Algert Global LLC increased its position in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 83.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 191,779 shares of the company's stock after purchasing an additional 87,148 shares during the quarter. Algert Global LLC owned 0.16% of GXO Logistics worth $8,342,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Arizona State Retirement System grew its holdings in GXO Logistics by 0.8% during the 4th quarter. Arizona State Retirement System now owns 34,671 shares of the company's stock worth $1,508,000 after acquiring an additional 281 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in GXO Logistics by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 51,616 shares of the company's stock worth $2,245,000 after purchasing an additional 330 shares in the last quarter. Pacer Advisors Inc. increased its holdings in GXO Logistics by 1.1% in the fourth quarter. Pacer Advisors Inc. now owns 30,815 shares of the company's stock valued at $1,340,000 after buying an additional 338 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in GXO Logistics by 33.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company's stock valued at $60,000 after buying an additional 348 shares during the last quarter. Finally, Belpointe Asset Management LLC raised its stake in GXO Logistics by 8.9% during the fourth quarter. Belpointe Asset Management LLC now owns 5,728 shares of the company's stock valued at $249,000 after buying an additional 470 shares in the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.
GXO Logistics Stock Performance
GXO stock traded down $0.04 on Friday, reaching $39.67. The company's stock had a trading volume of 1,102,252 shares, compared to its average volume of 1,260,101. GXO Logistics, Inc. has a 52 week low of $30.46 and a 52 week high of $63.33. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. The company has a market capitalization of $4.64 billion, a P/E ratio of 35.42, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. The firm has a fifty day moving average of $37.11 and a two-hundred day moving average of $44.74.
GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.03. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.94 billion. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. The company's quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. As a group, analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group lowered their price target on GXO Logistics from $63.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Stifel Nicolaus reiterated a "buy" rating and set a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. Oppenheimer reduced their price target on shares of GXO Logistics from $67.00 to $55.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Loop Capital lowered shares of GXO Logistics from a "buy" rating to a "hold" rating and decreased their price target for the company from $71.00 to $49.00 in a report on Monday, February 3rd. Finally, Wells Fargo & Company dropped their price objective on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $54.57.
Check Out Our Latest Report on GXO Logistics
About GXO Logistics
(
Free Report)
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.
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