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

Motley Fool Asset Management LLC raised its position in GXO Logistics, Inc. (NYSE:GXO) by 38.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 159,163 shares of the company’s stock after purchasing an additional 44,372 shares during the period. Motley Fool Asset Management LLC owned 0.13% of GXO Logistics worth $9,734,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GXO. DekaBank Deutsche Girozentrale purchased a new position in GXO Logistics in the 3rd quarter valued at $31,000. CWM LLC increased its stake in shares of GXO Logistics by 28.1% in the 4th quarter. CWM LLC now owns 1,778 shares of the company’s stock worth $109,000 after acquiring an additional 390 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of GXO Logistics by 81.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,912 shares of the company’s stock worth $112,000 after acquiring an additional 861 shares during the last quarter. U S Global Investors Inc. increased its stake in shares of GXO Logistics by 42.5% in the 4th quarter. U S Global Investors Inc. now owns 2,472 shares of the company’s stock worth $151,000 after acquiring an additional 737 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd increased its stake in shares of GXO Logistics by 108.8% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,909 shares of the company’s stock worth $171,000 after acquiring an additional 1,516 shares during the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Insider Activity

In other news, Director Gena L. Ashe sold 4,737 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $50.00, for a total value of $236,850.00. Following the sale, the director now directly owns 20,851 shares in the company, valued at $1,042,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Stifel Nicolaus raised their price objective on GXO Logistics from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Citigroup cut their price objective on GXO Logistics from $66.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Susquehanna lifted their target price on GXO Logistics from $73.00 to $75.00 and gave the company a “positive” rating in a research report on Thursday, February 15th. Loop Capital dropped their target price on GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. decreased their price objective on GXO Logistics from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, GXO Logistics currently has an average rating of “Moderate Buy” and an average target price of $69.69.

GXO Logistics Price Performance

GXO traded up $1.42 during trading on Thursday, reaching $50.52. 912,070 shares of the stock were exchanged, compared to its average volume of 877,256. The business’s 50 day moving average price is $51.07 and its two-hundred day moving average price is $54.57. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 2.11 and a beta of 1.64. GXO Logistics, Inc. has a 1 year low of $48.11 and a 1 year high of $67.57.

GXO Logistics (NYSE:GXO) last posted its earnings results on Tuesday, February 13th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. GXO Logistics had a return on equity of 10.94% and a net margin of 2.34%. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the business earned $0.83 earnings per share. GXO Logistics’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts anticipate that GXO Logistics, Inc. will post 2.78 earnings per share 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.