Natixis Advisors LLC Purchases 194,580 Shares of GXO Logistics, Inc. (NYSE:GXO)

Natixis Advisors LLC lifted its position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 1,106.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 212,171 shares of the company's stock after purchasing an additional 194,580 shares during the quarter. Natixis Advisors LLC owned 0.18% of GXO Logistics worth $9,229,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Arizona State Retirement System boosted its stake in GXO Logistics by 0.8% during the 4th quarter. Arizona State Retirement System now owns 34,671 shares of the company's stock valued at $1,508,000 after purchasing an additional 281 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of GXO Logistics by 33.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company's stock valued at $60,000 after buying an additional 290 shares during the last quarter. Pacer Advisors Inc. grew its holdings in GXO Logistics by 1.1% during the fourth quarter. Pacer Advisors Inc. now owns 30,815 shares of the company's stock worth $1,340,000 after buying an additional 338 shares in the last quarter. KBC Group NV raised its position in GXO Logistics by 18.6% in the 3rd quarter. KBC Group NV now owns 3,665 shares of the company's stock valued at $191,000 after buying an additional 576 shares during the last quarter. Finally, Stablepoint Partners LLC raised its position in GXO Logistics by 4.2% in the 4th quarter. Stablepoint Partners LLC now owns 15,916 shares of the company's stock valued at $692,000 after buying an additional 637 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GXO. Stifel Nicolaus reaffirmed a "buy" rating and set a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Barclays reduced their price objective on shares of GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating for the company in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft started coverage on shares of GXO Logistics in a research report on Friday, March 7th. They set a "hold" rating and a $45.00 target price on the stock. Morgan Stanley reduced their target price on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Finally, Oppenheimer dropped their price target on GXO Logistics from $67.00 to $55.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, GXO Logistics has an average rating of "Moderate Buy" and an average target price of $55.60.

GXO Logistics Stock Performance

NYSE:GXO traded up $0.18 on Monday, reaching $40.55. 1,368,890 shares of the company's stock were exchanged, compared to its average volume of 1,151,462. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 36.20, a P/E/G ratio of 1.34 and a beta of 1.62. 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 stock has a fifty day simple moving average of $41.66 and a 200-day simple moving average of $49.08. 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 released its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 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, sell-side analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current 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.