UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in GXO Logistics, Inc. (NYSE:GXO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 502,273 shares of the company's stock after purchasing an additional 12,208 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.42% of GXO Logistics worth $26,153,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in GXO. Raymond James & Associates boosted its stake in GXO Logistics by 16.3% during the third quarter. Raymond James & Associates now owns 466,749 shares of the company's stock worth $24,304,000 after acquiring an additional 65,534 shares in the last quarter. Swedbank AB increased its position in GXO Logistics by 15.9% in the 2nd quarter. Swedbank AB now owns 1,825,000 shares of the company's stock valued at $92,162,000 after buying an additional 250,000 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in GXO Logistics during the 3rd quarter worth approximately $6,819,000. Susquehanna Fundamental Investments LLC boosted its holdings in GXO Logistics by 537.4% in the second quarter. Susquehanna Fundamental Investments LLC now owns 137,732 shares of the company's stock worth $6,955,000 after acquiring an additional 116,125 shares in the last quarter. Finally, Spruce House Investment Management LLC raised its position in shares of GXO Logistics by 827.8% during the second quarter. Spruce House Investment Management LLC now owns 900,000 shares of the company's stock worth $45,450,000 after purchasing an additional 803,000 shares during the period. Institutional investors and hedge funds own 90.67% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Citigroup began coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They set a "buy" rating and a $60.00 price target for the company. Barclays dropped their price target on shares of GXO Logistics from $60.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Susquehanna lowered their price objective on GXO Logistics from $75.00 to $73.00 and set a "positive" rating for the company in a research note on Thursday, September 26th. UBS Group upped their price target on GXO Logistics from $66.00 to $72.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, TD Cowen upped their target price on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $66.33.

GXO Logistics Stock Performance

Shares of GXO stock traded down $1.12 during trading on Thursday, reaching $49.73. 1,509,905 shares of the company's stock traded hands, compared to its average volume of 945,478. GXO Logistics, Inc. has a 1 year low of $46.07 and a 1 year high of $63.33. The company has a market capitalization of $5.94 billion, a P/E ratio of 56.50, a PEG ratio of 1.78 and a beta of 1.52. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. The firm's 50-day moving average is $58.28 and its 200 day moving average is $53.08.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.01. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The business's revenue for the quarter was up 27.8% on a year-over-year basis. During the same period last year, the company earned $0.69 earnings per share. Equities research analysts expect that GXO Logistics, Inc. will post 2.76 EPS for the current year.

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.