480,571 Shares in GXO Logistics, Inc. (NYSE:GXO) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 480,571 shares of the company's stock, valued at approximately $20,905,000. Raymond James Financial Inc. owned 0.40% of GXO Logistics at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FIL Ltd raised its stake in GXO Logistics by 53.3% during the 4th quarter. FIL Ltd now owns 338,548 shares of the company's stock valued at $14,727,000 after acquiring an additional 117,673 shares in the last quarter. Rathbones Group PLC raised its stake in shares of GXO Logistics by 485.5% during the fourth quarter. Rathbones Group PLC now owns 295,140 shares of the company's stock valued at $12,839,000 after purchasing an additional 244,730 shares in the last quarter. Twin Capital Management Inc. lifted its holdings in GXO Logistics by 4.4% in the fourth quarter. Twin Capital Management Inc. now owns 37,333 shares of the company's stock worth $1,624,000 after purchasing an additional 1,586 shares during the period. Bank of Montreal Can grew its position in GXO Logistics by 27.4% in the 4th quarter. Bank of Montreal Can now owns 24,112 shares of the company's stock valued at $1,049,000 after buying an additional 5,184 shares in the last quarter. Finally, Polymer Capital Management US LLC acquired a new position in GXO Logistics during the 4th quarter valued at about $352,000. 90.67% of the stock is owned by institutional investors.

GXO Logistics Stock Up 2.9 %

NYSE:GXO traded up $1.03 on Thursday, hitting $36.09. 245,410 shares of the company's stock traded hands, compared to its average volume of 1,609,431. The company has a market cap of $4.31 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. GXO Logistics, Inc. has a 1 year low of $30.46 and a 1 year high of $63.33. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. The firm has a 50-day moving average price of $37.70 and a 200-day moving average price of $46.64.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share 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%. Equities analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Analyst Ratings Changes

GXO has been the subject of several recent analyst reports. Oppenheimer decreased their price objective on shares of GXO Logistics from $67.00 to $55.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Wells Fargo & Company lowered 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. Citigroup cut their price objective on GXO Logistics from $51.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Truist Financial started coverage on GXO Logistics in a report on Thursday, March 13th. They set a "hold" rating and a $40.00 target price on the stock. 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 report on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, GXO Logistics has a consensus rating of "Moderate Buy" and a consensus price target of $54.93.

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.