Brown Brothers Harriman & Co. Raises Holdings in GXO Logistics, Inc. (NYSE:GXO)

Brown Brothers Harriman & Co. raised its holdings in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,006,623 shares of the company's stock after buying an additional 38,356 shares during the quarter. Brown Brothers Harriman & Co. owned about 0.84% of GXO Logistics worth $43,788,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GXO. Murphy & Mullick Capital Management Corp purchased a new position in shares of GXO Logistics in the 4th quarter valued at approximately $41,000. R Squared Ltd purchased a new position in shares of GXO Logistics in the fourth quarter worth $54,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of GXO Logistics by 33.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company's stock worth $60,000 after buying an additional 290 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of GXO Logistics by 213.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company's stock worth $60,000 after buying an additional 933 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of GXO Logistics by 33.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company's stock valued at $60,000 after buying an additional 348 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company's stock.

GXO Logistics Price Performance

Shares of GXO Logistics stock traded up $1.07 on Wednesday, reaching $40.46. The company's stock had a trading volume of 368,312 shares, compared to its average volume of 1,171,643. 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 company has a market capitalization of $4.84 billion, a P/E ratio of 36.13, a PEG ratio of 1.34 and a beta of 1.62. The stock has a 50-day moving average price of $41.10 and a 200-day moving average price of $48.68. GXO Logistics, Inc. has a 52-week low of $34.51 and a 52-week high of $63.33.

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 for the quarter, topping analysts' consensus estimates of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. Analysts expect that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GXO. Stifel Nicolaus reaffirmed a "buy" rating and set a $66.00 price target (down previously from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Barclays dropped their target price on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Loop Capital lowered shares of GXO Logistics from a "buy" rating to a "hold" rating and reduced their price target for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. Wells Fargo & Company dropped their price objective on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Finally, Oppenheimer reduced their target price on shares of GXO Logistics from $67.00 to $55.00 and set an "outperform" rating for the company 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $56.00.

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.