GXO Logistics, Inc. (NYSE:GXO) Director Sells $236,850.00 in Stock

GXO Logistics, Inc. (NYSE:GXOGet Free Report) Director Gena L. Ashe sold 4,737 shares of GXO Logistics stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $50.00, for a total value of $236,850.00. Following the sale, the director now directly owns 20,851 shares in the company, valued at $1,042,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

GXO Logistics Stock Up 0.1 %

NYSE:GXO traded up $0.05 during trading hours on Monday, reaching $49.25. The company’s stock had a trading volume of 800,506 shares, compared to its average volume of 824,027. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 2.07 and a beta of 1.63. GXO Logistics, Inc. has a one year low of $43.57 and a one year high of $67.57. The business’s 50-day moving average is $55.30 and its 200-day moving average is $56.67. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.98 and a quick ratio of 0.98.

GXO Logistics (NYSE:GXOGet Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. GXO Logistics’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 earnings per share. Equities research analysts predict that GXO Logistics, Inc. will post 2.78 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on GXO shares. TD Cowen lifted their target price on GXO Logistics from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Citigroup dropped their target price on GXO Logistics from $66.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. Oppenheimer dropped their price target on GXO Logistics from $76.00 to $66.00 and set an “outperform” rating on the stock in a report on Monday, November 13th. JPMorgan Chase & Co. dropped their price target on GXO Logistics from $69.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, December 21st. Finally, Susquehanna lifted their price objective on shares of GXO Logistics from $73.00 to $75.00 and gave the stock a “positive” rating in a research report on Thursday, February 15th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $71.09.

View Our Latest Analysis on GXO Logistics

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust raised its position in shares of GXO Logistics by 217.2% during the second quarter. Parkside Financial Bank & Trust now owns 425 shares of the company’s stock valued at $27,000 after buying an additional 291 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of GXO Logistics during the third quarter valued at about $31,000. Geneos Wealth Management Inc. acquired a new position in shares of GXO Logistics during the first quarter valued at about $39,000. Coppell Advisory Solutions LLC acquired a new position in shares of GXO Logistics during the second quarter valued at about $48,000. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of GXO Logistics by 58.2% during the first quarter. Nomura Asset Management Co. Ltd. now owns 870 shares of the company’s stock valued at $44,000 after buying an additional 320 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

About GXO Logistics

(Get Free Report)

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.

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