GXO Logistics, Inc. (NYSE:GXO) Stock Holdings Boosted by Hsbc Holdings PLC

Hsbc Holdings PLC grew its stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 117.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 23,486 shares of the company's stock after acquiring an additional 12,704 shares during the period. Hsbc Holdings PLC's holdings in GXO Logistics were worth $1,021,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in GXO. Norges Bank purchased a new position in GXO Logistics in the fourth quarter valued at $55,266,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of GXO Logistics in the 4th quarter valued at about $47,626,000. River Road Asset Management LLC increased its holdings in shares of GXO Logistics by 53.5% in the 4th quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company's stock valued at $87,355,000 after acquiring an additional 699,636 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of GXO Logistics during the 4th quarter worth about $20,905,000. Finally, Life Planning Partners Inc lifted its stake in GXO Logistics by 4,250.0% during the fourth quarter. Life Planning Partners Inc now owns 263,393 shares of the company's stock worth $11,458,000 after purchasing an additional 257,338 shares during the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

GXO Logistics Stock Up 1.3 %

Shares of NYSE:GXO traded up $0.50 during mid-day trading on Tuesday, hitting $37.83. 1,305,227 shares of the company traded hands, compared to its average volume of 1,250,636. The firm's 50 day simple moving average is $37.05 and its 200 day simple moving average is $45.21. The firm has a market cap of $4.43 billion, a P/E ratio of 33.77, a PEG ratio of 1.34 and a beta of 1.56. 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 52-week low of $30.46 and a 52-week high of $63.33.

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

Analyst Ratings Changes

A number of analysts have weighed in on GXO shares. Barclays cut their price objective on shares of GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company dropped their price objective on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. UBS Group reduced their target price on GXO Logistics from $72.00 to $50.00 and set a "buy" rating for the company in a report on Friday, February 14th. Morgan Stanley cut their price target on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Finally, Truist Financial decreased their price objective on GXO Logistics from $40.00 to $35.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, GXO Logistics has a consensus rating of "Moderate Buy" and an average price target 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.