Boston Common Asset Management LLC Invests $5.86 Million in GXO Logistics, Inc. (NYSE:GXO)

Boston Common Asset Management LLC bought a new stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 150,000 shares of the company's stock, valued at approximately $5,862,000. Boston Common Asset Management LLC owned about 0.13% of GXO Logistics as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new stake in shares of GXO Logistics in the 4th quarter valued at $41,000. Summit Securities Group LLC increased its position in shares of GXO Logistics by 870.9% in the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock valued at $44,000 after buying an additional 897 shares in the last quarter. R Squared Ltd bought a new stake in shares of GXO Logistics in the 4th quarter valued at $54,000. Quarry LP increased its position in shares of GXO Logistics by 1,334.9% in the 4th quarter. Quarry LP now owns 1,234 shares of the company's stock valued at $54,000 after buying an additional 1,148 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of GXO Logistics by 33.7% in the 4th 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 in the last quarter. Institutional investors own 90.67% of the company's stock.

GXO Logistics Stock Down 1.2%

NYSE GXO traded down $0.49 on Friday, reaching $41.16. The company had a trading volume of 1,170,985 shares, compared to its average volume of 1,281,614. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 36.75, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. 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 1-year low of $30.46 and a 1-year high of $63.33. The company's fifty day moving average is $37.55 and its 200-day moving average is $42.73.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.29 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 during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the business posted $0.45 EPS. The company's quarterly revenue was up 21.2% on a year-over-year basis. On average, research analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GXO has been the subject of a number of recent analyst reports. Barclays lowered 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. Stifel Nicolaus restated a "buy" rating and issued a $66.00 price objective (down previously from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Citigroup lowered 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. UBS Group lowered 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. Finally, Oppenheimer lowered their price objective on shares of GXO Logistics from $67.00 to $55.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $54.57.

GXO Logistics Company 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.