Swiss National Bank Acquires 1,600 Shares of GXO Logistics, Inc. (NYSE:GXO)

Swiss National Bank increased its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 0.7% during the 4th quarter, HoldingsChannel reports. The firm owned 234,913 shares of the company’s stock after purchasing an additional 1,600 shares during the period. Swiss National Bank’s holdings in GXO Logistics were worth $10,219,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. River Road Asset Management LLC lifted its stake in GXO Logistics by 53.5% in the 4th quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company’s stock valued at $87,355,000 after acquiring an additional 699,636 shares in the last quarter. AlphaQuest LLC lifted its stake in GXO Logistics by 49,725.0% in the 4th quarter. AlphaQuest LLC now owns 3,986 shares of the company’s stock valued at $173,000 after acquiring an additional 3,978 shares in the last quarter. Burren Capital Advisors Ltd bought a new stake in GXO Logistics in the 4th quarter valued at approximately $561,000. Global Alpha Capital Management Ltd. lifted its stake in GXO Logistics by 21.5% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 757,130 shares of the company’s stock valued at $32,935,000 after acquiring an additional 134,230 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its stake in GXO Logistics by 15.8% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 10,667 shares of the company’s stock valued at $464,000 after acquiring an additional 1,453 shares in the last quarter. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Down 0.3 %

GXO stock opened at $40.72 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. The business’s 50 day simple moving average is $41.75 and its 200 day simple moving average is $49.19. GXO Logistics, Inc. has a 1-year low of $34.51 and a 1-year high of $63.33. The firm has a market capitalization of $4.87 billion, a PE ratio of 36.35, a PEG ratio of 1.34 and a beta of 1.62.

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

Wall Street Analyst Weigh In

Several research firms have commented on GXO. Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and cut their target price for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. Morgan Stanley cut their target price on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 price target (down previously from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Barclays lowered their price target on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Finally, Truist Financial assumed coverage on GXO Logistics in a research report on Thursday, March 13th. They set a “hold” rating and a $40.00 price target on the stock. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $55.60.

GXO Logistics Profile

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.