Illinois Municipal Retirement Fund Buys 32,433 Shares of GXO Logistics, Inc. (NYSE:GXO)

Illinois Municipal Retirement Fund increased its stake in GXO Logistics, Inc. (NYSE:GXO) by 152.9% during the 4th quarter, HoldingsChannel reports. The firm owned 53,648 shares of the company’s stock after buying an additional 32,433 shares during the period. Illinois Municipal Retirement Fund’s holdings in GXO Logistics were worth $2,334,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GXO. State Street Corp lifted its holdings in shares of GXO Logistics by 1.9% during the 3rd quarter. State Street Corp now owns 3,631,328 shares of the company’s stock valued at $189,083,000 after buying an additional 66,232 shares during the period. Fort Pitt Capital Group LLC lifted its holdings in GXO Logistics by 2.1% in the third quarter. Fort Pitt Capital Group LLC now owns 2,467,814 shares of the company’s stock valued at $128,499,000 after acquiring an additional 51,208 shares during the period. Swedbank AB boosted its position in GXO Logistics by 13.9% in the fourth quarter. Swedbank AB now owns 2,050,000 shares of the company’s stock worth $89,175,000 after purchasing an additional 250,000 shares during the last quarter. Geode Capital Management LLC boosted its position in GXO Logistics by 1.5% in the third quarter. Geode Capital Management LLC now owns 1,982,920 shares of the company’s stock worth $103,279,000 after purchasing an additional 29,992 shares during the last quarter. Finally, River Road Asset Management LLC grew its stake in shares of 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 period. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Price Performance

NYSE:GXO opened at $39.76 on Friday. The stock has a market cap of $4.75 billion, a PE ratio of 35.50, a P/E/G ratio of 1.34 and a beta of 1.60. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The business’s 50-day simple moving average is $43.07 and its two-hundred day simple moving average is $50.19. GXO Logistics, Inc. has a 52 week low of $34.51 and a 52 week high of $63.33.

GXO Logistics (NYSE:GXO) last issued its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GXO has been the topic of several recent research reports. Oppenheimer lowered their price objective on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Loop Capital cut shares of GXO Logistics from a “buy” rating to a “hold” rating and dropped their price target for the stock from $71.00 to $49.00 in a research note on Monday, February 3rd. Stifel Nicolaus reissued a “buy” rating and set a $66.00 price objective (down previously from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. The Goldman Sachs Group decreased their target price on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, UBS Group cut their price target on GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.62.

GXO Logistics 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.