Deutsche Bank AG Has $8.40 Million Holdings in GXO Logistics, Inc. (NYSE:GXO)

Deutsche Bank AG raised its position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 15.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 193,074 shares of the company's stock after purchasing an additional 26,235 shares during the quarter. Deutsche Bank AG owned approximately 0.16% of GXO Logistics worth $8,399,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC grew its position in shares of GXO Logistics by 28.9% during the 3rd quarter. Barclays PLC now owns 62,545 shares of the company's stock worth $3,256,000 after buying an additional 14,020 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position 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 worth $60,000 after buying an additional 933 shares during the period. Avanza Fonder AB acquired a new stake in shares of GXO Logistics during the 4th quarter worth approximately $117,000. Arkadios Wealth Advisors grew its position in shares of GXO Logistics by 16.3% during the 4th quarter. Arkadios Wealth Advisors now owns 6,498 shares of the company's stock worth $283,000 after buying an additional 909 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of GXO Logistics by 14.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,167 shares of the company's stock worth $660,000 after buying an additional 1,933 shares during the period. Institutional investors and hedge funds own 90.67% of the company's stock.

GXO Logistics Stock Performance

Shares of GXO stock opened at $42.27 on Friday. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month 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 market capitalization of $4.84 billion, a PE ratio of 37.74, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. The firm has a fifty day simple moving average of $37.44 and a two-hundred day simple moving average of $44.17.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GXO. Morgan Stanley reduced their price objective on shares of GXO Logistics from $63.00 to $57.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Stifel Nicolaus reaffirmed a "buy" rating and set a $66.00 price objective (down previously from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Loop Capital downgraded shares of GXO Logistics from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. Barclays reduced their price objective on shares of 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. Finally, Citigroup reduced their price objective on shares of GXO Logistics from $51.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $54.57.

GXO Logistics 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.

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