FIL Ltd Acquires 117,673 Shares of GXO Logistics, Inc. (NYSE:GXO)

FIL Ltd raised its position in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 53.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 338,548 shares of the company's stock after purchasing an additional 117,673 shares during the quarter. FIL Ltd owned about 0.28% of GXO Logistics worth $14,727,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Stifel Financial Corp increased its position in GXO Logistics by 95.8% in the 3rd quarter. Stifel Financial Corp now owns 76,045 shares of the company's stock valued at $3,960,000 after acquiring an additional 37,197 shares during the period. Douglas Lane & Associates LLC raised its stake in shares of GXO Logistics by 6.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company's stock valued at $20,904,000 after purchasing an additional 31,015 shares in the last quarter. Tidal Investments LLC bought a new position in GXO Logistics in the 3rd quarter valued at about $667,000. Barclays PLC increased its stake in GXO Logistics by 28.9% during the 3rd quarter. Barclays PLC now owns 62,545 shares of the company's stock valued at $3,256,000 after buying an additional 14,020 shares during the period. Finally, Geode Capital Management LLC increased its stake in GXO Logistics by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,982,920 shares of the company's stock valued at $103,279,000 after buying an additional 29,992 shares during the period. Institutional investors own 90.67% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on GXO. Oppenheimer decreased their price objective 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. Barclays reduced their target price on shares of GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. Loop Capital cut GXO Logistics from a "buy" rating to a "hold" rating and dropped their price target for the company from $71.00 to $49.00 in a report on Monday, February 3rd. Morgan Stanley cut their target price on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Finally, Citigroup decreased their price target on GXO Logistics from $51.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, GXO Logistics presently has a consensus rating of "Moderate Buy" and an average price target of $54.93.

GXO Logistics Trading Up 2.0 %

Shares of GXO stock traded up $0.66 during trading hours on Thursday, hitting $33.99. 272,832 shares of the company's stock traded hands, compared to its average volume of 1,222,040. The stock's 50 day simple moving average is $38.39 and its 200 day simple moving average is $47.20. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $63.33. The stock has a market cap of $4.06 billion, a PE ratio of 30.23, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, beating 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%. On average, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS 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.