Marshall Wace LLP Purchases 62,375 Shares of GXO Logistics, Inc. (NYSE:GXO)

Marshall Wace LLP raised its stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 601.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,747 shares of the company's stock after buying an additional 62,375 shares during the quarter. Marshall Wace LLP owned about 0.06% of GXO Logistics worth $3,164,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Arizona State Retirement System increased its holdings in shares of GXO Logistics by 0.8% during the fourth quarter. Arizona State Retirement System now owns 34,671 shares of the company's stock valued at $1,508,000 after acquiring an additional 281 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in GXO Logistics by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 51,616 shares of the company's stock valued at $2,245,000 after purchasing an additional 330 shares in the last quarter. Pacer Advisors Inc. increased its stake 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 in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in GXO Logistics by 33.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company's stock worth $60,000 after buying an additional 348 shares during the last quarter. Finally, Belpointe Asset Management LLC lifted its stake in shares of GXO Logistics by 8.9% in the fourth quarter. Belpointe Asset Management LLC now owns 5,728 shares of the company's stock worth $249,000 after buying an additional 470 shares in the last quarter. Hedge funds and other institutional investors own 90.67% of the company's stock.

Wall Street Analyst Weigh In

GXO has been the topic of several recent analyst reports. Loop Capital downgraded GXO Logistics from a "buy" rating to a "hold" rating and cut their target price for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. UBS Group lowered their price target on shares of GXO Logistics from $72.00 to $50.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Morgan Stanley cut their target price on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Oppenheimer decreased their price target 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. Finally, The Goldman Sachs Group lowered 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. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.57.

GXO Logistics Trading Up 1.2 %

Shares of GXO traded up $0.43 during trading hours on Thursday, reaching $36.67. 240,548 shares of the company traded hands, compared to its average volume of 1,238,365. The stock's fifty day moving average price is $37.30 and its 200 day moving average price is $46.02. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 1.34 and a beta of 1.56. GXO Logistics, Inc. has a 12-month low of $30.46 and a 12-month high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. Sell-side analysts forecast 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.