GXO Logistics, Inc. (NYSE:GXO) Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC increased 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 Form 13F filing with the Securities & Exchange Commission. The fund owned 177,745 shares of the company’s stock after purchasing an additional 15,878 shares during the quarter. Motley Fool Asset Management LLC owned approximately 0.15% of GXO Logistics worth $7,732,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp acquired a new position in shares of GXO Logistics in the 4th quarter valued at $41,000. Summit Securities Group LLC lifted its position in GXO Logistics by 870.9% in the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock valued at $44,000 after acquiring an additional 897 shares during the last quarter. R Squared Ltd acquired a new position in GXO Logistics in the fourth quarter valued at $54,000. Nomura Asset Management Co. Ltd. grew 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 last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in GXO Logistics by 213.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock worth $60,000 after buying an additional 933 shares during the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Stock Up 1.9 %

Shares of NYSE GXO opened at $40.12 on Thursday. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 35.82, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62. GXO Logistics, Inc. has a 52 week low of $34.51 and a 52 week high of $63.33. The firm has a 50-day moving average price of $41.00 and a 200 day moving average price of $48.62. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share (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 research analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GXO shares. Morgan Stanley dropped their price objective on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. UBS Group reduced their price objective on GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Oppenheimer dropped their target price on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Finally, Barclays lowered their price objective 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. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.