GXO Logistics, Inc. (NYSE:GXO) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC raised its stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 14.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 394,250 shares of the company's stock after buying an additional 48,887 shares during the quarter. Nuveen Asset Management LLC owned about 0.33% of GXO Logistics worth $17,150,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new stake in GXO Logistics during the 4th quarter valued at $41,000. Summit Securities Group LLC grew its holdings in GXO Logistics by 870.9% during 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 during the last quarter. Quarry LP lifted its holdings in 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 purchasing an additional 1,148 shares in the last quarter. R Squared Ltd purchased a new position in GXO Logistics in the 4th quarter valued at about $54,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in 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 purchasing an additional 348 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company's stock.

GXO Logistics Trading Down 1.4%

GXO traded down $0.56 on Wednesday, reaching $41.04. 460,042 shares of the company's stock were exchanged, compared to its average volume of 1,522,945. The company's 50 day moving average is $37.50 and its 200-day moving average is $43.13. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 36.79, a PEG ratio of 1.34 and a beta of 1.56. GXO Logistics, Inc. has a twelve month low of $30.46 and a twelve month 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 posted its earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.03. The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. The company's revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. Equities analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Morgan Stanley reduced their target price on shares of GXO Logistics from $63.00 to $57.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Citigroup reduced their target price on shares of GXO Logistics from $51.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Barclays reduced their target price on shares of GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. 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 target price on the stock. Finally, Truist Financial reduced their target price on shares of GXO Logistics from $40.00 to $35.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average 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.