Geode Capital Management LLC Has $106.99 Million Stake in GXO Logistics, Inc. $GXO

Geode Capital Management LLC increased its position in GXO Logistics, Inc. (NYSE:GXO) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,032,068 shares of the company’s stock after buying an additional 21,933 shares during the period. Geode Capital Management LLC’s holdings in GXO Logistics were worth $106,991,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GXO. Northwestern Mutual Wealth Management Co. boosted its position in GXO Logistics by 3,222,426.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,697,772 shares of the company’s stock worth $593,791,000 after purchasing an additional 11,697,409 shares during the period. Dimensional Fund Advisors LP boosted its position in GXO Logistics by 3.0% during the third quarter. Dimensional Fund Advisors LP now owns 4,206,334 shares of the company’s stock worth $222,473,000 after purchasing an additional 121,486 shares during the period. Alliancebernstein L.P. boosted its position in GXO Logistics by 9.0% during the second quarter. Alliancebernstein L.P. now owns 2,736,892 shares of the company’s stock worth $133,287,000 after purchasing an additional 225,603 shares during the period. Parsifal Capital Management LP boosted its position in GXO Logistics by 77.5% during the third quarter. Parsifal Capital Management LP now owns 1,482,957 shares of the company’s stock worth $78,434,000 after purchasing an additional 647,457 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in GXO Logistics by 2.0% during the third quarter. Brown Brothers Harriman & Co. now owns 1,472,381 shares of the company’s stock worth $77,874,000 after purchasing an additional 28,354 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Stock Performance

Shares of NYSE:GXO opened at $48.68 on Friday. GXO Logistics, Inc. has a twelve month low of $42.09 and a twelve month high of $66.85. The firm has a market cap of $5.60 billion, a PE ratio of 42.71, a price-to-earnings-growth ratio of 1.65 and a beta of 1.56. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.85 and a current ratio of 0.85. The business has a fifty day moving average of $52.31 and a 200-day moving average of $54.44.

GXO Logistics (NYSE:GXO) last announced its earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. GXO Logistics had a return on equity of 10.55% and a net margin of 0.98%.The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.22 billion. During the same period last year, the company posted $0.29 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. On average, equities research analysts predict that GXO Logistics, Inc. will post 3.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Oppenheimer reissued an “outperform” rating and issued a $70.00 price objective on shares of GXO Logistics in a research report on Thursday, February 12th. Truist Financial increased their price objective on GXO Logistics from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Wall Street Zen raised GXO Logistics from a “hold” rating to a “buy” rating in a research report on Sunday, May 31st. UBS Group raised their target price on GXO Logistics from $63.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Finally, Wells Fargo & Company reduced their target price on GXO Logistics from $70.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, GXO Logistics presently has an average rating of “Moderate Buy” and an average price target of $69.92.

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.