Firetrail Investments PTY Ltd. increased its position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 219,694 shares of the company's stock after acquiring an additional 18,191 shares during the quarter. GXO Logistics comprises 2.9% of Firetrail Investments PTY Ltd.'s holdings, making the stock its 19th biggest position. Firetrail Investments PTY Ltd. owned 0.18% of GXO Logistics worth $9,591,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Stifel Financial Corp boosted its holdings in GXO Logistics by 95.8% in the third quarter. Stifel Financial Corp now owns 76,045 shares of the company's stock worth $3,960,000 after acquiring an additional 37,197 shares in the last quarter. Douglas Lane & Associates LLC raised its position in shares of GXO Logistics by 6.9% in the 4th 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in GXO Logistics by 2.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company's stock worth $26,153,000 after purchasing an additional 12,208 shares in the last quarter. Tidal Investments LLC purchased a new stake in GXO Logistics during the 3rd quarter worth approximately $667,000. Finally, 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 purchasing an additional 14,020 shares in the last quarter. Institutional investors own 90.67% of the company's stock.
GXO Logistics Price Performance
GXO stock traded up $1.36 during mid-day trading on Wednesday, reaching $38.47. 1,566,181 shares of the company's stock were exchanged, compared to its average volume of 1,117,351. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. GXO Logistics, Inc. has a 12-month low of $34.51 and a 12-month high of $63.33. The stock's 50 day moving average is $42.84 and its 200 day moving average is $50.03. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 1.34 and a beta of 1.60.
GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings results 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 net margin of 1.14% and a return on equity of 11.16%. On average, research analysts expect that GXO Logistics, Inc. will post 2.49 EPS for the current year.
Analyst Upgrades and Downgrades
GXO has been the subject of several research reports. Oppenheimer lowered their price objective on shares of GXO Logistics from $67.00 to $55.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. Stifel Nicolaus reiterated a "buy" rating and set a $66.00 price target (down previously from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. The Goldman Sachs Group cut their price objective on GXO Logistics from $63.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company decreased their target price on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Finally, TD Cowen upped their target price on GXO Logistics from $82.00 to $83.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, GXO Logistics has a consensus rating of "Moderate Buy" and an average price target of $57.62.
Check Out Our Latest Stock Analysis on GXO Logistics
About GXO Logistics
(
Free Report)
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.
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