Mystic Asset Management Inc. Reduces Holdings in GXO Logistics, Inc. (NYSE:GXO)

Mystic Asset Management Inc. lowered its position in GXO Logistics, Inc. (NYSE:GXO) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 20,515 shares of the company’s stock after selling 470 shares during the quarter. Mystic Asset Management Inc.’s holdings in GXO Logistics were worth $892,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. acquired a new position in shares of GXO Logistics in the 4th quarter valued at approximately $47,626,000. River Road Asset Management LLC raised its holdings in GXO Logistics by 53.5% in the fourth quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company’s stock valued at $87,355,000 after acquiring an additional 699,636 shares in the last quarter. Global Alpha Capital Management Ltd. bought a new position in GXO Logistics during the 3rd quarter valued at $32,434,000. Brown Brothers Harriman & Co. boosted its stake in GXO Logistics by 105.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 968,267 shares of the company’s stock valued at $50,418,000 after acquiring an additional 495,829 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in GXO Logistics during the 4th quarter worth $20,905,000. 90.67% of the stock is owned by hedge funds and other institutional investors.

GXO Logistics Trading Up 2.7 %

Shares of NYSE:GXO opened at $41.26 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The company’s 50-day moving average price is $42.01 and its 200 day moving average price is $49.37. The company has a market cap of $4.93 billion, a PE ratio of 36.83, 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.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. Sell-side analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Oppenheimer cut their target price on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft initiated coverage on GXO Logistics in a report on Friday, March 7th. They set a “hold” rating and a $45.00 target price on the stock. Barclays lowered their price target on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Wells Fargo & Company reduced their price objective on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Finally, Morgan Stanley lowered their target price on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, GXO Logistics has a consensus rating of “Moderate Buy” and a consensus price target of $55.60.

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.