Versor Investments LP acquired a new position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 15,900 shares of the company's stock, valued at approximately $692,000.
Other hedge funds have also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. purchased a new stake in GXO Logistics during the 4th quarter valued at approximately $47,626,000. Global Alpha Capital Management Ltd. acquired a new position in GXO Logistics in the 3rd quarter valued at $32,434,000. Brown Brothers Harriman & Co. lifted its stake in shares of GXO Logistics by 105.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 968,267 shares of the company's stock worth $50,418,000 after acquiring an additional 495,829 shares during the period. River Road Asset Management LLC lifted its stake in shares of GXO Logistics by 40.4% in the 3rd quarter. River Road Asset Management LLC now owns 1,308,532 shares of the company's stock worth $68,135,000 after acquiring an additional 376,704 shares during the period. Finally, Life Planning Partners Inc boosted its holdings in shares of GXO Logistics by 4,250.0% in the fourth quarter. Life Planning Partners Inc now owns 263,393 shares of the company's stock valued at $11,458,000 after acquiring an additional 257,338 shares in the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on GXO shares. Stifel Nicolaus reissued a "buy" rating and set a $66.00 price target (down from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Loop Capital cut GXO Logistics from a "buy" rating to a "hold" rating and reduced their price target for the company from $71.00 to $49.00 in a report on Monday, February 3rd. Barclays decreased their price target on 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. TD Cowen raised their price objective on shares of GXO Logistics from $82.00 to $83.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group decreased their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $57.62.
Check Out Our Latest Stock Report on GXO
GXO Logistics Price Performance
Shares of NYSE GXO traded down $0.59 during trading on Tuesday, reaching $37.46. The company had a trading volume of 1,094,985 shares, compared to its average volume of 1,118,145. The stock has a market capitalization of $4.48 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 1.34 and a beta of 1.60. GXO Logistics, Inc. has a twelve month low of $34.51 and a twelve month high of $63.33. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. The stock has a 50-day moving average price of $42.94 and a two-hundred day moving average price of $50.11.
GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share (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, sell-side analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current 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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