Quantbot Technologies LP Acquires New Stake in GXO Logistics, Inc. (NYSE:GXO)

Quantbot Technologies LP bought a new position in GXO Logistics, Inc. (NYSE:GXO) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,117 shares of the company’s stock, valued at approximately $701,000.

Several other hedge funds have also added to or reduced their stakes in GXO. Vaughan Nelson Investment Management L.P. purchased a new position in shares of GXO Logistics in the 4th quarter worth about $47,626,000. River Road Asset Management LLC raised its holdings in GXO Logistics by 53.5% in the fourth quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company’s stock worth $87,355,000 after buying an additional 699,636 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of GXO Logistics in the fourth quarter worth approximately $20,905,000. Life Planning Partners Inc grew its holdings in shares of GXO Logistics by 4,250.0% during the fourth quarter. Life Planning Partners Inc now owns 263,393 shares of the company’s stock valued at $11,458,000 after buying an additional 257,338 shares during the last quarter. Finally, Swedbank AB raised its holdings in GXO Logistics by 13.9% in the 4th quarter. Swedbank AB now owns 2,050,000 shares of the company’s stock worth $89,175,000 after acquiring an additional 250,000 shares during the last quarter. 90.67% of the stock is owned by institutional investors.

GXO Logistics Stock Down 0.9 %

GXO stock opened at $39.93 on Thursday. The business’s 50-day moving average price is $41.49 and its 200-day moving average price is $48.96. The stock has a market cap of $4.77 billion, a P/E ratio of 35.65, a PEG ratio of 1.34 and a beta of 1.62. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. GXO Logistics, Inc. has a twelve month low of $34.51 and a twelve month high of $63.33.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate 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, equities research analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on GXO shares. Oppenheimer cut their target price on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Truist Financial began coverage on GXO Logistics in a research report on Thursday, March 13th. They set a “hold” rating and a $40.00 price objective on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. UBS Group lowered their target price on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Finally, Morgan Stanley reduced their price target on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, GXO Logistics currently has an average rating of “Moderate Buy” and an average price target of $55.60.

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.