Motley Fool Asset Management LLC lifted its position in shares of GXO Logistics, Inc. (NYSE:GXO – Free Report) by 16.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,946 shares of the company’s stock after acquiring an additional 25,247 shares during the quarter. Motley Fool Asset Management LLC’s holdings in GXO Logistics were worth $9,420,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Fox Run Management L.L.C. purchased a new stake in shares of GXO Logistics during the 4th quarter worth approximately $485,000. TIAA Trust National Association boosted its stake in shares of GXO Logistics by 7.8% during the 4th quarter. TIAA Trust National Association now owns 5,073 shares of the company’s stock worth $267,000 after acquiring an additional 369 shares in the last quarter. LPL Financial LLC boosted its stake in shares of GXO Logistics by 7.3% during the 4th quarter. LPL Financial LLC now owns 75,777 shares of the company’s stock worth $3,989,000 after acquiring an additional 5,135 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of GXO Logistics by 29.0% during the 4th quarter. Franklin Resources Inc. now owns 8,051 shares of the company’s stock worth $424,000 after acquiring an additional 1,809 shares in the last quarter. Finally, Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its stake in shares of GXO Logistics by 14.0% during the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 17,100 shares of the company’s stock worth $900,000 after acquiring an additional 2,100 shares in the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.
GXO Logistics Trading Up 2.2%
Shares of GXO Logistics stock opened at $50.19 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.85 and a quick ratio of 0.85. GXO Logistics, Inc. has a 1 year low of $42.49 and a 1 year high of $66.85. The company has a market capitalization of $5.77 billion, a P/E ratio of 44.03, a P/E/G ratio of 1.63 and a beta of 1.56. The business has a 50 day moving average price of $52.27 and a 200 day moving average price of $54.52.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on GXO. Wells Fargo & Company decreased their price target on GXO Logistics from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Wall Street Zen upgraded GXO Logistics from a “hold” rating to a “buy” rating in a research report on Sunday, May 31st. Truist Financial lifted their price objective on GXO Logistics from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Morgan Stanley restated an “overweight” rating and set a $75.00 price objective on shares of GXO Logistics in a research report on Tuesday, February 17th. Finally, Citigroup lifted their price objective on GXO Logistics from $66.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Eleven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.92.
Get Our Latest Stock 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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