NINE MASTS CAPITAL Ltd bought a new position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,103 shares of the company's stock, valued at approximately $483,000.
Other large investors have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of GXO Logistics in the 4th quarter valued at approximately $47,626,000. Global Alpha Capital Management Ltd. purchased a new stake in shares of GXO Logistics during the 3rd quarter valued at approximately $32,434,000. Brown Brothers Harriman & Co. raised its position in shares of 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 buying an additional 495,829 shares during the period. River Road Asset Management LLC lifted its holdings in GXO Logistics by 40.4% in the third quarter. River Road Asset Management LLC now owns 1,308,532 shares of the company's stock valued at $68,135,000 after acquiring an additional 376,704 shares during the last quarter. Finally, Life Planning Partners Inc grew its position in GXO Logistics by 4,250.0% in the fourth quarter. Life Planning Partners Inc now owns 263,393 shares of the company's stock worth $11,458,000 after acquiring an additional 257,338 shares during the period. 90.67% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on GXO shares. Stifel Nicolaus restated a "buy" rating and issued a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. The Goldman Sachs Group decreased their target price on shares of GXO Logistics from $63.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. UBS Group dropped their price target on shares of GXO Logistics from $72.00 to $50.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Barclays reduced their price target on shares of GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. Finally, Morgan Stanley dropped their target price on shares of GXO Logistics from $63.00 to $57.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $57.62.
Check Out Our Latest Stock Report on GXO
GXO Logistics Stock Down 0.3 %
Shares of NYSE:GXO traded down $0.13 during trading on Thursday, hitting $38.35. The company's stock had a trading volume of 1,597,784 shares, compared to its average volume of 1,113,196. GXO Logistics, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $63.33. The business has a 50 day moving average price of $42.76 and a two-hundred day moving average price of $49.95. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. The company has a market capitalization of $4.58 billion, a PE ratio of 34.24, a P/E/G ratio of 1.34 and a beta of 1.60.
GXO Logistics (NYSE:GXO - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. As a group, research analysts expect that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.
About GXO Logistics
(
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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