Aristotle Capital Boston LLC Purchases 8,986 Shares of GXO Logistics, Inc. (NYSE:GXO)

Aristotle Capital Boston LLC lifted its position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 397,809 shares of the company's stock after purchasing an additional 8,986 shares during the period. Aristotle Capital Boston LLC owned 0.33% of GXO Logistics worth $17,305,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Arizona State Retirement System lifted its holdings in GXO Logistics by 0.8% in the 4th quarter. Arizona State Retirement System now owns 34,671 shares of the company's stock worth $1,508,000 after buying an additional 281 shares during the period. Treasurer of the State of North Carolina boosted its holdings in GXO Logistics by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 51,616 shares of the company's stock valued at $2,245,000 after acquiring an additional 330 shares in the last quarter. Pacer Advisors Inc. increased its position in GXO Logistics by 1.1% during the 4th quarter. Pacer Advisors Inc. now owns 30,815 shares of the company's stock valued at $1,340,000 after purchasing an additional 338 shares during the period. Whittier Trust Co. of Nevada Inc. raised 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 worth $60,000 after purchasing an additional 348 shares in the last quarter. Finally, Belpointe Asset Management LLC boosted its stake in shares of GXO Logistics by 8.9% during the 4th quarter. Belpointe Asset Management LLC now owns 5,728 shares of the company's stock valued at $249,000 after purchasing an additional 470 shares in the last quarter. 90.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on GXO shares. Stifel Nicolaus reissued a "buy" rating and issued a $66.00 price target (down from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. Oppenheimer dropped their price objective on shares of GXO Logistics from $67.00 to $55.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft began coverage on shares of GXO Logistics in a report on Friday, March 7th. They issued a "hold" rating and a $45.00 price objective on the stock. Barclays lowered their target price on shares of GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. Finally, Loop Capital downgraded GXO Logistics from a "buy" rating to a "hold" rating and cut their price target for the stock from $71.00 to $49.00 in a research note on Monday, February 3rd. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, GXO Logistics currently has an average rating of "Moderate Buy" and a consensus target price of $54.57.

GXO Logistics Stock Performance

Shares of NYSE:GXO traded up $0.50 during midday trading on Tuesday, reaching $37.83. 1,305,227 shares of the company's stock traded hands, compared to its average volume of 1,250,636. 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 one year low of $30.46 and a one year high of $63.33. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 1.34 and a beta of 1.56. The stock has a 50 day moving average of $37.09 and a 200 day moving average of $45.26.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. As a group, equities research analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal 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.