Motley Fool Asset Management LLC Raises Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Motley Fool Asset Management LLC grew its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 177,745 shares of the company’s stock after buying an additional 15,878 shares during the quarter. Motley Fool Asset Management LLC’s holdings in GXO Logistics were worth $7,732,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GXO. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in GXO Logistics by 12.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,031 shares of the company’s stock valued at $2,761,000 after acquiring an additional 6,004 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of GXO Logistics by 2.5% during 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 purchasing an additional 12,208 shares during the period. Paloma Partners Management Co acquired a new stake in shares of GXO Logistics during the third quarter worth $227,000. Holocene Advisors LP lifted its position in shares of GXO Logistics by 7.2% in the 3rd quarter. Holocene Advisors LP now owns 100,302 shares of the company’s stock worth $5,223,000 after buying an additional 6,767 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new position in shares of GXO Logistics in the 3rd quarter valued at about $271,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Price Performance

NYSE GXO opened at $40.12 on Thursday. GXO Logistics, Inc. has a 1 year low of $34.51 and a 1 year high of $63.33. The company has a fifty day simple moving average of $41.00 and a 200 day simple moving average of $48.62. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. The company has a market cap of $4.80 billion, a P/E ratio of 35.82, a P/E/G ratio of 1.34 and a beta of 1.62.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) 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%. On average, sell-side analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Stifel Nicolaus restated a “buy” rating and issued a $66.00 target price (down from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. Loop Capital lowered GXO Logistics from a “buy” rating to a “hold” rating and reduced their price objective for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Morgan Stanley lowered their price objective on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. The Goldman Sachs Group cut their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of GXO Logistics in a report on Friday, March 7th. They issued a “hold” rating and a $45.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.00.

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.