Aptus Capital Advisors LLC Buys New Stake in GXO Logistics, Inc. (NYSE:GXO)

Aptus Capital Advisors LLC purchased a new position in GXO Logistics, Inc. (NYSE:GXO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,091 shares of the company's stock, valued at approximately $439,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC lifted its stake in GXO Logistics by 28,112.6% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company's stock worth $114,036,000 after purchasing an additional 2,612,223 shares in the last quarter. Norges Bank purchased a new position in GXO Logistics during the fourth quarter worth approximately $55,266,000. Vaughan Nelson Investment Management L.P. acquired a new position in GXO Logistics during the fourth quarter worth $47,626,000. River Road Asset Management LLC grew its holdings in GXO Logistics by 53.5% in the 4th quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company's stock valued at $87,355,000 after buying an additional 699,636 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in GXO Logistics in the 4th quarter valued at $20,905,000. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Stock Down 0.1 %

Shares of GXO traded down $0.04 during mid-day trading on Friday, hitting $39.67. 1,102,252 shares of the company's stock were exchanged, compared to its average volume of 1,260,101. The stock's 50-day moving average is $37.11 and its 200-day moving average is $44.74. 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, Inc. has a fifty-two week low of $30.46 and a fifty-two week high of $63.33. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 35.42, a P/E/G ratio of 1.34 and a beta of 1.56.

GXO Logistics (NYSE:GXO - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.03. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the business earned $0.45 EPS. The firm's quarterly revenue was up 21.2% on a year-over-year basis. On average, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GXO. Deutsche Bank Aktiengesellschaft started coverage on shares of GXO Logistics in a research report on Friday, March 7th. They set a "hold" rating and a $45.00 price target on the stock. Wells Fargo & Company decreased their target price on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Oppenheimer cut their price target 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. The Goldman Sachs Group decreased their price objective on GXO Logistics from $63.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Finally, Stifel Nicolaus reissued 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. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, GXO Logistics has an average rating of "Moderate Buy" and a consensus price target of $54.57.

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.