LPL Financial LLC Increases Position in GXO Logistics, Inc. (NYSE:GXO)

LPL Financial LLC boosted its holdings in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 59.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,454 shares of the company's stock after acquiring an additional 21,824 shares during the period. LPL Financial LLC's holdings in GXO Logistics were worth $2,551,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nomura Asset Management Co. Ltd. lifted its holdings in shares of GXO Logistics by 33.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company's stock valued at $60,000 after purchasing an additional 290 shares in the last quarter. R Squared Ltd bought a new stake in shares of GXO Logistics in the fourth quarter worth approximately $54,000. Wilmington Savings Fund Society FSB purchased a new position in shares of GXO Logistics during the third quarter valued at approximately $71,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in 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 valued at $60,000 after purchasing an additional 933 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in GXO Logistics by 33.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company's stock worth $60,000 after purchasing an additional 348 shares during the last quarter. Hedge funds and other institutional investors own 90.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GXO. Loop Capital downgraded GXO Logistics from a "buy" rating to a "hold" rating and lowered their target price for the company from $71.00 to $49.00 in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GXO Logistics in a report on Friday, March 7th. They set a "hold" rating and a $45.00 target price for the company. Citigroup reduced their price objective on GXO Logistics from $51.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company reduced their price target on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Finally, The Goldman Sachs Group decreased their target price on shares of GXO Logistics from $63.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, GXO Logistics has an average rating of "Moderate Buy" and a consensus target price of $54.93.

GXO Logistics Trading Up 1.7 %

GXO traded up $0.55 on Thursday, hitting $33.88. The company had a trading volume of 518,657 shares, compared to its average volume of 1,637,984. 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 business'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 PE ratio of 30.27, a PEG ratio of 1.34 and a beta of 1.56.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its earnings results 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 return on equity of 11.16% and a net margin of 1.14%. Equities research analysts expect that GXO Logistics, Inc. will post 2.49 EPS 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.