GXO Logistics, Inc. (NYSE:GXO) Shares Purchased by Rathbones Group PLC

Rathbones Group PLC increased its position in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 485.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 295,140 shares of the company's stock after purchasing an additional 244,730 shares during the quarter. Rathbones Group PLC owned 0.25% of GXO Logistics worth $12,839,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Twin Capital Management Inc. grew its stake in shares of GXO Logistics by 4.4% during the fourth quarter. Twin Capital Management Inc. now owns 37,333 shares of the company's stock valued at $1,624,000 after acquiring an additional 1,586 shares in the last quarter. Bank of Montreal Can increased its holdings in GXO Logistics by 27.4% during the 4th quarter. Bank of Montreal Can now owns 24,112 shares of the company's stock worth $1,049,000 after purchasing an additional 5,184 shares during the last quarter. Polymer Capital Management US LLC acquired a new stake in shares of GXO Logistics during the fourth quarter worth approximately $352,000. Dynamic Technology Lab Private Ltd acquired a new position in GXO Logistics in the fourth quarter worth about $819,000. Finally, ExodusPoint Capital Management LP increased its holdings in GXO Logistics by 69.3% in the fourth quarter. ExodusPoint Capital Management LP now owns 85,950 shares of the company's stock valued at $3,739,000 after buying an additional 35,172 shares during the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Stock Performance

Shares of NYSE:GXO traded up $0.58 on Friday, hitting $34.34. The company's stock had a trading volume of 1,298,242 shares, compared to its average volume of 1,217,560. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $63.33. The stock's 50-day moving average is $38.98 and its two-hundred day moving average is $47.52. 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 company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56.

GXO Logistics (NYSE:GXO - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $1.00 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, equities research analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GXO shares. Wells Fargo & Company dropped their price target on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Stifel Nicolaus restated a "buy" rating and issued a $66.00 price target (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Morgan Stanley lowered their price objective on shares of GXO Logistics from $63.00 to $57.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Truist Financial started coverage on shares of GXO Logistics in a report on Thursday, March 13th. They issued a "hold" rating and a $40.00 target price on the stock. Finally, UBS Group dropped their price target on GXO Logistics from $72.00 to $50.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $54.93.

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.