Invesco Ltd. Lowers Position in GXO Logistics, Inc. (NYSE:GXO)

Invesco Ltd. trimmed its position in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 64.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 406,044 shares of the company's stock after selling 751,669 shares during the quarter. Invesco Ltd. owned 0.34% of GXO Logistics worth $17,663,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of GXO Logistics during the fourth quarter worth approximately $41,000. Summit Securities Group LLC grew its holdings in GXO Logistics by 870.9% in the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock worth $44,000 after buying an additional 897 shares in the last quarter. R Squared Ltd bought a new position in GXO Logistics in the 4th quarter valued at about $54,000. Thurston Springer Miller Herd & Titak Inc. increased its stake 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 valued at $60,000 after buying an additional 933 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of GXO Logistics by 33.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company's stock worth $60,000 after buying an additional 348 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company's stock.

GXO Logistics Price Performance

NYSE:GXO opened at $33.89 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 30.25, a P/E/G ratio of 1.34 and a beta of 1.56. GXO Logistics, Inc. has a 52 week low of $30.46 and a 52 week high of $63.33. The firm's 50-day simple moving average is $38.02 and its 200 day simple moving average is $46.92.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share 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%. As a group, sell-side analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Analysts Set New Price Targets

GXO has been the topic of several research analyst reports. The Goldman Sachs Group lowered their price target on GXO Logistics from $63.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Oppenheimer cut their target price on shares of GXO Logistics from $67.00 to $55.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. Wells Fargo & Company dropped their price target 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. Loop Capital lowered shares of GXO Logistics from a "buy" rating to a "hold" rating and reduced their price objective for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. Finally, Truist Financial assumed coverage on shares of GXO Logistics in a research report on Thursday, March 13th. They set a "hold" rating and a $40.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $54.93.

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.

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