Foresight Group Ltd Liability Partnership lessened its holdings in GXO Logistics, Inc. (NYSE:GXO – Free Report) by 5.1% during the 4th quarter, HoldingsChannel reports. The firm owned 18,703 shares of the company’s stock after selling 1,007 shares during the period. GXO Logistics accounts for approximately 0.5% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 27th largest position. Foresight Group Ltd Liability Partnership’s holdings in GXO Logistics were worth $806,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the business. Oppenheimer Asset Management Inc. raised its position in shares of GXO Logistics by 20.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,124 shares of the company’s stock valued at $259,000 after buying an additional 880 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in GXO Logistics by 11.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,398,933 shares of the company’s stock worth $121,140,000 after acquiring an additional 240,766 shares during the last quarter. Primecap Management Co. CA raised its position in GXO Logistics by 7.1% during the second quarter. Primecap Management Co. CA now owns 227,400 shares of the company’s stock valued at $11,484,000 after purchasing an additional 15,000 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of GXO Logistics by 43.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,156 shares of the company’s stock valued at $765,000 after purchasing an additional 4,618 shares during the last quarter. Finally, Waterloo Capital L.P. boosted its holdings in shares of GXO Logistics by 10.3% in the 2nd quarter. Waterloo Capital L.P. now owns 21,353 shares of the company’s stock worth $1,078,000 after purchasing an additional 2,001 shares during the period. Institutional investors own 90.67% of the company’s stock.
GXO Logistics Stock Down 1.3 %
Shares of GXO Logistics stock opened at $44.32 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 49.24, a PEG ratio of 1.10 and a beta of 1.60. The firm’s 50-day moving average is $50.53 and its two-hundred day moving average is $52.07. GXO Logistics, Inc. has a 1 year low of $41.38 and a 1 year high of $63.33.
Analyst Ratings Changes
GXO has been the topic of several recent research reports. Susquehanna decreased their price target on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a report on Thursday, September 26th. Citigroup began coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They issued a “buy” rating and a $60.00 target price on the stock. The Goldman Sachs Group dropped their price target on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday. Oppenheimer increased their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, UBS Group boosted their target price on GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.38.
Get Our Latest Research Report on GXO Logistics
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.
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