Thurston Springer Miller Herd & Titak Inc. Has $60,000 Stock Position in GXO Logistics, Inc. (NYSE:GXO)

Thurston Springer Miller Herd & Titak Inc. boosted its position in GXO Logistics, Inc. (NYSE:GXO) by 213.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,370 shares of the company’s stock after buying an additional 933 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in GXO Logistics were worth $60,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Eminence Capital LP bought a new stake in GXO Logistics during the second quarter valued at about $79,698,000. Spruce House Investment Management LLC lifted its position in shares of GXO Logistics by 827.8% during the 2nd quarter. Spruce House Investment Management LLC now owns 900,000 shares of the company’s stock worth $45,450,000 after purchasing an additional 803,000 shares during the last quarter. Global Alpha Capital Management Ltd. bought a new stake in GXO Logistics during the 3rd quarter valued at approximately $32,434,000. Brown Brothers Harriman & Co. grew its holdings in GXO Logistics by 105.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 968,267 shares of the company’s stock valued at $50,418,000 after buying an additional 495,829 shares during the last quarter. Finally, River Road Asset Management LLC increased its position in GXO Logistics by 40.4% in the 3rd quarter. River Road Asset Management LLC now owns 1,308,532 shares of the company’s stock worth $68,135,000 after buying an additional 376,704 shares during the period. Institutional investors own 90.67% of the company’s stock.

Analyst Upgrades and Downgrades

GXO has been the subject of several research reports. Barclays reduced their price objective on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. UBS Group increased their price target on shares of GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Susquehanna dropped their price objective on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a report on Thursday, September 26th. Oppenheimer increased their target price on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, TD Cowen boosted their price target on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.38.

GXO Logistics Price Performance

GXO Logistics stock opened at $43.98 on Friday. The business has a 50 day simple moving average of $50.21 and a 200 day simple moving average of $52.03. GXO Logistics, Inc. has a one year low of $41.38 and a one year high of $63.33. The company has a market capitalization of $5.25 billion, a PE ratio of 48.86, a price-to-earnings-growth ratio of 1.10 and a beta of 1.60. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86.

GXO Logistics (NYSE:GXO) last issued its earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 EPS. On average, sell-side analysts forecast that GXO Logistics, Inc. will post 2.74 EPS for the current fiscal 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.