Clearbridge Investments LLC Boosts Stock Position in GXO Logistics, Inc. (NYSE:GXO)

Clearbridge Investments LLC increased its holdings in GXO Logistics, Inc. (NYSE:GXO) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,228,144 shares of the company’s stock after acquiring an additional 153,522 shares during the quarter. Clearbridge Investments LLC owned about 3.54% of GXO Logistics worth $183,924,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of GXO Logistics by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company’s stock worth $492,977,000 after purchasing an additional 212,254 shares during the period. State Street Corp grew its stake in GXO Logistics by 1.9% in the third quarter. State Street Corp now owns 3,631,328 shares of the company’s stock worth $189,083,000 after purchasing an additional 66,232 shares during the period. Swedbank AB grew its stake in GXO Logistics by 13.9% in the fourth quarter. Swedbank AB now owns 2,050,000 shares of the company’s stock worth $89,175,000 after purchasing an additional 250,000 shares during the period. River Road Asset Management LLC increased its stake in shares of GXO Logistics by 53.5% in the 4th quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company’s stock worth $87,355,000 after acquiring an additional 699,636 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of GXO Logistics by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,982,920 shares of the company’s stock valued at $103,279,000 after purchasing an additional 29,992 shares in the last quarter. Institutional investors own 90.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and set a $66.00 price target (down from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Loop Capital cut shares of GXO Logistics from a “buy” rating to a “hold” rating and lowered their target price for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. Morgan Stanley decreased their price objective on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Friday, February 14th. UBS Group cut their target price on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Finally, Barclays dropped their price target on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Five investment 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 company has an average rating of “Moderate Buy” and an average price target of $56.00.

GXO Logistics Trading Down 1.8 %

GXO Logistics stock opened at $39.33 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. GXO Logistics, Inc. has a 12-month low of $34.51 and a 12-month high of $63.33. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 35.12, a P/E/G ratio of 1.34 and a beta of 1.62. The firm has a 50 day moving average of $41.31 and a 200 day moving average of $48.83.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

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.