Foresight Group Ltd Liability Partnership Sells 1,007 Shares of GXO Logistics, Inc. (NYSE:GXO)

Foresight Group Ltd Liability Partnership trimmed its position in GXO Logistics, Inc. (NYSE:GXO) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,703 shares of the company’s stock after selling 1,007 shares during the period. GXO Logistics accounts for 0.5% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 27th biggest position. Foresight Group Ltd Liability Partnership’s holdings in GXO Logistics were worth $806,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GXO. Eminence Capital LP bought a new position in GXO Logistics in the 2nd quarter worth about $79,698,000. Spruce House Investment Management LLC grew its holdings in shares of GXO Logistics by 827.8% during the second quarter. Spruce House Investment Management LLC now owns 900,000 shares of the company’s stock valued at $45,450,000 after buying an additional 803,000 shares during the last quarter. Global Alpha Capital Management Ltd. bought a new stake in shares of GXO Logistics during the third quarter valued at approximately $32,434,000. Brown Brothers Harriman & Co. lifted its position in GXO Logistics by 105.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 968,267 shares of the company’s stock valued at $50,418,000 after acquiring an additional 495,829 shares in the last quarter. Finally, River Road Asset Management LLC boosted its stake in GXO Logistics by 40.4% during the 3rd quarter. River Road Asset Management LLC now owns 1,308,532 shares of the company’s stock valued at $68,135,000 after purchasing an additional 376,704 shares during the last quarter. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Price Performance

Shares of GXO Logistics stock opened at $44.32 on Friday. The company has a market capitalization 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 company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. The stock’s 50-day simple moving average is $50.53 and its 200-day simple moving average is $52.07. GXO Logistics, Inc. has a 52 week low of $41.38 and a 52 week high of $63.33.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the previous year, the firm earned $0.69 EPS. The firm’s revenue was up 27.8% compared to the same quarter last year. As a group, analysts expect that GXO Logistics, Inc. will post 2.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GXO shares. Citigroup began coverage on shares of GXO Logistics in a report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 target price on the stock. Susquehanna dropped their price target on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research note on Thursday, September 26th. The Goldman Sachs Group reduced their price objective on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday. TD Cowen raised their target price on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, UBS Group upped their price target on shares of GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, GXO Logistics has an average rating of “Moderate Buy” and an average target price of $65.38.

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.