Barclays PLC Buys 14,020 Shares of GXO Logistics, Inc. (NYSE:GXO)

Barclays PLC lifted its holdings in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 28.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,545 shares of the company's stock after buying an additional 14,020 shares during the period. Barclays PLC owned about 0.05% of GXO Logistics worth $3,256,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. DekaBank Deutsche Girozentrale purchased a new position in GXO Logistics during the third quarter worth $28,000. UMB Bank n.a. lifted its holdings in shares of GXO Logistics by 111.4% in the 3rd 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 boosted its stake in shares of GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company's stock worth $48,000 after purchasing an additional 249 shares during the period. Hara Capital LLC bought a new position in GXO Logistics during the 3rd quarter valued at about $50,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in GXO Logistics by 37.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company's stock valued at $54,000 after purchasing an additional 282 shares during the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Susquehanna decreased their price objective on shares of GXO Logistics from $75.00 to $73.00 and set a "positive" rating for the company in a research note on Thursday, September 26th. Citigroup assumed coverage on GXO Logistics in a research note on Wednesday, October 9th. They set a "buy" rating and a $60.00 price target for the company. TD Cowen upped their price objective on GXO Logistics from $82.00 to $83.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. UBS Group increased their target price on GXO Logistics from $66.00 to $72.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Finally, Barclays lowered their target price on shares of GXO Logistics from $60.00 to $52.00 and set an "equal weight" rating for the company in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $66.33.

GXO Logistics Stock Up 0.8 %

Shares of GXO Logistics stock traded up $0.33 during trading on Tuesday, hitting $42.26. 902,645 shares of the stock traded hands, compared to its average volume of 997,032. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. The stock's fifty day simple moving average is $56.76 and its 200 day simple moving average is $52.78. The firm has a market cap of $5.05 billion, a P/E ratio of 46.96, a price-to-earnings-growth ratio of 1.49 and a beta of 1.52. GXO Logistics, Inc. has a 52-week low of $41.38 and a 52-week high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.01. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter last year, the firm posted $0.69 EPS. The company's revenue for the quarter was up 27.8% on a year-over-year basis. On average, equities analysts predict that GXO Logistics, Inc. will post 2.76 earnings per share for the current fiscal 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.