Franklin Resources Inc. Boosts Stock Position in GXO Logistics, Inc. (NYSE:GXO)

Franklin Resources Inc. lifted its stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 1,523.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,020 shares of the company's stock after buying an additional 80,723 shares during the period. Franklin Resources Inc. owned approximately 0.07% of GXO Logistics worth $3,742,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp acquired a new position in GXO Logistics in the fourth quarter valued at about $41,000. Summit Securities Group LLC raised its position in shares of 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 buying an additional 897 shares in the last quarter. R Squared Ltd bought a new stake in shares of GXO Logistics during the 4th quarter worth approximately $54,000. Nomura Asset Management Co. Ltd. boosted its position in shares of GXO Logistics by 33.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company's stock worth $60,000 after acquiring an additional 290 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in 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 valued at $60,000 after purchasing an additional 933 shares in the last quarter. Institutional investors own 90.67% of the company's stock.

GXO Logistics Stock Up 1.0 %

Shares of NYSE GXO traded up $0.33 during midday trading on Thursday, hitting $33.66. 195,798 shares of the stock traded hands, compared to its average volume of 1,221,734. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. The business has a 50 day moving average price of $38.39 and a two-hundred day moving average price of $47.20. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $63.33. The company has a market cap of $4.02 billion, a PE ratio of 30.09, a P/E/G ratio of 1.34 and a beta of 1.56.

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 return on equity of 11.16% and a net margin of 1.14%. On average, equities analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Analyst Upgrades and Downgrades

GXO has been the topic of several recent analyst reports. Morgan Stanley decreased their price target on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of GXO Logistics in a research report on Friday, March 7th. They issued a "hold" rating and a $45.00 target price on the stock. Loop Capital lowered GXO Logistics from a "buy" rating to a "hold" rating and reduced their price objective 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 for the company in a report on Friday, February 14th. Finally, The Goldman Sachs Group cut their target price on GXO Logistics from $63.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $54.93.

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.