Quent Capital LLC Lowers Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Quent Capital LLC reduced its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 89.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 936 shares of the company’s stock after selling 8,172 shares during the quarter. Quent Capital LLC’s holdings in GXO Logistics were worth $41,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GXO. Vaughan Nelson Investment Management L.P. bought a new position in shares of GXO Logistics during the fourth quarter valued at about $47,626,000. Global Alpha Capital Management Ltd. bought a new position in shares of GXO Logistics during the third quarter valued at about $32,434,000. Brown Brothers Harriman & Co. grew its stake in shares of GXO Logistics by 105.0% during the third quarter. Brown Brothers Harriman & Co. now owns 968,267 shares of the company’s stock valued at $50,418,000 after buying an additional 495,829 shares during the last quarter. River Road Asset Management LLC grew its stake in shares of GXO Logistics by 40.4% during the third quarter. River Road Asset Management LLC now owns 1,308,532 shares of the company’s stock valued at $68,135,000 after buying an additional 376,704 shares during the last quarter. Finally, Swedbank AB grew its stake in shares of GXO Logistics by 13.9% during the fourth quarter. Swedbank AB now owns 2,050,000 shares of the company’s stock valued at $89,175,000 after buying an additional 250,000 shares during the last quarter. 90.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GXO has been the topic of a number of recent research reports. Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and reduced their price objective for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. Oppenheimer raised their target price on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group cut their target price on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Barclays cut their target price on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, UBS Group raised their target price on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, GXO Logistics currently has an average rating of “Moderate Buy” and a consensus target price of $62.92.

GXO Logistics Stock Performance

GXO Logistics stock opened at $36.44 on Friday. The stock’s 50 day simple moving average is $44.61 and its two-hundred day simple moving average is $50.97. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 40.48, a PEG ratio of 1.19 and a beta of 1.60. GXO Logistics, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $63.33.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.06. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. As a group, analysts expect that GXO Logistics, Inc. will post 2.73 earnings per share for the current fiscal year.

GXO Logistics 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.