Northwestern Mutual Wealth Management Co. raised its stake in GXO Logistics, Inc. (NYSE:GXO – Free Report) by 3,222,426.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,697,772 shares of the company’s stock after acquiring an additional 11,697,409 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.10% of GXO Logistics worth $593,791,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in shares of GXO Logistics by 3.0% in the third quarter. Dimensional Fund Advisors LP now owns 4,206,334 shares of the company’s stock valued at $222,473,000 after buying an additional 121,486 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of GXO Logistics by 9.0% in the second quarter. Alliancebernstein L.P. now owns 2,736,892 shares of the company’s stock valued at $133,287,000 after buying an additional 225,603 shares in the last quarter. Parsifal Capital Management LP increased its holdings in shares of GXO Logistics by 77.5% in the third quarter. Parsifal Capital Management LP now owns 1,482,957 shares of the company’s stock valued at $78,434,000 after buying an additional 647,457 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of GXO Logistics by 2.0% in the third quarter. Brown Brothers Harriman & Co. now owns 1,472,381 shares of the company’s stock valued at $77,874,000 after buying an additional 28,354 shares in the last quarter. Finally, UBS Group AG raised its stake in GXO Logistics by 25.8% during the 4th quarter. UBS Group AG now owns 1,018,649 shares of the company’s stock valued at $53,622,000 after purchasing an additional 208,748 shares during the period. Institutional investors own 90.67% of the company’s stock.
GXO Logistics Trading Down 3.5%
GXO Logistics stock opened at $48.20 on Friday. The company’s fifty day simple moving average is $53.78 and its 200-day simple moving average is $54.90. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.88. GXO Logistics, Inc. has a 12 month low of $39.33 and a 12 month high of $66.85. The stock has a market cap of $5.54 billion, a P/E ratio of 42.28, a P/E/G ratio of 1.66 and a beta of 1.62.
Analyst Upgrades and Downgrades
GXO has been the topic of several recent analyst reports. Wall Street Zen raised shares of GXO Logistics from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded shares of GXO Logistics from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Truist Financial boosted their target price on shares of GXO Logistics from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Wells Fargo & Company cut their target price on shares of GXO Logistics from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Finally, UBS Group boosted their target price on shares of GXO Logistics from $63.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.83.
Check Out Our Latest Report on GXO
GXO Logistics Company Profile
GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.
The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.
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