Global Alpha Capital Management Ltd. Raises Position in GXO Logistics, Inc. (NYSE:GXO)

Global Alpha Capital Management Ltd. boosted its stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 21.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 757,130 shares of the company's stock after purchasing an additional 134,230 shares during the quarter. GXO Logistics comprises approximately 2.4% of Global Alpha Capital Management Ltd.'s portfolio, making the stock its 19th biggest holding. Global Alpha Capital Management Ltd. owned approximately 0.63% of GXO Logistics worth $32,935,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GXO. Vaughan Nelson Investment Management L.P. purchased a new stake in GXO Logistics in the fourth quarter worth approximately $47,626,000. Brown Brothers Harriman & Co. boosted its stake in shares of GXO Logistics by 105.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 968,267 shares of the company's stock valued at $50,418,000 after purchasing an additional 495,829 shares in the last quarter. Raymond James Financial Inc. purchased a new position in GXO Logistics in the 4th quarter worth $20,905,000. Life Planning Partners Inc lifted its stake in GXO Logistics by 4,250.0% in the fourth quarter. Life Planning Partners Inc now owns 263,393 shares of the company's stock worth $11,458,000 after purchasing an additional 257,338 shares during the last quarter. Finally, Swedbank AB boosted its position in GXO Logistics by 13.9% during the fourth quarter. Swedbank AB now owns 2,050,000 shares of the company's stock valued at $89,175,000 after buying an additional 250,000 shares during the period. 90.67% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several research firms have recently commented on GXO. Morgan Stanley decreased their price objective on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Oppenheimer lowered their price objective on GXO Logistics from $67.00 to $55.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Loop Capital cut shares of GXO Logistics from a "buy" rating to a "hold" rating and cut their target price for the stock from $71.00 to $49.00 in a report on Monday, February 3rd. Barclays lowered their price target 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. Finally, The Goldman Sachs Group cut their price target on shares of GXO Logistics from $63.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $56.71.

GXO Logistics Stock Up 3.8 %

GXO stock traded up $1.40 during midday trading on Wednesday, hitting $38.39. The stock had a trading volume of 2,191,775 shares, compared to its average volume of 1,608,339. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 34.28, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62. The business has a 50-day moving average of $42.33 and a two-hundred day moving average of $49.65. GXO Logistics, Inc. has a 52-week low of $34.51 and a 52-week high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last issued 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%. As a group, equities research analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal 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.