Janney Montgomery Scott LLC Boosts Stock Position in GXO Logistics, Inc. (NYSE:GXO)

Janney Montgomery Scott LLC increased its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 14.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,167 shares of the company’s stock after buying an additional 1,933 shares during the quarter. Janney Montgomery Scott LLC’s holdings in GXO Logistics were worth $660,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GXO. Arkadios Wealth Advisors boosted its position in shares of GXO Logistics by 16.3% during the 4th quarter. Arkadios Wealth Advisors now owns 6,498 shares of the company’s stock valued at $283,000 after acquiring an additional 909 shares during the last quarter. Avanza Fonder AB purchased a new position in GXO Logistics during the fourth quarter worth about $117,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in GXO Logistics by 213.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock valued at $60,000 after purchasing an additional 933 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of GXO Logistics in the 4th quarter valued at approximately $182,000. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of GXO Logistics by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 48,937 shares of the company’s stock worth $2,129,000 after buying an additional 1,172 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Stock Down 1.3 %

Shares of GXO opened at $43.27 on Friday. The company’s 50-day simple moving average is $45.71 and its 200-day simple moving average is $51.34. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86. GXO Logistics, Inc. has a 1 year low of $41.38 and a 1 year high of $63.33. The stock has a market capitalization of $5.17 billion, a PE ratio of 48.08, a P/E/G ratio of 1.24 and a beta of 1.60.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Barclays decreased their price objective on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. Oppenheimer upped their price target on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and lowered their price target for the stock from $71.00 to $49.00 in a report on Monday, February 3rd. The Goldman Sachs Group reduced their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, UBS Group increased their target price on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, GXO Logistics currently has an average rating of “Moderate Buy” and a consensus price target of $63.46.

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.