one8zero8 LLC Buys New Shares in GXO Logistics, Inc. (NYSE:GXO)

one8zero8 LLC acquired a new position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 59,505 shares of the company's stock, valued at approximately $2,588,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GXO. Vaughan Nelson Investment Management L.P. purchased a new position in GXO Logistics in the fourth quarter valued at approximately $47,626,000. River Road Asset Management LLC lifted its stake in GXO Logistics by 53.5% in the fourth 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 during the last quarter. Global Alpha Capital Management Ltd. purchased a new position in GXO Logistics in the third quarter valued at approximately $32,434,000. Brown Brothers Harriman & Co. lifted its stake in GXO Logistics by 105.0% in the third quarter. Brown Brothers Harriman & Co. now owns 968,267 shares of the company's stock valued at $50,418,000 after purchasing an additional 495,829 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in GXO Logistics in the fourth quarter valued at approximately $20,905,000. 90.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Truist Financial assumed coverage on GXO Logistics in a research note on Thursday, March 13th. They issued a "hold" rating and a $40.00 price objective on the stock. Loop Capital cut shares of GXO Logistics from a "buy" rating to a "hold" rating and decreased their price target for the stock from $71.00 to $49.00 in a report on Monday, February 3rd. Wells Fargo & Company decreased their price target on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Barclays decreased their price target on shares of GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Finally, The Goldman Sachs Group cut their price target on shares of GXO Logistics from $63.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $55.60.

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GXO Logistics Stock Down 0.3 %

Shares of GXO traded down $0.13 on Thursday, hitting $40.72. 1,138,077 shares of the stock traded hands, compared to its average volume of 1,145,344. The company has a market capitalization of $4.87 billion, a PE ratio of 36.35, a P/E/G ratio of 1.34 and a beta of 1.62. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. The business has a 50 day simple moving average of $41.84 and a 200 day simple moving average of $49.25. GXO Logistics, Inc. has a one year low of $34.51 and a one year high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its earnings results 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%. As a group, equities analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal 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.