Deutsche Bank AG Buys 26,235 Shares of GXO Logistics, Inc. (NYSE:GXO)

Deutsche Bank AG increased its stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 193,074 shares of the company's stock after buying an additional 26,235 shares during the quarter. Deutsche Bank AG owned approximately 0.16% of GXO Logistics worth $8,399,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of GXO Logistics by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company's stock valued at $492,977,000 after acquiring an additional 212,254 shares during the period. Clearbridge Investments LLC increased its position in GXO Logistics by 3.8% during the fourth quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company's stock worth $183,924,000 after buying an additional 153,522 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of GXO Logistics by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,798,170 shares of the company's stock valued at $121,718,000 after buying an additional 50,682 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in shares of GXO Logistics by 28,112.6% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company's stock worth $114,036,000 after acquiring an additional 2,612,223 shares during the last quarter. Finally, Swedbank AB raised its stake in GXO Logistics by 13.9% in the 4th quarter. Swedbank AB now owns 2,050,000 shares of the company's stock valued at $89,175,000 after acquiring an additional 250,000 shares during the period. 90.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GXO has been the subject of a number of research analyst reports. UBS Group reduced their price objective on shares of GXO Logistics from $72.00 to $50.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Oppenheimer reduced their target price 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. Wells Fargo & Company cut their price objective on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Barclays lowered their target price on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. Finally, Truist Financial reduced their price target on GXO Logistics from $40.00 to $35.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Five research 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, GXO Logistics currently has a consensus rating of "Moderate Buy" and an average price target of $54.57.

GXO Logistics Price Performance

GXO traded up $0.27 on Thursday, reaching $40.05. The stock had a trading volume of 111,987 shares, compared to its average volume of 1,271,761. The firm has a 50-day moving average of $37.54 and a 200-day moving average of $43.77. 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 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 $4.58 billion, a price-to-earnings ratio of 35.72, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56.

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