GXO Logistics, Inc. (NYSE:GXO) Shares Acquired by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC lifted its stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 489,436 shares of the company's stock after acquiring an additional 8,883 shares during the period. Douglas Lane & Associates LLC owned 0.41% of GXO Logistics worth $19,127,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GXO. Barclays PLC raised its stake in GXO Logistics by 28.9% during the third quarter. Barclays PLC now owns 62,545 shares of the company's stock worth $3,256,000 after purchasing an additional 14,020 shares during the period. Janney Montgomery Scott LLC boosted its holdings in GXO Logistics by 14.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 15,167 shares of the company's stock valued at $660,000 after acquiring an additional 1,933 shares during the last quarter. KBC Group NV increased its stake in GXO Logistics by 32.4% during the fourth quarter. KBC Group NV now owns 4,852 shares of the company's stock worth $211,000 after acquiring an additional 1,187 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of GXO Logistics by 1.1% in the 4th quarter. Pacer Advisors Inc. now owns 30,815 shares of the company's stock worth $1,340,000 after purchasing an additional 338 shares during the period. Finally, R Squared Ltd acquired a new position in shares of GXO Logistics in the 4th quarter valued at about $54,000. 90.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GXO has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their target price 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. Truist Financial dropped their price objective on shares of GXO Logistics from $40.00 to $35.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus restated a "buy" rating and set a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. UBS Group lowered their price target on GXO Logistics from $72.00 to $50.00 and set a "buy" rating for the company in a report on Friday, February 14th. Finally, Citigroup cut their price objective on GXO Logistics from $51.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $54.57.

GXO Logistics Stock Up 1.5%

Shares of NYSE GXO traded up $0.64 during midday trading on Thursday, reaching $42.46. 337,976 shares of the company's stock were exchanged, compared to its average volume of 1,275,103. 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 52-week low of $30.46 and a 52-week high of $63.33. The business's fifty day moving average price is $37.63 and its two-hundred day moving average price is $42.48. The stock has a market capitalization of $4.86 billion, a PE ratio of 37.91, a price-to-earnings-growth ratio of 1.34 and a beta of 1.59.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.94 billion. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. GXO Logistics's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 EPS. Analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current 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.