Reinhart Partners LLC. Has $28.37 Million Holdings in GXO Logistics, Inc. (NYSE:GXO)

Reinhart Partners LLC. boosted its position in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 21.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 726,022 shares of the company's stock after buying an additional 125,886 shares during the quarter. Reinhart Partners LLC. owned approximately 0.61% of GXO Logistics worth $28,373,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake 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 4th quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company's stock valued at $183,924,000 after buying an additional 153,522 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in GXO Logistics by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,798,170 shares of the company's stock valued at $121,718,000 after buying an additional 50,682 shares during the last quarter. Kovitz Investment Group Partners LLC grew its stake in GXO Logistics by 28,112.6% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company's stock valued at $114,036,000 after buying an additional 2,612,223 shares during the last quarter. Finally, Spruce House Investment Management LLC grew its stake in GXO Logistics by 133.3% in the 4th quarter. Spruce House Investment Management LLC now owns 2,100,000 shares of the company's stock valued at $91,350,000 after buying an additional 1,200,000 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on GXO shares. Barclays lowered 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 research note on Thursday, February 13th. Wells Fargo & Company decreased their price target on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Oppenheimer decreased their price target on shares of GXO Logistics from $67.00 to $55.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Stifel Nicolaus restated a "buy" rating and issued a $66.00 price target (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Finally, UBS Group decreased their price target on shares of GXO Logistics from $72.00 to $50.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.57.

GXO Logistics Price Performance

NYSE:GXO opened at $42.23 on Friday. The company has a 50-day moving average of $37.75 and a 200-day moving average of $42.25. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 37.70, a PEG ratio of 1.34 and a beta of 1.59. GXO Logistics, Inc. has a 52 week low of $30.46 and a 52 week 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 released 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. The company 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 firm's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. As a group, equities research analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

About GXO Logistics

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.

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