Clearbridge Investments LLC Purchases 153,522 Shares of GXO Logistics, Inc. (NYSE:GXO)

Clearbridge Investments LLC raised its stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,228,144 shares of the company's stock after buying an additional 153,522 shares during the quarter. Clearbridge Investments LLC owned about 3.54% of GXO Logistics worth $183,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Summit Securities Group LLC increased its holdings in GXO Logistics by 870.9% in the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock valued at $44,000 after acquiring an additional 897 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in shares of GXO Logistics by 4.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,006,623 shares of the company's stock valued at $43,788,000 after purchasing an additional 38,356 shares in the last quarter. DnB Asset Management AS increased its holdings in shares of GXO Logistics by 221.1% in the fourth quarter. DnB Asset Management AS now owns 28,957 shares of the company's stock worth $1,260,000 after purchasing an additional 19,939 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in shares of GXO Logistics by 14.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 20,273 shares of the company's stock worth $882,000 after buying an additional 2,536 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in GXO Logistics during the fourth quarter valued at approximately $295,000. Institutional investors own 90.67% of the company's stock.

GXO Logistics Trading Down 5.7 %

GXO Logistics stock traded down $2.07 during mid-day trading on Friday, hitting $34.23. The company's stock had a trading volume of 2,443,356 shares, compared to its average volume of 1,188,360. GXO Logistics, Inc. has a one year low of $32.70 and a one year high of $63.33. The stock has a market cap of $4.09 billion, a PE ratio of 30.57, a P/E/G ratio of 1.34 and a beta of 1.62. The company has a 50 day moving average of $40.61 and a 200-day moving average of $48.42. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 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%. On average, research analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Wall Street Analysts Forecast Growth

GXO has been the topic of a number of research reports. Barclays reduced their price objective 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. The Goldman Sachs Group reduced their price target 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. Truist Financial initiated coverage on shares of GXO Logistics in a research report on Thursday, March 13th. They set a "hold" rating and a $40.00 price objective for the company. Stifel Nicolaus restated a "buy" rating and issued a $66.00 target price (down from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Finally, Loop Capital downgraded shares of GXO Logistics from a "buy" rating to a "hold" rating and lowered their price target for the company from $71.00 to $49.00 in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, GXO Logistics currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.

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.