Blue Zone Wealth Advisors LLC Has $2.76 Million Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Blue Zone Wealth Advisors LLC grew its stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 32.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,484 shares of the company's stock after purchasing an additional 15,542 shares during the quarter. Blue Zone Wealth Advisors LLC owned approximately 0.05% of GXO Logistics worth $2,762,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in GXO. Vaughan Nelson Investment Management L.P. acquired a new stake in GXO Logistics in the fourth quarter worth approximately $47,626,000. Global Alpha Capital Management Ltd. bought a new stake in GXO Logistics in the third quarter worth $32,434,000. Brown Brothers Harriman & Co. boosted its holdings in GXO Logistics by 105.0% in the third quarter. Brown Brothers Harriman & Co. now owns 968,267 shares of the company's stock worth $50,418,000 after purchasing an additional 495,829 shares in the last quarter. River Road Asset Management LLC boosted its holdings in GXO Logistics by 40.4% during the third quarter. River Road Asset Management LLC now owns 1,308,532 shares of the company's stock valued at $68,135,000 after acquiring an additional 376,704 shares during the period. Finally, Life Planning Partners Inc boosted its holdings in GXO Logistics by 4,250.0% during the fourth quarter. Life Planning Partners Inc now owns 263,393 shares of the company's stock valued at $11,458,000 after acquiring an additional 257,338 shares during the period. 90.67% of the stock is owned by institutional investors.

GXO Logistics Stock Down 1.5 %

Shares of NYSE:GXO traded down $0.61 during midday trading on Thursday, reaching $39.83. 1,950,422 shares of the company were exchanged, compared to its average volume of 1,597,207. GXO Logistics, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $63.33. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The stock has a fifty day simple moving average of $43.67 and a two-hundred day simple moving average of $50.47. The firm has a market cap of $4.76 billion, a PE ratio of 35.56, a P/E/G ratio of 1.37 and a beta of 1.60.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, topping 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%. As a group, sell-side analysts forecast that GXO Logistics, Inc. will post 2.51 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GXO shares. Loop Capital cut shares of GXO Logistics from a "buy" rating to a "hold" rating and reduced their target price for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. Wells Fargo & Company reduced their price objective on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. TD Cowen raised their price objective on shares of GXO Logistics from $82.00 to $83.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. Finally, UBS Group reduced their price objective on shares of GXO Logistics from $72.00 to $50.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Four 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, GXO Logistics has a consensus rating of "Moderate Buy" and an average price target of $57.62.

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.