Quantinno Capital Management LP Boosts Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Quantinno Capital Management LP boosted its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 32.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,901 shares of the company’s stock after buying an additional 1,704 shares during the period. Quantinno Capital Management LP’s holdings in GXO Logistics were worth $300,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in GXO Logistics by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company’s stock worth $492,977,000 after buying an additional 212,254 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of GXO Logistics by 3.8% in the fourth quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company’s stock valued at $183,924,000 after purchasing an additional 153,522 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of GXO Logistics by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,798,170 shares of the company’s stock valued at $121,718,000 after purchasing an additional 50,682 shares in the last quarter. Kovitz Investment Group Partners LLC grew its position in shares of GXO Logistics by 28,112.6% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company’s stock valued at $114,036,000 after purchasing an additional 2,612,223 shares in the last quarter. Finally, Swedbank AB grew its position in shares of GXO Logistics by 13.9% in the fourth quarter. Swedbank AB now owns 2,050,000 shares of the company’s stock valued at $89,175,000 after purchasing an additional 250,000 shares in the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed 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. Barclays dropped their price target on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Morgan Stanley lowered their price objective on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and cut their target price for the stock from $71.00 to $49.00 in a research note on Monday, February 3rd. Finally, UBS Group cut their target price on GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.57.

GXO Logistics Trading Down 2.0%

GXO opened at $39.64 on Tuesday. GXO Logistics, Inc. has a 52 week low of $30.46 and a 52 week high of $63.33. The business has a fifty day simple moving average of $37.48 and a 200-day simple moving average of $43.14. The firm has a market cap of $4.53 billion, a P/E ratio of 35.39, a P/E/G 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 released its earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.94 billion. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. GXO Logistics’s revenue was up 21.2% compared to the same quarter last year. During the same period last year, the business posted $0.45 earnings per share. On average, equities analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current 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.