Motley Fool Wealth Management LLC Has $11.26 Million Stock Position in GXO Logistics, Inc. (NYSE:GXO)

Motley Fool Wealth Management LLC lifted its stake in GXO Logistics, Inc. (NYSE:GXO) by 59.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 184,398 shares of the company’s stock after acquiring an additional 68,989 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in GXO Logistics were worth $11,258,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GXO. Handelsbanken Fonder AB increased its position in shares of GXO Logistics by 3,033.0% in the fourth quarter. Handelsbanken Fonder AB now owns 570,200 shares of the company’s stock valued at $34,873,000 after acquiring an additional 552,000 shares during the last quarter. Payden & Rygel Investment Group bought a new stake in GXO Logistics during the third quarter worth $18,272,000. Victory Capital Management Inc. lifted its stake in GXO Logistics by 136.5% during the third quarter. Victory Capital Management Inc. now owns 469,391 shares of the company’s stock worth $27,530,000 after purchasing an additional 270,952 shares during the last quarter. Invesco Ltd. lifted its stake in GXO Logistics by 22.6% during the third quarter. Invesco Ltd. now owns 1,466,267 shares of the company’s stock worth $85,997,000 after purchasing an additional 270,524 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its stake in GXO Logistics by 31.5% during the third quarter. Lord Abbett & CO. LLC now owns 526,000 shares of the company’s stock worth $30,850,000 after purchasing an additional 126,000 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Loop Capital cut their target price on GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Susquehanna upped their target price on GXO Logistics from $73.00 to $75.00 and gave the stock a “positive” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. cut their target price 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. Citigroup cut their target price on GXO Logistics from $66.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. Finally, BNP Paribas upgraded GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 target price for the company in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.69.

GXO Logistics Trading Down 0.1 %

GXO Logistics stock traded down $0.03 during trading hours on Friday, reaching $50.51. 605,695 shares of the company’s stock were exchanged, compared to its average volume of 800,425. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.55. The firm’s 50 day simple moving average is $50.97 and its 200 day simple moving average is $54.52. GXO Logistics, Inc. has a twelve month low of $48.11 and a twelve month high of $67.57. The firm has a market capitalization of $6.03 billion, a PE ratio of 26.45, a PEG ratio of 2.12 and a beta of 1.64.

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

Insider Transactions at GXO Logistics

In other news, Director Gena L. Ashe sold 4,737 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $50.00, for a total transaction of $236,850.00. Following the transaction, the director now owns 20,851 shares of the company’s stock, valued at approximately $1,042,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

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.