GXO Logistics, Inc. (NYSE:GXO) Shares Sold by American Century Companies Inc.

American Century Companies Inc. reduced its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 71.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 884,607 shares of the company’s stock after selling 2,212,970 shares during the quarter. American Century Companies Inc.’s holdings in GXO Logistics were worth $38,480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC raised its holdings in shares of GXO Logistics by 15.0% during the third quarter. Natixis Advisors LLC now owns 17,591 shares of the company’s stock worth $916,000 after purchasing an additional 2,288 shares during the period. Charles Schwab Investment Management Inc. raised its stake in GXO Logistics by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,197,898 shares of the company’s stock worth $62,375,000 after acquiring an additional 17,953 shares during the period. Cerity Partners LLC raised its stake in GXO Logistics by 3.7% during the third quarter. Cerity Partners LLC now owns 103,523 shares of the company’s stock worth $5,390,000 after acquiring an additional 3,719 shares during the period. Brooklyn Investment Group bought a new position in GXO Logistics in the third quarter worth about $106,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of GXO Logistics by 12.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,031 shares of the company’s stock valued at $2,761,000 after purchasing an additional 6,004 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GXO has been the topic of several recent research reports. Barclays cut their price target on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and cut their target price for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. UBS Group lowered their price target on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Truist Financial initiated coverage on shares of GXO Logistics in a research report on Thursday, March 13th. They issued a “hold” rating and a $40.00 price objective on the stock. Finally, The Goldman Sachs Group dropped their price target on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, GXO Logistics presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

GXO Logistics Trading Up 0.2 %

Shares of GXO stock opened at $39.99 on Friday. The stock has a 50-day simple moving average of $41.41 and a 200 day simple moving average of $48.90. The stock has a market capitalization of $4.78 billion, a P/E ratio of 35.70, a P/E/G ratio of 1.34 and a beta of 1.62. GXO Logistics, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $63.33. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83.

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 net margin of 1.14% and a return on equity of 11.16%. On average, sell-side analysts expect that GXO Logistics, Inc. will post 2.49 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.