Swedbank AB Trims Position in GXO Logistics, Inc. $GXO

Swedbank AB trimmed its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 13.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,470,000 shares of the company’s stock after selling 230,000 shares during the period. Swedbank AB’s holdings in GXO Logistics were worth $76,220,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Allworth Financial LP increased its stake in GXO Logistics by 175.0% in the 3rd quarter. Allworth Financial LP now owns 517 shares of the company’s stock worth $27,000 after buying an additional 329 shares in the last quarter. Chapman Financial Group LLC bought a new position in shares of GXO Logistics in the second quarter worth about $34,000. Farther Finance Advisors LLC boosted its stake in shares of GXO Logistics by 85.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,420 shares of the company’s stock worth $75,000 after acquiring an additional 653 shares during the period. Geneos Wealth Management Inc. grew its position in shares of GXO Logistics by 4,775.6% during the first quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock worth $78,000 after purchasing an additional 1,958 shares in the last quarter. Finally, Danske Bank A S bought a new stake in GXO Logistics during the 3rd quarter valued at approximately $79,000. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Trading Up 1.2%

GXO stock opened at $51.80 on Wednesday. GXO Logistics, Inc. has a twelve month low of $45.40 and a twelve month high of $66.85. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 45.44, a price-to-earnings-growth ratio of 1.69 and a beta of 1.55. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.88. The firm’s fifty day simple moving average is $50.15 and its two-hundred day simple moving average is $54.36.

GXO Logistics (NYSE:GXO) last issued 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. GXO Logistics had a return on equity of 10.55% and a net margin of 0.98%.The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.22 billion. During the same period last year, the company earned $0.29 EPS. GXO Logistics’s quarterly revenue was up 10.8% compared to the same quarter last year. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. As a group, analysts anticipate that GXO Logistics, Inc. will post 3.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Morgan Stanley boosted their price target on GXO Logistics from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday. Stifel Nicolaus set a $71.00 target price on shares of GXO Logistics in a research report on Thursday, May 7th. Weiss Ratings downgraded shares of GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 1st. Barclays raised GXO Logistics from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $58.00 to $65.00 in a report on Wednesday, May 27th. Finally, Wells Fargo & Company decreased their target price on shares of GXO Logistics from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, GXO Logistics currently has an average rating of “Moderate Buy” and a consensus target price of $70.17.

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.