Arlington Trust Co LLC Sells 360 Shares of GXO Logistics, Inc. (NYSE:GXO)

Arlington Trust Co LLC lessened its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 9.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,640 shares of the company’s stock after selling 360 shares during the period. Arlington Trust Co LLC’s holdings in GXO Logistics were worth $158,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in shares of GXO Logistics by 1.9% during the third quarter. State Street Corp now owns 3,631,328 shares of the company’s stock worth $189,083,000 after buying an additional 66,232 shares during the last quarter. Fort Pitt Capital Group LLC increased its position in GXO Logistics by 2.1% during the third quarter. Fort Pitt Capital Group LLC now owns 2,467,814 shares of the company’s stock worth $128,499,000 after acquiring an additional 51,208 shares during the period. Swedbank AB increased its position in GXO Logistics by 13.9% during the fourth quarter. Swedbank AB now owns 2,050,000 shares of the company’s stock worth $89,175,000 after acquiring an additional 250,000 shares during the period. Geode Capital Management LLC raised its stake in GXO Logistics by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,982,920 shares of the company’s stock valued at $103,279,000 after purchasing an additional 29,992 shares during the last quarter. Finally, River Road Asset Management LLC boosted its holdings in GXO Logistics by 40.4% in the 3rd quarter. River Road Asset Management LLC now owns 1,308,532 shares of the company’s stock valued at $68,135,000 after purchasing an additional 376,704 shares during the period. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Down 1.3 %

Shares of NYSE:GXO opened at $43.27 on Monday. The company has a market capitalization of $5.17 billion, a PE ratio of 48.08, a P/E/G ratio of 1.19 and a beta of 1.60. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86. The company’s fifty day moving average is $45.71 and its 200-day moving average is $51.30. GXO Logistics, Inc. has a 52 week low of $41.38 and a 52 week high of $63.33.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GXO shares. The Goldman Sachs Group dropped their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. UBS Group boosted their price target on GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Loop Capital downgraded GXO Logistics from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. TD Cowen boosted their price objective on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Barclays cut their target price on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $63.46.

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.