Dynamic Technology Lab Private Ltd Purchases Shares of 18,829 GXO Logistics, Inc. (NYSE:GXO)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of GXO Logistics, Inc. (NYSE:GXO) in the fourth quarter, Holdings Channel.com reports. The firm acquired 18,829 shares of the company’s stock, valued at approximately $819,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in GXO Logistics by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company’s stock worth $492,977,000 after acquiring an additional 212,254 shares during the period. Clearbridge Investments LLC grew its stake in shares of GXO Logistics by 3.8% during the 4th quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company’s stock worth $183,924,000 after purchasing an additional 153,522 shares during the period. State Street Corp increased 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 purchasing an additional 66,232 shares in the last quarter. Swedbank AB lifted its stake in shares of GXO Logistics by 13.9% in the 4th quarter. Swedbank AB now owns 2,050,000 shares of the company’s stock valued at $89,175,000 after purchasing an additional 250,000 shares during the period. Finally, River Road Asset Management LLC boosted its holdings in GXO Logistics by 53.5% during the fourth quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company’s stock worth $87,355,000 after buying an additional 699,636 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. The Goldman Sachs Group decreased their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company reduced their price target on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating for the company in a report on Friday, February 14th. UBS Group dropped their price objective on GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Barclays reduced their target price on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Finally, Truist Financial initiated coverage on shares of GXO Logistics in a research note on Thursday, March 13th. They issued a “hold” rating and a $40.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $56.00.

GXO Logistics Price Performance

Shares of GXO stock opened at $34.23 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. The company has a market capitalization of $4.09 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. The firm’s 50-day moving average is $40.61 and its two-hundred day moving average is $48.37. GXO Logistics, Inc. has a 12 month low of $32.70 and a 12 month high of $63.33.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. Analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

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.