GXO Logistics, Inc. (NYSE:GXO) Shares Bought by Stifel Financial Corp

Stifel Financial Corp raised its stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 45.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,493 shares of the company's stock after acquiring an additional 34,448 shares during the period. Stifel Financial Corp owned approximately 0.09% of GXO Logistics worth $4,807,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GXO. Vanguard Group Inc. increased its stake in GXO Logistics by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company's stock worth $492,977,000 after purchasing an additional 212,254 shares during the period. Clearbridge Investments LLC increased its stake in GXO Logistics by 3.8% during the 4th quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company's stock worth $183,924,000 after buying an additional 153,522 shares during the period. Dimensional Fund Advisors LP increased its stake 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 worth $121,718,000 after buying an additional 50,682 shares during the period. Swedbank AB lifted its holdings in GXO Logistics by 13.9% during the 4th quarter. Swedbank AB now owns 2,050,000 shares of the company's stock worth $89,175,000 after buying an additional 250,000 shares in the last quarter. Finally, River Road Asset Management LLC boosted its position in 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 buying an additional 699,636 shares during the period. 90.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GXO. Wells Fargo & Company cut their price objective on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Loop Capital lowered GXO Logistics from a "buy" rating to a "hold" rating and reduced their price target for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on GXO Logistics in a research report on Friday, March 7th. They set a "hold" rating and a $45.00 price objective for the company. Morgan Stanley cut their target price on shares of GXO Logistics from $63.00 to $57.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Finally, Truist Financial decreased their price target on shares of GXO Logistics from $40.00 to $35.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. 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.com, the company has a consensus rating of "Moderate Buy" and an average price target of $54.57.

GXO Logistics Stock Performance

NYSE GXO traded up $1.35 during trading hours on Friday, hitting $37.52. The company had a trading volume of 812,894 shares, compared to its average volume of 1,249,625. The business has a 50 day moving average of $37.16 and a 200-day moving average of $45.56. The company has a market cap of $4.39 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. GXO Logistics, Inc. has a 1-year low of $30.46 and a 1-year high of $63.33. 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 (NYSE:GXO - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (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%. As a group, equities research analysts expect that GXO Logistics, Inc. will post 2.49 EPS for the current year.

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.