Fishman Jay A Ltd. MI Has $2.06 Million Stock Position in GXO Logistics, Inc. (NYSE:GXO)

Fishman Jay A Ltd. MI reduced its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 25.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,243 shares of the company’s stock after selling 16,159 shares during the period. Fishman Jay A Ltd. MI’s holdings in GXO Logistics were worth $2,055,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. DekaBank Deutsche Girozentrale acquired a new position in GXO Logistics during the 3rd quarter worth $28,000. UMB Bank n.a. raised its position in shares of GXO Logistics by 111.4% during the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after acquiring an additional 331 shares during the last quarter. Signaturefd LLC lifted its stake 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. Hara Capital LLC acquired a new position in shares of GXO Logistics during the third quarter valued at $50,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in GXO Logistics by 37.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock valued at $54,000 after acquiring an additional 282 shares during the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Price Performance

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 business has a 50-day moving average of $45.04 and a 200-day moving average of $51.13. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 47.80, a PEG ratio of 1.19 and a beta of 1.60. GXO Logistics, Inc. has a fifty-two week low of $41.38 and a fifty-two week high of $63.33.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Barclays cut their price objective on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. UBS Group boosted 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. The Goldman Sachs Group lowered their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Loop Capital cut shares of GXO Logistics from a “buy” rating to a “hold” rating and cut their price objective for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Finally, Oppenheimer upped their target price on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $63.46.

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.