Bokf Na Sells 287 Shares of GXO Logistics, Inc. (NYSE:GXO)

Bokf Na cut its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 25.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 844 shares of the company’s stock after selling 287 shares during the quarter. Bokf Na’s holdings in GXO Logistics were worth $53,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Perpetual Ltd bought a new stake in shares of GXO Logistics in the first quarter valued at approximately $268,865,000. Morgan Stanley grew its stake in GXO Logistics by 58.9% in the 4th quarter. Morgan Stanley now owns 2,746,808 shares of the company’s stock valued at $117,261,000 after buying an additional 1,017,980 shares in the last quarter. Mar Vista Investment Partners LLC bought a new stake in GXO Logistics during the 1st quarter valued at $71,087,000. Norges Bank purchased a new position in shares of GXO Logistics in the fourth quarter valued at $41,706,000. Finally, Orbis Allan Gray Ltd lifted its holdings in GXO Logistics by 5.9% during the 1st quarter. Orbis Allan Gray Ltd now owns 15,931,035 shares of the company’s stock worth $803,880,000 after purchasing an additional 882,851 shares in the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Price Performance

GXO traded up $0.20 during midday trading on Monday, hitting $57.60. The stock had a trading volume of 102,561 shares, compared to its average volume of 755,159. GXO Logistics, Inc. has a 1 year low of $40.21 and a 1 year high of $67.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.01. The business has a fifty day moving average of $55.25 and a 200 day moving average of $59.24. The company has a market cap of $6.85 billion, a P/E ratio of 34.10, a price-to-earnings-growth ratio of 2.56 and a beta of 1.75.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. GXO Logistics had a net margin of 2.09% and a return on equity of 11.76%. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.48 billion. During the same quarter in the prior year, the company earned $0.75 EPS. The firm’s revenue was up 8.0% on a year-over-year basis. As a group, equities analysts forecast that GXO Logistics, Inc. will post 2.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on GXO shares. Credit Suisse Group reaffirmed an “outperform” rating and set a $81.00 target price on shares of GXO Logistics in a report on Friday, August 11th. Citigroup upped their target price on shares of GXO Logistics from $66.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, August 31st. Oppenheimer cut their price target on shares of GXO Logistics from $76.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, November 13th. Susquehanna lowered their price objective on GXO Logistics from $74.00 to $66.00 and set a “positive” rating on the stock in a research report on Thursday, November 9th. Finally, TD Cowen boosted their target price on GXO Logistics from $64.00 to $77.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.47.

About GXO Logistics

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, 2022, it operated in approximately 979 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.