New Age Alpha Advisors LLC Takes $295,000 Position in GXO Logistics, Inc. (NYSE:GXO)

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

A number of other institutional investors have also recently bought and sold shares of GXO. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of GXO Logistics by 12.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,031 shares of the company’s stock worth $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 boosted its position in 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 position in shares of GXO Logistics in the third quarter valued at $227,000. Holocene Advisors LP lifted its stake in shares of GXO Logistics by 7.2% during 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, Motley Fool Asset Management LLC lifted its stake in shares of GXO Logistics by 5.7% during the 3rd quarter. Motley Fool Asset Management LLC now owns 161,867 shares of the company’s stock worth $8,208,000 after buying an additional 8,658 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Trading Up 0.8 %

Shares of GXO opened at $39.39 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. GXO Logistics, Inc. has a 52-week low of $34.51 and a 52-week high of $63.33. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 35.17, a PEG ratio of 1.34 and a beta of 1.62. The business’s fifty day moving average is $41.10 and its 200-day moving average is $48.68.

GXO Logistics (NYSE:GXO) last issued its earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. Equities analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 price target (down from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. The Goldman Sachs Group dropped their price target on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft assumed coverage on GXO Logistics in a research report on Friday, March 7th. They set a “hold” rating and a $45.00 price objective on the stock. Wells Fargo & Company reduced their target price 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. Finally, Morgan Stanley lowered their price target on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.