Vaughan Nelson Investment Management L.P. Has $71.10 Million Holdings in GXO Logistics, Inc. (NYSE:GXO)

Vaughan Nelson Investment Management L.P. raised its stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 66.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,819,395 shares of the company's stock after buying an additional 724,535 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 1.52% of GXO Logistics worth $71,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers grew its stake in shares of GXO Logistics by 3.2% during the fourth quarter. Rhumbline Advisers now owns 329,829 shares of the company's stock worth $14,348,000 after acquiring an additional 10,159 shares during the last quarter. Blue Zone Wealth Advisors LLC boosted its stake in GXO Logistics by 32.4% during the 4th quarter. Blue Zone Wealth Advisors LLC now owns 63,484 shares of the company's stock worth $2,762,000 after purchasing an additional 15,542 shares during the last quarter. Truist Financial Corp grew its position in shares of GXO Logistics by 4.0% in the fourth quarter. Truist Financial Corp now owns 17,581 shares of the company's stock valued at $765,000 after purchasing an additional 675 shares in the last quarter. Peregrine Capital Management LLC increased its position in GXO Logistics by 1.5% during the fourth quarter. Peregrine Capital Management LLC now owns 155,493 shares of the company's stock worth $6,764,000 after purchasing an additional 2,357 shares during the last quarter. Finally, Illinois Municipal Retirement Fund increased its stake in GXO Logistics by 152.9% during the fourth quarter. Illinois Municipal Retirement Fund now owns 53,648 shares of the company's stock worth $2,334,000 after acquiring an additional 32,433 shares during the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on GXO shares. Truist Financial lowered their price target on shares of GXO Logistics from $40.00 to $35.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Citigroup reduced their target price on GXO Logistics from $51.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GXO Logistics in a report on Friday, March 7th. They set a "hold" rating and a $45.00 target price for the company. Finally, Oppenheimer cut their target price on shares of GXO Logistics from $67.00 to $55.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $54.57.

GXO Logistics Trading Up 1.7%

NYSE GXO traded up $0.75 on Monday, reaching $43.71. The company had a trading volume of 169,756 shares, compared to its average volume of 1,280,828. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 39.08, a PEG ratio of 1.34 and a beta of 1.59. The stock's 50 day moving average is $38.56 and its 200-day moving average is $41.41. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. GXO Logistics, Inc. has a 52 week low of $30.46 and a 52 week high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last released its 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. The firm had revenue of $2.98 billion for the quarter, compared to analysts' expectations of $2.94 billion. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. The business's quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 EPS. Equities analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share 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.