Mendel Money Management Sells 7,751 Shares of GXO Logistics, Inc. (NYSE:GXO)

Mendel Money Management lessened its stake in GXO Logistics, Inc. (NYSE:GXO) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,610 shares of the company’s stock after selling 7,751 shares during the quarter. GXO Logistics makes up about 1.3% of Mendel Money Management’s holdings, making the stock its 28th largest position. Mendel Money Management’s holdings in GXO Logistics were worth $2,811,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Stifel Financial Corp boosted its position in GXO Logistics by 95.8% during the third quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock worth $3,960,000 after purchasing an additional 37,197 shares during the period. Douglas Lane & Associates LLC grew its position in GXO Logistics by 6.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock worth $20,904,000 after acquiring an additional 31,015 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of GXO Logistics by 2.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company’s stock valued at $26,153,000 after buying an additional 12,208 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of GXO Logistics in the 3rd quarter worth approximately $667,000. Finally, Barclays PLC boosted its position in GXO Logistics by 28.9% during the third quarter. Barclays PLC now owns 62,545 shares of the company’s stock valued at $3,256,000 after buying an additional 14,020 shares during the period. 90.67% of the stock is owned by institutional investors.

GXO Logistics Trading Down 0.6 %

NYSE GXO opened at $40.26 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. The stock has a market capitalization of $4.81 billion, a P/E ratio of 35.95, a PEG ratio of 1.34 and a beta of 1.62. The firm’s 50-day moving average is $41.59 and its two-hundred day moving average is $49.02. GXO Logistics, Inc. has a 12 month low of $34.51 and a 12 month high of $63.33.

GXO Logistics (NYSE:GXO) last released its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. On average, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on GXO shares. Truist Financial assumed coverage on GXO Logistics in a research note on Thursday, March 13th. They issued a “hold” rating and a $40.00 target price on the stock. Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and cut their target price for the stock from $71.00 to $49.00 in a research note on Monday, February 3rd. Wells Fargo & Company decreased their price objective on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating for the company in a report on Friday, February 14th. The Goldman Sachs Group dropped their price target on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Barclays lowered their price objective on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, GXO Logistics has a consensus rating of “Moderate Buy” and an average target price of $55.60.

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, 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.