National Bank of Canada FI Acquires 8,468 Shares of GXO Logistics, Inc. (NYSE:GXO)

National Bank of Canada FI increased its position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 184,883 shares of the company's stock after acquiring an additional 8,468 shares during the quarter. National Bank of Canada FI owned about 0.15% of GXO Logistics worth $8,042,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new position in GXO Logistics during the 4th quarter valued at about $41,000. Summit Securities Group LLC raised its position in shares of GXO Logistics by 870.9% during the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock valued at $44,000 after acquiring an additional 897 shares during the last quarter. R Squared Ltd acquired a new position in shares of GXO Logistics in the 4th quarter valued at $54,000. Nomura Asset Management Co. Ltd. boosted its position in shares of GXO Logistics by 33.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company's stock worth $60,000 after purchasing an additional 290 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of 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 worth $60,000 after purchasing an additional 933 shares during the period. Institutional investors own 90.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on GXO shares. Truist Financial initiated coverage on shares of GXO Logistics in a research report on Thursday, March 13th. They issued a "hold" rating and a $40.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on GXO Logistics in a report on Friday, March 7th. They issued a "hold" rating and a $45.00 price target on the stock. Wells Fargo & Company decreased their price target on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Barclays decreased their target price on shares of GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating for the company in a research report on Thursday, February 13th. Finally, Oppenheimer lowered their target price on GXO Logistics from $67.00 to $55.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, GXO Logistics currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.93.

GXO Logistics Stock Performance

Shares of GXO traded down $1.63 during trading hours on Thursday, hitting $33.90. The company had a trading volume of 416,033 shares, compared to its average volume of 1,210,096. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 1.34 and a beta of 1.56. 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 has a fifty day moving average of $39.40 and a 200-day moving average of $47.78. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. Equities analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

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.