First Eagle Investment Management LLC Increases Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

First Eagle Investment Management LLC lifted its stake in GXO Logistics, Inc. (NYSE:GXO) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 334,600 shares of the company’s stock after purchasing an additional 6,100 shares during the quarter. First Eagle Investment Management LLC owned about 0.28% of GXO Logistics worth $14,555,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. lifted its stake in shares of GXO Logistics by 33.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock worth $60,000 after acquiring an additional 290 shares during the last quarter. R Squared Ltd bought a new stake in shares of GXO Logistics during the 4th quarter worth approximately $54,000. Wilmington Savings Fund Society FSB bought a new stake in shares of GXO Logistics during the 3rd quarter worth approximately $71,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of GXO Logistics by 213.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock worth $60,000 after acquiring an additional 933 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of GXO Logistics during the 3rd quarter worth approximately $106,000. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Up 2.9 %

Shares of GXO stock opened at $40.26 on Friday. GXO Logistics, Inc. has a 1-year low of $34.51 and a 1-year high of $63.33. The stock’s fifty day moving average price is $42.08 and its 200 day moving average price is $49.43. 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 cap of $4.81 billion, a price-to-earnings ratio of 35.94, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GXO shares. Loop Capital lowered GXO Logistics from a “buy” rating to a “hold” rating and decreased their target price for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft started coverage on GXO Logistics in a research report on Friday, March 7th. They set a “hold” rating and a $45.00 target price for the company. Barclays decreased their target price on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 target price (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Finally, The Goldman Sachs Group decreased their target price on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Six 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, GXO Logistics currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.60.

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.