National Bank of Canada FI Buys 8,468 Shares of GXO Logistics, Inc. (NYSE:GXO)

National Bank of Canada FI boosted its position in GXO Logistics, Inc. (NYSE:GXO) by 4.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,883 shares of the company’s stock after buying an additional 8,468 shares during the period. National Bank of Canada FI’s holdings in GXO Logistics were worth $8,042,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new stake in shares of GXO Logistics during the fourth quarter valued at approximately $41,000. Summit Securities Group LLC increased its stake in GXO Logistics by 870.9% during the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock valued at $44,000 after purchasing an additional 897 shares in the last quarter. R Squared Ltd bought a new stake in GXO Logistics during the 4th quarter valued at $54,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of GXO Logistics by 33.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock valued at $60,000 after buying an additional 290 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of GXO Logistics by 213.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock valued at $60,000 after buying an additional 933 shares in the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Price Performance

GXO opened at $34.23 on Friday. GXO Logistics, Inc. has a fifty-two week low of $32.70 and a fifty-two week high of $63.33. The firm has a 50-day moving average of $40.61 and a 200 day moving average of $48.40. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. The firm has a market cap of $4.09 billion, a P/E ratio of 30.57, a PEG ratio of 1.34 and a beta of 1.56.

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

Analyst Ratings Changes

GXO has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their target price on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Loop Capital downgraded GXO Logistics from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $71.00 to $49.00 in a research note on Monday, February 3rd. Wells Fargo & Company cut their target price on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Oppenheimer decreased their price target on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, GXO Logistics has a consensus rating of “Moderate Buy” and an average target price of $56.00.

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.