UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Holdings in GXO Logistics, Inc. (NYSE:GXO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 26.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 368,541 shares of the company's stock after selling 133,732 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.31% of GXO Logistics worth $16,032,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new stake in GXO Logistics during the 4th quarter worth about $41,000. Summit Securities Group LLC increased its position 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 valued at $44,000 after purchasing an additional 897 shares during the period. R Squared Ltd bought a new stake in GXO Logistics in the fourth quarter valued at $54,000. Quarry LP grew its position in 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 acquiring an additional 1,148 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of GXO Logistics by 33.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company's stock worth $60,000 after purchasing an additional 348 shares during 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 topic of several analyst reports. Oppenheimer cut their target price on GXO Logistics from $67.00 to $55.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Barclays lowered their target price on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. Wells Fargo & Company reduced their price target on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft began coverage on GXO Logistics in a report on Friday, March 7th. They issued a "hold" rating and a $45.00 price target on the stock. 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.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.57.

GXO Logistics Stock Down 1.2%

GXO stock traded down $0.49 during mid-day trading on Friday, hitting $41.16. 1,170,985 shares of the company were exchanged, compared to its average volume of 1,279,790. 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 1-year low of $30.46 and a 1-year high of $63.33. The firm has a market cap of $4.71 billion, a P/E ratio of 36.75, a P/E/G ratio of 1.34 and a beta of 1.56. The firm's 50 day simple moving average is $37.55 and its 200 day simple moving average is $42.86.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.26 by $0.03. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the company posted $0.45 earnings per share. GXO Logistics's revenue was up 21.2% compared to the same quarter last year. On average, sell-side analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal 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.