Motley Fool Asset Management LLC Has $7.73 Million Holdings in GXO Logistics, Inc. (NYSE:GXO)

Motley Fool Asset Management LLC raised its position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 177,745 shares of the company's stock after buying an additional 15,878 shares during the period. Motley Fool Asset Management LLC owned about 0.15% of GXO Logistics worth $7,732,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in GXO Logistics by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company's stock valued at $492,977,000 after purchasing an additional 212,254 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of GXO Logistics by 3.8% during the fourth quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company's stock worth $183,924,000 after purchasing an additional 153,522 shares during the last quarter. State Street Corp increased its stake in shares of GXO Logistics by 1.9% in the third quarter. State Street Corp now owns 3,631,328 shares of the company's stock valued at $189,083,000 after buying an additional 66,232 shares in the last quarter. Swedbank AB raised its holdings in shares of GXO Logistics by 13.9% in 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 last quarter. Finally, River Road Asset Management LLC raised its holdings in shares of GXO Logistics by 53.5% in the fourth quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company's stock valued at $87,355,000 after buying an additional 699,636 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company's stock.

GXO Logistics Stock Down 2.1 %

Shares of NYSE GXO traded down $0.71 during mid-day trading on Tuesday, reaching $33.41. 947,439 shares of the company's stock were exchanged, compared to its average volume of 1,194,631. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. The business has a fifty day simple moving average of $40.38 and a 200 day simple moving average of $48.24. GXO Logistics, Inc. has a twelve month low of $32.70 and a twelve month high of $63.33. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 1.34 and a beta of 1.56.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts expect that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Barclays decreased their price objective on shares of GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. The Goldman Sachs Group lowered their price target on shares of GXO Logistics from $63.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Loop Capital cut shares of GXO Logistics from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. Morgan Stanley reduced 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. Finally, Oppenheimer lowered their target price on GXO Logistics from $67.00 to $55.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $56.00.

About GXO Logistics

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.