Dynamic Technology Lab Private Ltd Invests $819,000 in GXO Logistics, Inc. (NYSE:GXO)

Dynamic Technology Lab Private Ltd bought a new stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,829 shares of the company's stock, valued at approximately $819,000.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in GXO Logistics in the fourth quarter valued at approximately $55,266,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of GXO Logistics in the fourth quarter valued at approximately $47,626,000. River Road Asset Management LLC increased its position in 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 worth $87,355,000 after acquiring an additional 699,636 shares during the period. Raymond James Financial Inc. bought a new position in shares of GXO Logistics during the 4th quarter worth about $20,905,000. Finally, Life Planning Partners Inc raised its holdings in GXO Logistics by 4,250.0% in the 4th quarter. Life Planning Partners Inc now owns 263,393 shares of the company's stock valued at $11,458,000 after acquiring an additional 257,338 shares in the last quarter. Institutional investors own 90.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GXO shares. The Goldman Sachs Group decreased their price target on GXO Logistics from $63.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Truist Financial assumed coverage on GXO Logistics in a research report on Thursday, March 13th. They issued a "hold" rating and a $40.00 price objective for the company. UBS Group cut their price target on GXO Logistics from $72.00 to $50.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Citigroup reduced their price objective on shares of GXO Logistics from $51.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, 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. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $54.93.

GXO Logistics Stock Performance

Shares of GXO stock traded up $0.31 during trading on Friday, hitting $34.07. The company's stock had a trading volume of 351,777 shares, compared to its average volume of 1,646,578. GXO Logistics, Inc. has a 52 week low of $30.46 and a 52 week high of $63.33. The company has a market cap of $4.07 billion, a PE ratio of 30.32, a P/E/G ratio of 1.34 and a beta of 1.56. The business has a fifty day moving average of $39.19 and a 200-day moving average of $47.66. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83.

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%. As a group, research 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.