Townsquare Capital LLC Has $409,000 Stake in GXO Logistics, Inc. (NYSE:GXO)

Townsquare Capital LLC cut its position in GXO Logistics, Inc. (NYSE:GXO) by 9.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,397 shares of the company’s stock after selling 972 shares during the quarter. Townsquare Capital LLC’s holdings in GXO Logistics were worth $409,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in GXO Logistics by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company’s stock valued at $492,977,000 after acquiring an additional 212,254 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of GXO Logistics by 3.8% during the 4th quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company’s stock worth $183,924,000 after buying an additional 153,522 shares in the last quarter. Swedbank AB lifted its position in shares of GXO Logistics by 13.9% during the 4th quarter. Swedbank AB now owns 2,050,000 shares of the company’s stock worth $89,175,000 after buying an additional 250,000 shares during the last quarter. River Road Asset Management LLC boosted its stake 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 valued at $87,355,000 after buying an additional 699,636 shares in the last quarter. Finally, Norges Bank bought a new position in GXO Logistics in the fourth quarter valued at about $55,266,000. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Trading Up 1.7 %

GXO opened at $33.89 on Monday. GXO Logistics, Inc. has a twelve month low of $30.46 and a twelve month high of $63.33. The company has a fifty day moving average of $38.02 and a 200-day moving average of $46.92. The stock has a market cap of $4.05 billion, a PE ratio of 30.25, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. 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 (NYSE:GXO) last issued 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 return on equity of 11.16% and a net margin of 1.14%. On average, sell-side analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. UBS Group reduced 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 note on Friday, February 14th. Citigroup decreased their target price on shares of GXO Logistics from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company dropped their price target on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. The Goldman Sachs Group cut their price objective on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and lowered their target price for the stock from $71.00 to $49.00 in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, GXO Logistics currently has a consensus rating of “Moderate Buy” and a consensus target price 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.