Sumitomo Mitsui DS Asset Management Company Ltd Sells 28,295 Shares of GXO Logistics, Inc. (NYSE:GXO)

Sumitomo Mitsui DS Asset Management Company Ltd lessened its holdings in GXO Logistics, Inc. (NYSE:GXO) by 61.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,981 shares of the company’s stock after selling 28,295 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in GXO Logistics were worth $782,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Mount Lucas Management LP lifted its stake in GXO Logistics by 2.4% during the third quarter. Mount Lucas Management LP now owns 7,327 shares of the company’s stock worth $382,000 after purchasing an additional 173 shares during the period. Mathes Company Inc. boosted its stake in GXO Logistics by 0.7% in the 3rd quarter. Mathes Company Inc. now owns 25,475 shares of the company’s stock valued at $1,326,000 after buying an additional 175 shares in the last quarter. Nisa Investment Advisors LLC grew its position in GXO Logistics by 7.7% in the third quarter. Nisa Investment Advisors LLC now owns 3,064 shares of the company’s stock valued at $160,000 after acquiring an additional 220 shares during the period. CWM LLC raised its stake in GXO Logistics by 13.8% during the third quarter. CWM LLC now owns 1,961 shares of the company’s stock worth $102,000 after acquiring an additional 238 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of GXO Logistics by 37.2% during the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after acquiring an additional 249 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on GXO shares. TD Cowen boosted their price target on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group reduced their target price on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Barclays dropped their price target on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. Oppenheimer boosted their price objective on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, UBS Group raised their target price on GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $63.46.

GXO Logistics Stock Down 0.1 %

Shares of NYSE:GXO opened at $43.02 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 47.80, a P/E/G ratio of 1.19 and a beta of 1.60. The company has a 50 day moving average of $45.04 and a 200-day moving average of $51.13. GXO Logistics, Inc. has a one year low of $41.38 and a one year high of $63.33.

About GXO Logistics

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.