American Century Companies Inc. Has $38.48 Million Stock Position in GXO Logistics, Inc. (NYSE:GXO)

American Century Companies Inc. decreased its position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 71.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 884,607 shares of the company's stock after selling 2,212,970 shares during the period. American Century Companies Inc. owned approximately 0.74% of GXO Logistics worth $38,480,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of GXO. Arizona State Retirement System increased its stake in GXO Logistics by 0.8% in the fourth quarter. Arizona State Retirement System now owns 34,671 shares of the company's stock valued at $1,508,000 after acquiring an additional 281 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of GXO Logistics by 33.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company's stock valued at $60,000 after purchasing an additional 290 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of GXO Logistics by 1.1% during the 4th quarter. Pacer Advisors Inc. now owns 30,815 shares of the company's stock worth $1,340,000 after buying an additional 338 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of GXO Logistics by 33.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company's stock worth $60,000 after buying an additional 348 shares during the last quarter. Finally, Stablepoint Partners LLC boosted its stake in GXO Logistics by 4.2% in the fourth quarter. Stablepoint Partners LLC now owns 15,916 shares of the company's stock valued at $692,000 after buying an additional 637 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on GXO. Barclays lowered their target price on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Stifel Nicolaus reiterated a "buy" rating and set a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. The Goldman Sachs Group cut 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. Wells Fargo & Company decreased their target price on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Finally, Oppenheimer cut their price objective on GXO Logistics from $67.00 to $55.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $56.00.

GXO Logistics Trading Up 0.8 %

GXO traded up $0.31 during trading on Tuesday, reaching $39.39. 1,041,099 shares of the stock traded hands, compared to its average volume of 1,174,747. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The stock's 50-day moving average is $41.10 and its 200 day moving average is $48.68. GXO Logistics, Inc. has a 12 month low of $34.51 and a 12 month high of $63.33. The stock has a market capitalization of $4.71 billion, a PE ratio of 35.17, a P/E/G ratio of 1.34 and a beta of 1.62.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. Equities analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

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.