GXO Logistics, Inc. $GXO Shares Sold by CI Investments Inc.

CI Investments Inc. lowered its position in GXO Logistics, Inc. (NYSE:GXO) by 12.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 69,306 shares of the company’s stock after selling 9,587 shares during the period. CI Investments Inc.’s holdings in GXO Logistics were worth $3,594,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GXO. Northwestern Mutual Wealth Management Co. boosted its position in shares of GXO Logistics by 3,222,426.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,697,772 shares of the company’s stock worth $593,791,000 after buying an additional 11,697,409 shares in the last quarter. Focus Partners Wealth purchased a new position in GXO Logistics during the 4th quarter valued at about $181,648,000. Victory Capital Management Inc. raised its position in GXO Logistics by 1,168.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,191,218 shares of the company’s stock worth $62,706,000 after acquiring an additional 1,097,298 shares during the last quarter. Norges Bank acquired a new position in GXO Logistics during the fourth quarter worth about $57,598,000. Finally, Milford Funds Ltd. purchased a new stake in shares of GXO Logistics in the fourth quarter valued at about $43,250,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Trading Down 2.6%

Shares of GXO Logistics stock opened at $52.59 on Friday. GXO Logistics, Inc. has a fifty-two week low of $45.40 and a fifty-two week high of $66.85. The firm has a market cap of $6.05 billion, a PE ratio of 46.13, a P/E/G ratio of 1.79 and a beta of 1.55. The business’s fifty day moving average is $50.05 and its two-hundred day moving average is $54.24. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.88.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. The business had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.22 billion. GXO Logistics had a return on equity of 10.55% and a net margin of 0.98%.The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 earnings per share. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. Analysts anticipate that GXO Logistics, Inc. will post 3.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Citigroup began coverage on GXO Logistics in a report on Wednesday, July 15th. They set a “market outperform” rating on the stock. Citizens Jmp started coverage on shares of GXO Logistics in a research note on Wednesday, July 15th. They issued a “market perform” rating and a $80.00 target price for the company. Morgan Stanley upped their target price on shares of GXO Logistics from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Wall Street Zen cut shares of GXO Logistics from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Stephens initiated coverage on shares of GXO Logistics in a report on Wednesday, July 8th. They set an “overweight” rating and a $75.00 price target for the company. Twelve research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, GXO Logistics presently has an average rating of “Moderate Buy” and an average target price of $70.07.

GXO Logistics Profile

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.