Foster Victor Wealth Advisors LLC Has $6.28 Million Stake in GXO Logistics, Inc. (NYSE:GXO)

Foster Victor Wealth Advisors LLC raised its position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 17.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 160,801 shares of the company's stock after buying an additional 23,929 shares during the period. Foster Victor Wealth Advisors LLC owned about 0.13% of GXO Logistics worth $6,284,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of GXO Logistics by 57.0% during the first quarter. GAMMA Investing LLC now owns 832 shares of the company's stock worth $33,000 after buying an additional 302 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of GXO Logistics during the fourth quarter worth approximately $41,000. Summit Securities Group LLC increased its holdings in shares of GXO Logistics by 870.9% during the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock worth $44,000 after buying an additional 897 shares in the last quarter. Quarry LP increased its holdings in shares of GXO Logistics by 1,334.9% in the fourth quarter. Quarry LP now owns 1,234 shares of the company's stock valued at $54,000 after purchasing an additional 1,148 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of GXO Logistics by 33.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company's stock valued at $60,000 after purchasing an additional 348 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Oppenheimer lowered 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GXO Logistics in a report on Friday, March 7th. They issued a "hold" rating and a $45.00 price target for the company. Citigroup lowered their price target on shares of GXO Logistics from $51.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, 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. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $54.57.

GXO Logistics Trading Down 1.8%

Shares of NYSE GXO traded down $0.80 during midday trading on Friday, reaching $42.94. 981,206 shares of the stock were exchanged, compared to its average volume of 1,285,228. The business has a 50-day simple moving average of $38.56 and a two-hundred day simple moving average of $41.54. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 38.34, a P/E/G ratio of 1.34 and a beta of 1.59. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $63.33. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86.

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 for the quarter, topping analysts' consensus estimates of $0.26 by $0.03. The company had revenue of $2.98 billion for 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 business's quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. As a group, equities research analysts expect that GXO Logistics, Inc. will post 2.49 EPS for the current year.

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.