Rhumbline Advisers Has $14.35 Million Stake in GXO Logistics, Inc. (NYSE:GXO)

Rhumbline Advisers grew its holdings in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 329,829 shares of the company's stock after purchasing an additional 10,159 shares during the period. Rhumbline Advisers owned about 0.28% of GXO Logistics worth $14,348,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale bought a new position in GXO Logistics in the 3rd quarter worth $28,000. Signaturefd LLC lifted its position in shares of GXO Logistics by 37.2% during the third quarter. Signaturefd LLC now owns 918 shares of the company's stock worth $48,000 after purchasing an additional 249 shares during the last quarter. Hara Capital LLC purchased a new position in GXO Logistics during the 3rd quarter worth $50,000. R Squared Ltd bought a new position in shares of GXO Logistics during the fourth quarter valued at approximately $54,000. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of GXO Logistics by 33.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company's stock worth $60,000 after acquiring an additional 290 shares in the last quarter. Institutional investors own 90.67% of the company's stock.

Wall Street Analysts Forecast Growth

GXO has been the topic of a number of recent research reports. Stifel Nicolaus restated a "buy" rating and issued a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. Barclays dropped their target price on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating for the company in a research report on Thursday, February 13th. 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 note on Friday, February 14th. Morgan Stanley lowered their price target on shares of GXO Logistics from $63.00 to $57.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Finally, Oppenheimer decreased their price objective on GXO Logistics from $67.00 to $55.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $57.62.

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GXO Logistics Stock Down 1.1 %

GXO stock traded down $0.47 during mid-day trading on Wednesday, hitting $40.84. 424,228 shares of the company were exchanged, compared to its average volume of 1,577,162. 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 company has a market capitalization of $4.88 billion, a PE ratio of 36.46, a price-to-earnings-growth ratio of 1.34 and a beta of 1.60. GXO Logistics, Inc. has a twelve month low of $34.51 and a twelve month high of $63.33. The firm has a fifty day simple moving average of $43.21 and a 200 day simple moving average of $50.33.

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

About GXO Logistics

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.