Axa S.A. Raises Stock Position in GXO Logistics, Inc. (NYSE:GXO)

AXA S.A. increased its holdings in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 20.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,294,468 shares of the company's stock after purchasing an additional 223,445 shares during the quarter. AXA S.A. owned 1.08% of GXO Logistics worth $56,309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of GXO Logistics by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company's stock valued at $492,977,000 after acquiring an additional 212,254 shares during the period. Clearbridge Investments LLC grew its stake in shares of GXO Logistics by 3.8% in the fourth quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company's stock worth $183,924,000 after purchasing an additional 153,522 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in GXO Logistics by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,798,170 shares of the company's stock valued at $121,718,000 after purchasing an additional 50,682 shares during the period. Kovitz Investment Group Partners LLC raised its position in GXO Logistics by 28,112.6% during 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 purchasing an additional 2,612,223 shares during the last quarter. Finally, Swedbank AB increased its stake in shares of GXO Logistics by 13.9% during the fourth quarter. Swedbank AB now owns 2,050,000 shares of the company's stock valued at $89,175,000 after buying an additional 250,000 shares during the period. Hedge funds and other institutional investors own 90.67% of the company's stock.

GXO Logistics Stock Up 1.0 %

GXO Logistics stock traded up $0.38 during mid-day trading on Wednesday, reaching $38.18. The stock had a trading volume of 2,754,909 shares, compared to its average volume of 1,256,637. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 34.09, a PEG ratio of 1.34 and a beta of 1.56. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $63.33. The company has a 50-day moving average price of $37.05 and a two-hundred day moving average price of $45.21.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.02. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. On average, analysts expect that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Truist Financial cut their target price on shares of GXO Logistics from $40.00 to $35.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group decreased their target price on GXO Logistics from $63.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Barclays dropped their price target on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft started coverage on GXO Logistics in a report on Friday, March 7th. They issued a "hold" rating and a $45.00 price objective for the company. Finally, Oppenheimer dropped their target price on shares of GXO Logistics from $67.00 to $55.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $54.57.

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.