GXO Logistics, Inc. $GXO Shares Acquired by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. grew its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 2.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,472,381 shares of the company’s stock after purchasing an additional 28,354 shares during the period. Brown Brothers Harriman & Co. owned about 1.29% of GXO Logistics worth $77,874,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in GXO Logistics by 29.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,867 shares of the company’s stock valued at $1,568,000 after buying an additional 9,134 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of GXO Logistics by 2.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 377,211 shares of the company’s stock worth $14,741,000 after acquiring an additional 8,670 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of GXO Logistics by 4,775.6% in the first quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock worth $78,000 after acquiring an additional 1,958 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of GXO Logistics by 6.5% during the second quarter. Envestnet Asset Management Inc. now owns 63,797 shares of the company’s stock valued at $3,107,000 after acquiring an additional 3,914 shares during the period. Finally, Boston Partners purchased a new stake in shares of GXO Logistics in the 2nd quarter valued at approximately $3,758,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Price Performance

Shares of GXO opened at $52.58 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $6.03 billion, a PE ratio of 175.25, a PEG ratio of 1.78 and a beta of 1.62. The firm’s 50 day moving average price is $58.87 and its 200 day moving average price is $54.60. GXO Logistics, Inc. has a twelve month low of $30.46 and a twelve month high of $66.85.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. The company had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.48 billion. GXO Logistics had a net margin of 0.24% and a return on equity of 9.83%. GXO Logistics’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.00 EPS. As a group, research analysts expect that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on GXO. UBS Group lifted their price objective on shares of GXO Logistics from $63.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. The Goldman Sachs Group lowered GXO Logistics from a “buy” rating to a “neutral” rating and set a $68.00 target price for the company. in a report on Wednesday, March 4th. Truist Financial lifted their price target on GXO Logistics from $65.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Citigroup upped their price target on GXO Logistics from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $75.00 price objective on shares of GXO Logistics in a research note on Tuesday, February 17th. Ten analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, GXO Logistics presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.17.

GXO Logistics Company Profile

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.