6,789 Shares in GXO Logistics, Inc. (NYSE:GXO) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,789 shares of the company's stock, valued at approximately $295,000.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of GXO Logistics during the fourth quarter valued at approximately $55,266,000. Vaughan Nelson Investment Management L.P. bought a new stake in GXO Logistics during the 4th quarter valued at $47,626,000. River Road Asset Management LLC raised its position in GXO Logistics by 53.5% during 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 stake in shares of GXO Logistics in the 4th quarter worth $20,905,000. Finally, Life Planning Partners Inc grew its position in shares of GXO Logistics by 4,250.0% during the 4th 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 in the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Truist Financial assumed coverage on GXO Logistics in a report on Thursday, March 13th. They issued a "hold" rating and a $40.00 price objective for the company. Oppenheimer lowered their price target on shares of GXO Logistics from $67.00 to $55.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. The Goldman Sachs Group cut their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus restated a "buy" rating and set a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Finally, Wells Fargo & Company cut their price target on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.

GXO Logistics Stock Down 5.7 %

NYSE:GXO traded down $2.07 during mid-day trading on Friday, hitting $34.23. 2,443,356 shares of the company's stock traded hands, compared to its average volume of 1,189,435. The company has a fifty day moving average of $40.61 and a 200 day moving average of $48.37. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. GXO Logistics, Inc. has a twelve month low of $32.70 and a twelve month high of $63.33. The company has a market capitalization of $4.09 billion, a P/E ratio of 30.57, a P/E/G ratio of 1.34 and a beta of 1.56.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating 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%. On average, analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current year.

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.