Clearbridge Investments LLC Sells 30,492 Shares of GXO Logistics, Inc. $GXO

Clearbridge Investments LLC cut its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,740,919 shares of the company’s stock after selling 30,492 shares during the period. Clearbridge Investments LLC owned 4.14% of GXO Logistics worth $249,562,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ashton Thomas Private Wealth LLC boosted its stake in shares of GXO Logistics by 1.8% during the third quarter. Ashton Thomas Private Wealth LLC now owns 11,319 shares of the company’s stock valued at $599,000 after purchasing an additional 202 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of GXO Logistics by 14.3% during the fourth quarter. GAMMA Investing LLC now owns 1,634 shares of the company’s stock valued at $86,000 after purchasing an additional 205 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of GXO Logistics by 22.0% during the third quarter. Fifth Third Bancorp now owns 1,213 shares of the company’s stock valued at $64,000 after purchasing an additional 219 shares in the last quarter. First Bank & Trust boosted its stake in shares of GXO Logistics by 4.0% during the fourth quarter. First Bank & Trust now owns 5,696 shares of the company’s stock valued at $300,000 after purchasing an additional 219 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of GXO Logistics by 11.4% during the fourth quarter. CWM LLC now owns 2,350 shares of the company’s stock valued at $124,000 after purchasing an additional 240 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GXO has been the subject of several recent analyst reports. UBS Group raised their target price on shares of GXO Logistics from $63.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Wall Street Zen upgraded shares of GXO Logistics from a “hold” rating to a “buy” rating in a research note on Sunday, May 31st. Susquehanna restated a “positive” rating and issued a $82.00 target price on shares of GXO Logistics in a research note on Thursday, February 12th. Truist Financial raised their target price on shares of GXO Logistics from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, Morgan Stanley restated an “overweight” rating and issued a $75.00 target price on shares of GXO Logistics in a research note on Tuesday, February 17th. Eleven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.92.

GXO Logistics Trading Down 2.0%

NYSE GXO opened at $48.68 on Friday. The company has a fifty day simple moving average of $52.31 and a two-hundred day simple moving average of $54.44. The stock has a market cap of $5.60 billion, a P/E ratio of 42.71, a P/E/G ratio of 1.62 and a beta of 1.56. GXO Logistics, Inc. has a 12-month low of $42.09 and a 12-month high of $66.85. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.88.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.13. The business had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.22 billion. GXO Logistics had a net margin of 0.98% and a return on equity of 10.55%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company posted $0.29 earnings per share. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. On average, analysts forecast that GXO Logistics, Inc. will post 3.06 earnings per share for the current year.

About GXO Logistics

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.