Xponance Inc. Purchases 307 Shares of GXO Logistics, Inc. (NYSE:GXO)

Xponance Inc. boosted its position in GXO Logistics, Inc. (NYSE:GXO) by 2.2% during the fourth quarter, HoldingsChannel reports. The fund owned 14,500 shares of the company’s stock after buying an additional 307 shares during the quarter. Xponance Inc.’s holdings in GXO Logistics were worth $887,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Clearbridge Investments LLC raised its stake in GXO Logistics by 0.4% in the 3rd quarter. Clearbridge Investments LLC now owns 2,865,806 shares of the company’s stock valued at $168,080,000 after acquiring an additional 10,830 shares during the period. FMR LLC raised its stake in GXO Logistics by 0.4% in the 3rd quarter. FMR LLC now owns 2,173,881 shares of the company’s stock valued at $127,498,000 after acquiring an additional 8,668 shares during the period. Invesco Ltd. raised its stake in GXO Logistics by 22.6% in the 3rd quarter. Invesco Ltd. now owns 1,466,267 shares of the company’s stock valued at $85,997,000 after acquiring an additional 270,524 shares during the period. Fort Pitt Capital Group LLC increased its position in shares of GXO Logistics by 0.3% during the third quarter. Fort Pitt Capital Group LLC now owns 1,149,398 shares of the company’s stock valued at $67,412,000 after buying an additional 3,868 shares during the period. Finally, Federated Hermes Inc. increased its position in shares of GXO Logistics by 3.0% during the fourth quarter. Federated Hermes Inc. now owns 1,126,959 shares of the company’s stock valued at $68,925,000 after buying an additional 33,320 shares during the period. 90.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GXO. BNP Paribas upgraded GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price target on the stock in a research report on Wednesday, March 27th. TD Cowen upped their price target on GXO Logistics from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday. Citigroup decreased their price target on GXO Logistics from $66.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Stifel Nicolaus upped their price objective on shares of GXO Logistics from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Finally, Susquehanna upped their price objective on shares of GXO Logistics from $73.00 to $75.00 and gave the stock a “positive” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.69.

Insiders Place Their Bets

In other GXO Logistics news, Director Gena L. Ashe sold 4,737 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $50.00, for a total value of $236,850.00. Following the completion of the sale, the director now owns 20,851 shares of the company’s stock, valued at $1,042,550. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by insiders.

GXO Logistics Stock Up 2.9 %

Shares of GXO opened at $50.52 on Friday. The firm has a market cap of $6.03 billion, a P/E ratio of 26.45, a P/E/G ratio of 2.11 and a beta of 1.64. The stock has a 50 day simple moving average of $51.07 and a two-hundred day simple moving average of $54.57. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.98 and a quick ratio of 0.98. GXO Logistics, Inc. has a 1 year low of $48.11 and a 1 year high of $67.57.

GXO Logistics (NYSE:GXO) last issued its earnings results on Tuesday, February 13th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. GXO Logistics had a return on equity of 10.94% and a net margin of 2.34%. GXO Logistics’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 earnings per share. On average, analysts forecast that GXO Logistics, Inc. will post 2.78 earnings per share for the current fiscal year.

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.