GXO Logistics, Inc. (NYSE:GXO) Shares Bought by Pinebridge Investments L.P.

Pinebridge Investments L.P. grew its position in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 42.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,447 shares of the company's stock after purchasing an additional 13,603 shares during the period. Pinebridge Investments L.P.'s holdings in GXO Logistics were worth $1,977,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of GXO. Murphy & Mullick Capital Management Corp acquired a new position in GXO Logistics in the 4th quarter worth approximately $41,000. Summit Securities Group LLC raised its holdings in shares of GXO Logistics by 870.9% during the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock worth $44,000 after purchasing an additional 897 shares during the last quarter. R Squared Ltd acquired a new position in GXO Logistics during the fourth quarter valued at $54,000. Wilmington Savings Fund Society FSB purchased a new stake in GXO Logistics in the third quarter valued at $71,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in GXO Logistics by 213.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company's stock worth $60,000 after purchasing an additional 933 shares during the period. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

GXO Logistics Trading Down 1.9 %

Shares of GXO opened at $35.78 on Monday. The firm's fifty day moving average is $37.53 and its two-hundred day moving average is $46.35. The stock has a market cap of $4.19 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. GXO Logistics, Inc. has a 52-week low of $30.46 and a 52-week high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 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%. Research analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GXO has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GXO Logistics in a research note on Friday, March 7th. They set a "hold" rating and a $45.00 price objective on the stock. The Goldman Sachs Group decreased their target price on shares of GXO Logistics from $63.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus restated a "buy" rating and set a $66.00 price target (down previously from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Finally, Truist Financial cut their price objective on shares of GXO Logistics from $40.00 to $35.00 and set a "hold" rating for the company in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $54.57.

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.

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