a research note on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.94.

GXO Logistics Company 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.