Boston Partners Takes Position in GXO Logistics, Inc. (NYSE:GXO)

Boston Partners purchased a new position in GXO Logistics, Inc. (NYSE:GXO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,485 shares of the company's stock, valued at approximately $1,109,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. purchased a new position in GXO Logistics in the fourth quarter worth about $47,626,000. River Road Asset Management LLC increased its position in shares of GXO Logistics by 53.5% during the fourth quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company's stock valued at $87,355,000 after acquiring an additional 699,636 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in 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 last quarter. Raymond James Financial Inc. bought a new position in GXO Logistics in the 4th quarter valued at approximately $20,905,000. Finally, Life Planning Partners Inc boosted its stake in GXO Logistics by 4,250.0% during the 4th quarter. Life Planning Partners Inc now owns 263,393 shares of the company's stock valued at $11,458,000 after purchasing an additional 257,338 shares during the last quarter. Institutional investors own 90.67% of the company's stock.

GXO Logistics Stock Performance

NYSE:GXO traded down $0.14 during mid-day trading on Tuesday, hitting $40.39. 133,755 shares of the company traded hands, compared to its average volume of 1,151,403. 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 fifty day moving average price is $41.66 and its 200-day moving average price is $49.08. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 36.05, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62. GXO Logistics, Inc. has a one year low of $34.51 and a one year high of $63.33.

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GXO Logistics (NYSE:GXO - Get Free Report) last released its earnings results 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 net margin of 1.14% and a return on equity of 11.16%. Research analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GXO has been the subject of several recent analyst reports. Stifel Nicolaus restated a "buy" rating and issued a $66.00 price target (down previously from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft started coverage on GXO Logistics in a research report on Friday, March 7th. They issued a "hold" rating and a $45.00 target price for the company. The Goldman Sachs Group dropped their price target 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. Truist Financial started coverage on shares of GXO Logistics in a report on Thursday, March 13th. They set a "hold" rating and a $40.00 price objective for the company. Finally, Morgan Stanley lowered their price objective on shares of GXO Logistics from $63.00 to $57.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, GXO Logistics presently has an average rating of "Moderate Buy" and a consensus target price of $55.60.

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.