Proficio Capital Partners LLC acquired a new position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 28,841 shares of the company's stock, valued at approximately $1,255,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Stifel Financial Corp grew its stake in GXO Logistics by 95.8% in the third quarter. Stifel Financial Corp now owns 76,045 shares of the company's stock worth $3,960,000 after purchasing an additional 37,197 shares in the last quarter. Douglas Lane & Associates LLC grew its position in shares of GXO Logistics by 6.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company's stock worth $20,904,000 after acquiring an additional 31,015 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of GXO Logistics by 2.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company's stock valued at $26,153,000 after acquiring an additional 12,208 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of GXO Logistics during the 3rd quarter valued at approximately $667,000. Finally, Barclays PLC lifted its stake in GXO Logistics by 28.9% during the third quarter. Barclays PLC now owns 62,545 shares of the company's stock worth $3,256,000 after purchasing an additional 14,020 shares during the last quarter. Institutional investors own 90.67% of the company's stock.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. Stifel Nicolaus reissued a "buy" rating and set a $66.00 target price (down from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Loop Capital cut shares of GXO Logistics from a "buy" rating to a "hold" rating and cut their target price for the stock from $71.00 to $49.00 in a report on Monday, February 3rd. Wells Fargo & Company lowered their target price on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a report on Friday, February 14th. UBS Group reduced their price objective on GXO Logistics from $72.00 to $50.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Finally, The Goldman Sachs Group lowered their price objective on GXO Logistics from $63.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.71.
Get Our Latest Stock Analysis on GXO
GXO Logistics Price Performance
Shares of NYSE GXO traded down $0.50 during mid-day trading on Tuesday, reaching $37.00. 2,573,728 shares of the company traded hands, compared to its average volume of 1,121,408. GXO Logistics, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $63.33. The firm has a market cap of $4.42 billion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62. The stock has a fifty day simple moving average of $42.46 and a 200-day simple moving average of $49.74. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86.
GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. Equities research analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.
GXO Logistics Company Profile
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Free Report)
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.
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