Pacer Advisors Inc. Acquires 338 Shares of GXO Logistics, Inc. (NYSE:GXO)

Pacer Advisors Inc. increased its holdings in GXO Logistics, Inc. (NYSE:GXO) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 30,815 shares of the company’s stock after buying an additional 338 shares during the quarter. Pacer Advisors Inc.’s holdings in GXO Logistics were worth $1,340,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Stifel Financial Corp increased its position in shares of GXO Logistics by 95.8% during the 3rd quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock valued at $3,960,000 after purchasing an additional 37,197 shares during the last quarter. Douglas Lane & Associates LLC increased its holdings in GXO Logistics by 6.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock valued at $20,904,000 after buying an additional 31,015 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in GXO Logistics by 2.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company’s stock worth $26,153,000 after acquiring an additional 12,208 shares during the period. Tidal Investments LLC purchased a new position in shares of GXO Logistics during the 3rd quarter worth $667,000. Finally, Barclays PLC grew its position in shares of GXO Logistics by 28.9% during the 3rd quarter. Barclays PLC now owns 62,545 shares of the company’s stock valued at $3,256,000 after acquiring an additional 14,020 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Trading Down 1.1 %

NYSE GXO opened at $45.48 on Monday. The stock has a market cap of $5.43 billion, a PE ratio of 50.53, a PEG ratio of 1.26 and a beta of 1.60. GXO Logistics, Inc. has a 12 month low of $41.38 and a 12 month high of $63.33. The company’s 50-day moving average price is $47.37 and its 200-day moving average price is $51.65. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.01. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. GXO Logistics’s revenue was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 earnings per share. Equities research analysts forecast that GXO Logistics, Inc. will post 2.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on GXO shares. The Goldman Sachs Group lowered their price objective on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Barclays dropped their price target on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. TD Cowen raised their price objective on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. UBS Group upped their target price on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Oppenheimer raised their price target on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, GXO Logistics currently has a consensus rating of “Moderate Buy” and an average price target of $65.38.

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.