River Road Asset Management LLC Acquires 376,704 Shares of GXO Logistics, Inc. (NYSE:GXO)

River Road Asset Management LLC lifted its holdings in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 40.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,308,532 shares of the company's stock after purchasing an additional 376,704 shares during the period. River Road Asset Management LLC owned about 1.10% of GXO Logistics worth $68,135,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norden Group LLC acquired a new position in GXO Logistics in the first quarter worth approximately $697,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of GXO Logistics by 25.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,591 shares of the company's stock valued at $1,752,000 after purchasing an additional 6,653 shares during the period. George Kaiser Family Foundation purchased a new position in GXO Logistics in the 1st quarter worth about $1,014,000. Texas Permanent School Fund Corp raised its holdings in GXO Logistics by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 104,108 shares of the company's stock worth $5,597,000 after buying an additional 1,392 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in GXO Logistics during the first quarter valued at about $1,354,000. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Stock Down 1.6 %

GXO traded down $0.91 during midday trading on Tuesday, hitting $57.69. 1,520,403 shares of the company's stock traded hands, compared to its average volume of 928,139. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $6.89 billion, a PE ratio of 49.30, a price-to-earnings-growth ratio of 1.75 and a beta of 1.55. The stock's fifty day simple moving average is $54.12 and its 200-day simple moving average is $51.79. GXO Logistics, Inc. has a one year low of $46.07 and a one year high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.01. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.01 billion. GXO Logistics had a net margin of 1.35% and a return on equity of 9.86%. GXO Logistics's revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS. As a group, equities analysts anticipate that GXO Logistics, Inc. will post 2.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GXO has been the topic of a number of recent analyst reports. Susquehanna cut their price target on shares of GXO Logistics from $75.00 to $73.00 and set a "positive" rating on the stock in a report on Thursday, September 26th. UBS Group cut their target price on shares of GXO Logistics from $71.00 to $66.00 and set a "buy" rating on the stock in a research note on Wednesday, August 7th. JPMorgan Chase & Co. raised their target price on GXO Logistics from $61.00 to $63.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 9th. Finally, Citigroup assumed coverage on GXO Logistics in a research report on Wednesday, October 9th. They set a "buy" rating and a $60.00 price target on the stock. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, GXO Logistics has an average rating of "Moderate Buy" and an average price target of $66.91.

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.