Northcape Capital Pty Ltd Sells 949 Shares of GXO Logistics, Inc. (NYSE:GXO)

Northcape Capital Pty Ltd lessened its holdings in GXO Logistics, Inc. (NYSE:GXO) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,170 shares of the company’s stock after selling 949 shares during the quarter. GXO Logistics makes up approximately 0.3% of Northcape Capital Pty Ltd’s investment portfolio, making the stock its 21st largest position. Northcape Capital Pty Ltd’s holdings in GXO Logistics were worth $2,273,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Payden & Rygel Investment Group bought a new position in GXO Logistics during the 3rd quarter worth $18,272,000. Amalgamated Bank increased its position in GXO Logistics by 13.9% during the 3rd quarter. Amalgamated Bank now owns 87,426 shares of the company’s stock valued at $5,128,000 after purchasing an additional 10,660 shares during the period. Retirement Planning Co of New England Inc. raised its holdings in GXO Logistics by 79.0% during the 3rd quarter. Retirement Planning Co of New England Inc. now owns 22,978 shares of the company’s stock worth $1,348,000 after purchasing an additional 10,141 shares during the last quarter. UBS Group AG increased its position in shares of GXO Logistics by 30.4% during the third quarter. UBS Group AG now owns 118,469 shares of the company’s stock worth $6,948,000 after buying an additional 27,616 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in GXO Logistics during the third quarter worth $4,876,000. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Stock Performance

GXO traded up $1.13 during trading hours on Thursday, hitting $53.76. The stock had a trading volume of 687,707 shares, compared to its average volume of 866,771. The stock has a market cap of $6.41 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 2.14 and a beta of 1.63. GXO Logistics, Inc. has a 1 year low of $47.81 and a 1 year high of $67.57. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.55. The company’s fifty day simple moving average is $53.08 and its 200 day simple moving average is $55.59.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.83 EPS. Equities analysts anticipate that GXO Logistics, Inc. will post 2.79 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. BNP Paribas upgraded GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price target for the company in a report on Wednesday. TD Cowen boosted their price target on GXO Logistics from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. reduced their price objective on shares of GXO Logistics from $69.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, December 21st. Stifel Nicolaus increased their target price on shares of GXO Logistics from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Finally, Susquehanna lifted their price target on shares of GXO Logistics from $73.00 to $75.00 and gave the company a “positive” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $69.33.

Insider Activity

In related news, Director Gena L. Ashe sold 4,737 shares of the stock in a transaction on 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 owns 20,851 shares in the company, valued at $1,042,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Gena L. Ashe sold 10,526 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $58.15, for a total value of $612,086.90. Following the completion of the transaction, the director now directly owns 15,062 shares in the company, valued at $875,855.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gena L. Ashe sold 4,737 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $50.00, for a total value of $236,850.00. Following the completion of the transaction, the director now directly owns 20,851 shares in the company, valued at approximately $1,042,550. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

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.