Kennedy Capital Management LLC Sells 10,714 Shares of GXO Logistics, Inc. (NYSE:GXO)

Kennedy Capital Management LLC lowered its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 7.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 139,606 shares of the company’s stock after selling 10,714 shares during the period. Kennedy Capital Management LLC owned approximately 0.12% of GXO Logistics worth $7,505,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of GXO. Headlands Technologies LLC bought a new position in GXO Logistics during the 4th quarter worth approximately $59,000. Motco boosted its position in shares of GXO Logistics by 2,836.4% during the first quarter. Motco now owns 1,292 shares of the company’s stock worth $69,000 after purchasing an additional 1,248 shares in the last quarter. Smithfield Trust Co increased its position in shares of GXO Logistics by 16.5% in the 1st quarter. Smithfield Trust Co now owns 1,378 shares of the company’s stock valued at $73,000 after buying an additional 195 shares in the last quarter. LRI Investments LLC bought a new stake in shares of GXO Logistics in the first quarter worth about $80,000. Finally, CWM LLC grew its position in shares of GXO Logistics by 28.1% in the 4th quarter. CWM LLC now owns 1,778 shares of the company’s stock valued at $109,000 after purchasing an additional 390 shares during the period. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other GXO Logistics news, CEO Malcolm Wilson acquired 10,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were purchased at an average price of $49.95 per share, for a total transaction of $499,500.00. Following the completion of the purchase, the chief executive officer now directly owns 100,814 shares of the company’s stock, valued at $5,035,659.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

GXO has been the topic of several research analyst reports. Loop Capital dropped their target price on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. TD Cowen upped their price objective on GXO Logistics from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Stifel Nicolaus reiterated a “buy” rating and set a $74.00 price objective on shares of GXO Logistics in a report on Wednesday, May 15th. JPMorgan Chase & Co. boosted their target price on GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Finally, Wells Fargo & Company initiated coverage on shares of GXO Logistics in a research note on Friday, June 7th. They set an “overweight” rating and a $58.00 price target for the company. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, GXO Logistics currently has an average rating of “Moderate Buy” and an average target price of $69.00.

GXO Logistics Stock Up 0.1 %

Shares of GXO Logistics stock traded up $0.08 on Wednesday, reaching $55.20. 29,488 shares of the company were exchanged, compared to its average volume of 849,328. GXO Logistics, Inc. has a one year low of $46.38 and a one year high of $67.22. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average of $50.69 and a 200 day moving average of $51.84. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 39.74, a PEG ratio of 1.66 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.38 billion. GXO Logistics had a net margin of 1.68% and a return on equity of 10.60%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 earnings per share. On average, equities research analysts forecast that GXO Logistics, Inc. will post 2.78 earnings per share for the current year.

GXO Logistics Company 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.