Perpetual Ltd Sells 101,371 Shares of GXO Logistics, Inc. (NYSE:GXO)

Perpetual Ltd decreased its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,143,541 shares of the company’s stock after selling 101,371 shares during the quarter. GXO Logistics makes up about 1.6% of Perpetual Ltd’s holdings, making the stock its 19th biggest position. Perpetual Ltd’s holdings in GXO Logistics were worth $136,744,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mount Lucas Management LP increased its position in GXO Logistics by 2.4% during the third quarter. Mount Lucas Management LP now owns 7,327 shares of the company’s stock worth $382,000 after buying an additional 173 shares during the last quarter. Mathes Company Inc. increased its holdings in shares of GXO Logistics by 0.7% during the 3rd quarter. Mathes Company Inc. now owns 25,475 shares of the company’s stock valued at $1,326,000 after acquiring an additional 175 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of GXO Logistics by 7.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,064 shares of the company’s stock valued at $160,000 after acquiring an additional 220 shares during the last quarter. CWM LLC raised its stake in shares of GXO Logistics by 13.8% in the 3rd quarter. CWM LLC now owns 1,961 shares of the company’s stock valued at $102,000 after acquiring an additional 238 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in GXO Logistics by 37.2% in the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after purchasing an additional 249 shares during the last quarter. Institutional investors own 90.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays dropped their price target on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. Oppenheimer lifted their target price on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. UBS Group upped their price target on shares of GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. TD Cowen lifted their price objective on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Susquehanna decreased their target price on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research note on Thursday, September 26th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, GXO Logistics currently has an average rating of “Moderate Buy” and an average price target of $65.38.

GXO Logistics Price Performance

Shares of GXO stock opened at $43.98 on Tuesday. GXO Logistics, Inc. has a 12 month low of $41.38 and a 12 month high of $63.33. The company has a market capitalization of $5.25 billion, a P/E ratio of 48.86, a P/E/G ratio of 1.17 and a beta of 1.60. The stock has a 50 day moving average of $49.89 and a two-hundred day moving average of $52.03. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO) last issued its earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.78 by $0.01. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. GXO Logistics’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period last year, the business earned $0.69 earnings per share. As a group, equities analysts expect that GXO Logistics, Inc. will post 2.73 EPS for the current year.

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, 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.