2 weeks Ago By ABMN Staff
Sei Investments Co. cut its holdings in shares of GXO Logistics, Inc. ( NYSE:GXO – Free Report ) by 38.
3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,155 shares of the company’s stock after selling 73,397 shares during the quarter. Sei Investments Co.
’s holdings in GXO Logistics were worth $5,140,000 as of its most recent SEC filing. Several other hedge funds also recently modified their holdings of GXO. R Squared Ltd acquired a new position in GXO Logistics during the 4th quarter valued at $54,000.
Nomura Asset Management Co. Ltd. increased its holdings in shares of GXO Logistics by 33.
3% during the 3rd quarter. Nomura Asset Management Co. Ltd.
now owns 1,160 shares of the company’s stock worth $60,000 after purchasing an additional 290 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of GXO Logistics by 213.
5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock valued at $60,000 after buying an additional 933 shares during the last quarter.
Whittier Trust Co. of Nevada Inc. lifted its stake in shares of GXO Logistics by 33.
7% in the fourth quarter. Whittier Trust Co. of Nevada Inc.
now owns 1,380 shares of the company’s stock valued at $60,000 after buying an additional 348 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in GXO Logistics during the third quarter worth about $71,000. 90.
67% of the stock is owned by institutional investors. GXO Logistics Trading Up 0.8 % GXO stock opened at $39.
39 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.
83 and a debt-to-equity ratio of 0.83. GXO Logistics, Inc.
has a twelve month low of $34.51 and a twelve month high of $63.33.
The company has a market cap of $4.71 billion, a P/E ratio of 35.17, a PEG ratio of 1.
34 and a beta of 1.62. The business has a fifty day moving average of $41.
10 and a 200-day moving average of $48.68. Wall Street Analyst Weigh In A number of analysts have commented on the company.
Morgan Stanley reduced their price objective on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday, February 14th.
Oppenheimer reduced their target price on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th.
Loop Capital lowered shares of GXO Logistics from a “buy” rating to a “hold” rating and lowered their price target for the company from $71.00 to $49.00 in a report on Monday, February 3rd.
Barclays reduced their price objective on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th.
Finally, The Goldman Sachs Group lowered their target price on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th.
Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $56.
00. View Our Latest Report on GXO GXO Logistics Company Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding GXO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for GXO Logistics, Inc. ( NYSE:GXO – Free Report ). 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.
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