William Blair Investment Management LLC Lowers Position in GXO Logistics, Inc. (NYSE:GXO)

William Blair Investment Management LLC lowered its position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 24.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 356,910 shares of the company's stock after selling 113,594 shares during the period. William Blair Investment Management LLC owned about 0.30% of GXO Logistics worth $15,526,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GXO. R Squared Ltd purchased a new position in shares of GXO Logistics during the fourth quarter valued at approximately $54,000. Nomura Asset Management Co. Ltd. lifted its position in shares of GXO Logistics by 33.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company's stock worth $60,000 after purchasing an additional 290 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of GXO Logistics by 213.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company's stock valued at $60,000 after purchasing an additional 933 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in GXO Logistics in the third quarter worth about $71,000. Finally, Brooklyn Investment Group purchased a new position in shares of GXO Logistics during the 3rd quarter worth approximately $106,000. Institutional investors own 90.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GXO. Barclays dropped their price target on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Stifel Nicolaus reissued a "buy" rating and set a $66.00 price target (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. UBS Group cut their price objective on shares of GXO Logistics from $72.00 to $50.00 and set a "buy" rating on the stock in a report on Friday, February 14th. The Goldman Sachs Group lowered their target price 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. Finally, Oppenheimer cut their price target 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. Six investment 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 currently has an average rating of "Moderate Buy" and a consensus price target of $55.60.

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GXO Logistics Stock Performance

Shares of GXO stock traded up $0.18 during trading hours on Monday, reaching $40.55. The company had a trading volume of 1,368,890 shares, compared to its average volume of 1,151,462. The firm has a market cap of $4.85 billion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62. The business has a fifty day moving average price of $41.70 and a 200-day moving average price of $49.13. GXO Logistics, Inc. has a one year low of $34.51 and a one year high of $63.33. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, beating 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%. Sell-side analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share 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.