Proficio Capital Partners LLC Invests $1.26 Million in GXO Logistics, Inc. (NYSE:GXO)

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.

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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

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.