Geode Capital Management LLC Has $103.28 Million Stock Position in GXO Logistics, Inc. (NYSE:GXO)

Geode Capital Management LLC lifted its holdings in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,982,920 shares of the company's stock after purchasing an additional 29,992 shares during the quarter. Geode Capital Management LLC owned 1.66% of GXO Logistics worth $103,279,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GXO. Mount Lucas Management LP boosted its holdings in shares of GXO Logistics by 2.4% in the third quarter. Mount Lucas Management LP now owns 7,327 shares of the company's stock valued at $382,000 after buying an additional 173 shares during the period. Mathes Company Inc. boosted its stake in GXO Logistics by 0.7% in the 3rd quarter. Mathes Company Inc. now owns 25,475 shares of the company's stock worth $1,326,000 after purchasing an additional 175 shares during the period. Nisa Investment Advisors LLC increased its holdings in GXO Logistics by 7.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,064 shares of the company's stock worth $160,000 after purchasing an additional 220 shares in the last quarter. CWM LLC raised its stake in shares of GXO Logistics by 13.8% in the 3rd quarter. CWM LLC now owns 1,961 shares of the company's stock valued at $102,000 after purchasing an additional 238 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of GXO Logistics by 37.2% in the third quarter. Signaturefd LLC now owns 918 shares of the company's stock valued at $48,000 after purchasing an additional 249 shares in the last quarter. Institutional investors own 90.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Barclays decreased their price objective on GXO Logistics from $60.00 to $52.00 and set an "equal weight" rating for the company in a report on Wednesday, December 4th. Susquehanna decreased their price target on shares of GXO Logistics from $75.00 to $73.00 and set a "positive" rating for the company in a research note on Thursday, September 26th. UBS Group lifted their price objective on shares of GXO Logistics from $66.00 to $72.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. TD Cowen increased their target price on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, Oppenheimer lifted their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $66.33.

GXO Logistics Stock Performance

Shares of GXO Logistics stock traded down $2.35 during trading on Thursday, hitting $42.76. 2,549,594 shares of the stock were exchanged, compared to its average volume of 975,733. GXO Logistics, Inc. has a 1-year low of $42.73 and a 1-year high of $63.33. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 47.51, a price-to-earnings-growth ratio of 1.49 and a beta of 1.52. The company has a fifty day moving average price of $57.87 and a 200-day moving average price of $52.94. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The business's revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 earnings per share. As a group, equities analysts predict that GXO Logistics, Inc. will post 2.76 EPS for the current fiscal year.

GXO Logistics Company 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.