GXO Logistics, Inc. (NYSE:GXO) Shares Acquired by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lifted its stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 59.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 184,398 shares of the company's stock after buying an additional 68,989 shares during the quarter. Motley Fool Wealth Management LLC owned about 0.16% of GXO Logistics worth $11,258,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Clearbridge Investments LLC raised its position in GXO Logistics by 0.4% in the 3rd quarter. Clearbridge Investments LLC now owns 2,865,806 shares of the company's stock valued at $168,080,000 after purchasing an additional 10,830 shares during the last quarter. FMR LLC raised its position in GXO Logistics by 0.4% in the 3rd quarter. FMR LLC now owns 2,173,881 shares of the company's stock valued at $127,498,000 after purchasing an additional 8,668 shares during the last quarter. Invesco Ltd. raised its position in GXO Logistics by 22.6% in the 3rd quarter. Invesco Ltd. now owns 1,466,267 shares of the company's stock valued at $85,997,000 after purchasing an additional 270,524 shares during the last quarter. Fort Pitt Capital Group LLC raised its position in GXO Logistics by 0.3% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 1,149,398 shares of the company's stock valued at $67,412,000 after purchasing an additional 3,868 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in GXO Logistics by 3.0% in the 4th quarter. Federated Hermes Inc. now owns 1,126,959 shares of the company's stock valued at $68,925,000 after purchasing an additional 33,320 shares during the last quarter. Hedge funds and other institutional investors own 90.67% of the company's stock.

Wall Street Analysts Forecast Growth

GXO has been the subject of several research reports. Citigroup reduced their price target on shares of GXO Logistics from $66.00 to $64.00 and set a "buy" rating for the company in a research report on Thursday, February 15th. Susquehanna boosted their price objective on shares of GXO Logistics from $73.00 to $75.00 and gave the company a "positive" rating in a research note on Thursday, February 15th. BNP Paribas raised shares of GXO Logistics from an "underperform" rating to a "neutral" rating and set a $50.00 price objective on the stock in a research note on Wednesday, March 27th. Loop Capital dropped their price objective on shares of GXO Logistics from $76.00 to $74.00 and set a "buy" rating on the stock in a research note on Thursday, April 18th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of GXO Logistics from $67.00 to $65.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 9th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $69.69.

GXO Logistics Price Performance

Shares of NYSE:GXO traded down $0.03 on Friday, reaching $50.51. 605,695 shares of the company were exchanged, compared to its average volume of 800,425. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.55. GXO Logistics, Inc. has a 1-year low of $48.11 and a 1-year high of $67.57. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 2.12 and a beta of 1.64. The company has a 50-day moving average of $50.97 and a 200-day moving average of $54.51.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the firm earned $0.83 EPS. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. Equities analysts forecast that GXO Logistics, Inc. will post 2.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Gena L. Ashe sold 4,737 shares of the business's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $50.00, for a total value of $236,850.00. Following the sale, the director now directly owns 20,851 shares in the company, valued at approximately $1,042,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.00% of the company's stock.

GXO Logistics Company 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.