New Age Alpha Advisors LLC Buys Shares of 6,789 GXO Logistics, Inc. (NYSE:GXO)

New Age Alpha Advisors LLC purchased a new position in shares of GXO Logistics, Inc. (NYSE:GXO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,789 shares of the company’s stock, valued at approximately $295,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arizona State Retirement System grew its holdings in GXO Logistics by 0.8% during the 4th quarter. Arizona State Retirement System now owns 34,671 shares of the company’s stock worth $1,508,000 after acquiring an additional 281 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of GXO Logistics by 33.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock worth $60,000 after purchasing an additional 290 shares during the period. Pacer Advisors Inc. grew its stake in shares of GXO Logistics by 1.1% in the fourth quarter. Pacer Advisors Inc. now owns 30,815 shares of the company’s stock worth $1,340,000 after purchasing an additional 338 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased 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 valued at $60,000 after purchasing an additional 348 shares during the period. Finally, Stablepoint Partners LLC lifted its holdings in GXO Logistics by 4.2% during the 4th quarter. Stablepoint Partners LLC now owns 15,916 shares of the company’s stock worth $692,000 after buying an additional 637 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group decreased their price target on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Barclays dropped their price target on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Wells Fargo & Company decreased their price objective on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Stifel Nicolaus restated a “buy” rating and issued a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Finally, Morgan Stanley decreased their price target on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.00.

GXO Logistics Price Performance

Shares of NYSE:GXO opened at $39.39 on Wednesday. The stock’s 50 day moving average is $41.10 and its 200-day moving average is $48.68. GXO Logistics, Inc. has a twelve month low of $34.51 and a twelve month high of $63.33. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 35.17, a PEG ratio of 1.34 and a beta of 1.62.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates 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 EPS for the current fiscal 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.