GXO Logistics, Inc. (NYSE:GXO) Shares Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC increased its position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 5.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 161,867 shares of the company's stock after buying an additional 8,658 shares during the quarter. Motley Fool Asset Management LLC owned 0.14% of GXO Logistics worth $8,208,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new position in GXO Logistics during the 3rd quarter worth about $28,000. UMB Bank n.a. raised its position in shares of GXO Logistics by 111.4% in the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company's stock valued at $33,000 after acquiring an additional 331 shares during the period. Signaturefd LLC raised its position in shares of GXO Logistics by 37.2% in the 3rd quarter. Signaturefd LLC now owns 918 shares of the company's stock valued at $48,000 after acquiring an additional 249 shares during the period. Hara Capital LLC acquired a new stake in shares of GXO Logistics in the 3rd quarter valued at approximately $50,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of GXO Logistics by 37.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company's stock valued at $54,000 after acquiring an additional 282 shares during the period. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Trading Down 13.8 %

Shares of NYSE:GXO traded down $8.15 during midday trading on Wednesday, reaching $50.85. 5,418,546 shares of the company's stock were exchanged, compared to its average volume of 938,925. GXO Logistics, Inc. has a fifty-two week low of $46.07 and a fifty-two week high of $63.33. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. The firm's 50 day simple moving average is $58.28 and its two-hundred day simple moving average is $53.09. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 56.77, a P/E/G ratio of 1.83 and a beta of 1.52.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.01. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the prior year, the company posted $0.69 earnings per share. The firm's quarterly revenue was up 27.8% compared to the same quarter last year. As a group, sell-side analysts forecast that GXO Logistics, Inc. will post 2.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group upped their target price on GXO Logistics from $66.00 to $72.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. TD Cowen lifted 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. Citigroup initiated coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They issued a "buy" rating and a $60.00 price objective on the stock. Susquehanna decreased their target price on GXO Logistics from $75.00 to $73.00 and set a "positive" rating on the stock in a research report on Thursday, September 26th. Finally, Barclays decreased their target price on shares of GXO Logistics from $60.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, GXO Logistics has an average rating of "Moderate Buy" and an average target price of $66.33.

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.