GXO Logistics, Inc. (NYSE:GXO) Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC lifted its holdings in GXO Logistics, Inc. (NYSE:GXO) by 55.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,957 shares of the company’s stock after buying an additional 2,482 shares during the quarter. Sterling Capital Management LLC’s holdings in GXO Logistics were worth $303,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GXO. Murphy & Mullick Capital Management Corp purchased a new stake in shares of GXO Logistics during the 4th quarter worth $41,000. Summit Securities Group LLC boosted its holdings in GXO Logistics by 870.9% during the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock worth $44,000 after buying an additional 897 shares in the last quarter. R Squared Ltd acquired a new position in GXO Logistics during the fourth quarter worth about $54,000. Wilmington Savings Fund Society FSB acquired a new position in GXO Logistics during the third quarter worth about $71,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in GXO Logistics by 213.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock valued at $60,000 after buying an additional 933 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GXO. Barclays lowered their price target 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. Deutsche Bank Aktiengesellschaft began coverage on GXO Logistics in a research report on Friday, March 7th. They issued a “hold” rating and a $45.00 price target for the company. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. The Goldman Sachs Group cut their target price on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, UBS Group lowered their price target on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” 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 issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $54.93.

GXO Logistics Stock Up 1.7 %

GXO opened at $33.89 on Monday. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $63.33. The business has a 50-day moving average of $38.02 and a two-hundred day moving average of $46.92. 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 stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates 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, research analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

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.