LPL Financial LLC Buys 21,824 Shares of GXO Logistics, Inc. (NYSE:GXO)

LPL Financial LLC lifted its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 59.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 58,454 shares of the company’s stock after purchasing an additional 21,824 shares during the quarter. LPL Financial LLC’s holdings in GXO Logistics were worth $2,551,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GXO. Arizona State Retirement System raised its position in GXO Logistics by 0.8% during the fourth quarter. Arizona State Retirement System now owns 34,671 shares of the company’s stock valued at $1,508,000 after purchasing an additional 281 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in 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 purchasing an additional 290 shares in the last quarter. Pacer Advisors Inc. lifted its stake in GXO Logistics by 1.1% in the 4th quarter. Pacer Advisors Inc. now owns 30,815 shares of the company’s stock valued at $1,340,000 after purchasing an additional 338 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in GXO Logistics by 33.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company’s stock valued at $60,000 after buying an additional 348 shares in the last quarter. Finally, Stablepoint Partners LLC boosted its position in GXO Logistics by 4.2% in the fourth quarter. Stablepoint Partners LLC now owns 15,916 shares of the company’s stock valued at $692,000 after buying an additional 637 shares in the last quarter. 90.67% of the stock is owned by institutional investors.

GXO Logistics Stock Performance

GXO opened at $34.34 on Monday. 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 company’s fifty day moving average price is $38.98 and its two-hundred day moving average price is $47.52. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 1.34 and a beta of 1.56. GXO Logistics, Inc. has a 1-year low of $30.46 and a 1-year high of $63.33.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 EPS 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, analysts expect that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Analysts Set New Price Targets

GXO has been the topic of a number of recent research reports. Oppenheimer cut their price target 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 initiated coverage on GXO Logistics in a research report on Thursday, March 13th. They issued a “hold” rating and a $40.00 price target on the stock. Barclays reduced their target price on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. UBS Group lowered their target price on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Finally, Wells Fargo & Company cut their price target on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $54.93.

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.