Stanley Laman Group Ltd. Buys 42,172 Shares of GXO Logistics, Inc. (NYSE:GXO)

Stanley Laman Group Ltd. boosted its position in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 72.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,761 shares of the company's stock after buying an additional 42,172 shares during the quarter. Stanley Laman Group Ltd. owned approximately 0.08% of GXO Logistics worth $3,938,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in 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 buying an additional 212,254 shares during the last quarter. Clearbridge Investments LLC grew its stake 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 in the last quarter. Dimensional Fund Advisors LP grew its stake in 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 purchasing an additional 50,682 shares in the last quarter. Kovitz Investment Group Partners LLC grew its stake in GXO Logistics by 28,112.6% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company's stock valued at $114,036,000 after purchasing an additional 2,612,223 shares in the last quarter. Finally, Spruce House Investment Management LLC grew its stake in GXO Logistics by 133.3% in the fourth quarter. Spruce House Investment Management LLC now owns 2,100,000 shares of the company's stock valued at $91,350,000 after purchasing an additional 1,200,000 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company's stock.

Wall Street Analysts Forecast Growth

GXO has been the subject of a number of analyst reports. Oppenheimer decreased their price target on GXO Logistics from $67.00 to $55.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft initiated coverage on GXO Logistics in a research note on Friday, March 7th. They issued a "hold" rating and a $45.00 price target for the company. Citigroup decreased their price target on GXO Logistics from $51.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Truist Financial decreased 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 given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.57.

GXO Logistics Stock Performance

GXO traded down $0.80 during trading on Friday, hitting $42.94. The stock had a trading volume of 981,206 shares, compared to its average volume of 1,285,228. The company has a 50 day moving average price of $38.56 and a 200-day moving average price of $41.41. The firm has a market cap 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 one year low of $30.46 and a one year 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 released 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 business had revenue of $2.98 billion during 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%. The firm's quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS. As a group, research analysts predict 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.