Russell Investments Group Ltd. Has $4.28 Million Position in GXO Logistics, Inc. (NYSE:GXO)

Russell Investments Group Ltd. trimmed its position in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 55.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 98,458 shares of the company's stock after selling 120,586 shares during the period. Russell Investments Group Ltd. owned about 0.08% of GXO Logistics worth $4,283,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GXO. Murphy & Mullick Capital Management Corp acquired a new position in GXO Logistics in the 4th quarter valued at about $41,000. Summit Securities Group LLC boosted its holdings in GXO Logistics by 870.9% in the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock valued at $44,000 after purchasing an additional 897 shares during the period. R Squared Ltd purchased a new position in GXO Logistics in the fourth quarter worth approximately $54,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of GXO Logistics by 213.5% during the fourth 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 in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of GXO Logistics by 33.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company's stock valued at $60,000 after acquiring an additional 348 shares during the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Oppenheimer decreased their target price 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. The Goldman Sachs Group dropped their target price 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 lowered shares of GXO Logistics from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. Barclays lowered their target price on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Finally, Wells Fargo & Company lowered their price target on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $54.93.

GXO Logistics Stock Performance

Shares of GXO Logistics stock traded down $0.63 during trading on Monday, reaching $33.21. The company's stock had a trading volume of 1,537,980 shares, compared to its average volume of 1,230,909. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. The business's fifty day moving average price is $37.83 and its 200-day moving average price is $46.81. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its earnings results 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 return on equity of 11.16% and a net margin of 1.14%. As a group, equities research 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.