Kennedy Capital Management LLC Has $4.55 Million Holdings in GXO Logistics, Inc. (NYSE:GXO)

Kennedy Capital Management LLC raised its holdings in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 10.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,679 shares of the company's stock after buying an additional 9,838 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.09% of GXO Logistics worth $4,554,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank purchased a new position in shares of GXO Logistics in the 4th quarter worth about $55,266,000. Vaughan Nelson Investment Management L.P. purchased a new stake in GXO Logistics during the 4th quarter worth $47,626,000. River Road Asset Management LLC increased its holdings in GXO Logistics by 53.5% in the 4th quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company's stock valued at $87,355,000 after purchasing an additional 699,636 shares in the last quarter. Raymond James Financial Inc. purchased a new position in GXO Logistics in the fourth quarter valued at about $20,905,000. Finally, Life Planning Partners Inc boosted its position in shares of GXO Logistics by 4,250.0% in the fourth quarter. Life Planning Partners Inc now owns 263,393 shares of the company's stock worth $11,458,000 after buying an additional 257,338 shares during the period. Institutional investors and hedge funds own 90.67% of the company's stock.

GXO Logistics Price Performance

NYSE GXO traded up $0.56 on Thursday, reaching $33.89. 932,897 shares of the stock traded hands, compared to its average volume of 1,644,205. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month 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 firm's fifty day simple moving average is $38.39 and its 200 day simple moving average is $47.20. The company 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 (NYSE:GXO - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, research analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GXO has been the topic of a number of analyst reports. Truist Financial started coverage on shares of GXO Logistics in a research note on Thursday, March 13th. They set a "hold" rating and a $40.00 price objective on the stock. UBS Group decreased their price objective on shares of GXO Logistics from $72.00 to $50.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Loop Capital lowered GXO Logistics from a "buy" rating to a "hold" rating and dropped their target price for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft started coverage on GXO Logistics in a research note on Friday, March 7th. They set a "hold" rating and a $45.00 price objective for the company. Finally, Wells Fargo & Company cut their target price on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, GXO Logistics presently has an average rating of "Moderate Buy" and an average target price of $54.93.

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.