Motley Fool Asset Management LLC Has $8.21 Million Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Motley Fool Asset Management LLC lifted its holdings in GXO Logistics, Inc. (NYSE:GXO) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 161,867 shares of the company’s stock after purchasing an additional 8,658 shares during the quarter. Motley Fool Asset Management LLC owned about 0.14% of GXO Logistics worth $8,208,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. DekaBank Deutsche Girozentrale acquired a new position in GXO Logistics during the 3rd quarter worth approximately $28,000. UMB Bank n.a. boosted its position in GXO Logistics by 111.4% during the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after acquiring an additional 331 shares during the last quarter. Signaturefd LLC boosted its position in GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after acquiring an additional 249 shares during the last quarter. Hara Capital LLC acquired a new position in GXO Logistics during the 3rd quarter worth approximately $50,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in GXO Logistics by 37.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock worth $54,000 after acquiring an additional 282 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GXO. Oppenheimer upped their price target on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Barclays upped their price target on GXO Logistics from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Citigroup initiated coverage on GXO Logistics in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective on the stock. UBS Group upped their price objective on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Susquehanna dropped their price objective on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research note on Thursday, September 26th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, GXO Logistics currently has an average rating of “Moderate Buy” and an average price target of $67.00.

GXO Logistics Stock Down 2.4 %

GXO stock opened at $58.98 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $7.05 billion, a price-to-earnings ratio of 65.53, a PEG ratio of 1.83 and a beta of 1.52. The business’s fifty day moving average price is $58.13 and its two-hundred day moving average price is $53.05. GXO Logistics, Inc. has a fifty-two week low of $46.07 and a fifty-two week high of $63.33.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.01. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The company’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.69 EPS. On average, equities analysts anticipate that GXO Logistics, Inc. will post 2.76 earnings per share for the current year.

GXO Logistics Company 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.