GXO Logistics, Inc. (NYSE:GXO) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,798,170 shares of the company's stock after purchasing an additional 50,682 shares during the quarter. Dimensional Fund Advisors LP owned 2.34% of GXO Logistics worth $121,718,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake 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 raised its position in GXO Logistics by 3.8% in the fourth quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company's stock valued at $183,924,000 after purchasing an additional 153,522 shares during the period. Swedbank AB lifted its stake in shares of GXO Logistics by 13.9% during the fourth quarter. Swedbank AB now owns 2,050,000 shares of the company's stock worth $89,175,000 after purchasing an additional 250,000 shares in the last quarter. River Road Asset Management LLC boosted its position in shares of GXO Logistics by 53.5% in the fourth quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company's stock worth $87,355,000 after buying an additional 699,636 shares during the period. Finally, Norges Bank acquired a new stake in shares of GXO Logistics in the fourth quarter valued at about $55,266,000. Hedge funds and other institutional investors own 90.67% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Oppenheimer decreased their price target on GXO Logistics from $67.00 to $55.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Truist Financial lowered their price target on shares of GXO Logistics from $40.00 to $35.00 and set a "hold" rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group dropped their target price on GXO Logistics from $63.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company reduced their target price on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Finally, Morgan Stanley dropped their price target on shares of GXO Logistics from $63.00 to $57.00 and set an "overweight" rating for the company 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 company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $54.57.

GXO Logistics Stock Performance

Shares of GXO traded up $0.46 during midday trading on Wednesday, hitting $36.21. 1,155,861 shares of the stock traded hands, compared to its average volume of 1,240,253. The firm has a market capitalization of $4.24 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. The business's 50 day moving average price is $37.36 and its two-hundred day moving average price is $46.09. GXO Logistics, Inc. has a 1-year low of $30.46 and a 1-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 announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. Equities research analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

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.