GXO Logistics, Inc. (NYSE:GXO) Position Increased by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC lifted its position in GXO Logistics, Inc. (NYSE:GXO) by 6.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 480,553 shares of the company’s stock after buying an additional 31,015 shares during the quarter. Douglas Lane & Associates LLC’s holdings in GXO Logistics were worth $20,904,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new position in GXO Logistics in the 3rd quarter worth approximately $28,000. UMB Bank n.a. lifted its holdings in shares of GXO Logistics by 111.4% in the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock valued at $33,000 after purchasing an additional 331 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of GXO Logistics by 37.2% in the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after purchasing an additional 249 shares in the last quarter. Hara Capital LLC acquired a new stake in shares of GXO Logistics in the third quarter worth $50,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of GXO Logistics by 37.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock valued at $54,000 after buying an additional 282 shares in the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on GXO. Citigroup assumed coverage on GXO Logistics in a research report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective for the company. Oppenheimer raised their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Barclays dropped their price objective on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. Susquehanna decreased their target price on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research note on Thursday, September 26th. Finally, TD Cowen upped their price target on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.33.

GXO Logistics Stock Down 2.8 %

Shares of NYSE:GXO traded down $1.29 on Wednesday, reaching $44.25. The company had a trading volume of 675,522 shares, compared to its average volume of 1,099,337. The stock has a market capitalization of $5.29 billion, a P/E ratio of 49.17, a P/E/G ratio of 1.47 and a beta of 1.60. The stock has a 50-day moving average price of $52.74 and a 200 day moving average price of $52.37. GXO Logistics, Inc. has a twelve month low of $41.38 and a twelve month high of $63.33. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO) last posted its earnings results on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.01. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the company earned $0.69 EPS. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. On average, equities analysts expect that GXO Logistics, Inc. will post 2.76 EPS 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.