Jones Financial Companies Lllp Raises Position in GXO Logistics, Inc. (NYSE:GXO)

Jones Financial Companies Lllp grew its position in GXO Logistics, Inc. (NYSE:GXO) by 49.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,959 shares of the company’s stock after purchasing an additional 983 shares during the quarter. Jones Financial Companies Lllp’s holdings in GXO Logistics were worth $129,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of GXO. KBC Group NV raised its holdings in GXO Logistics by 18.6% in the third quarter. KBC Group NV now owns 3,665 shares of the company’s stock worth $191,000 after buying an additional 576 shares during the last quarter. Impax Asset Management Group plc raised its holdings in shares of GXO Logistics by 34.9% during the third quarter. Impax Asset Management Group plc now owns 25,652 shares of the company’s stock valued at $1,336,000 after purchasing an additional 6,630 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of GXO Logistics by 15.0% during the third quarter. Natixis Advisors LLC now owns 17,591 shares of the company’s stock valued at $916,000 after purchasing an additional 2,288 shares during the last quarter. Mount Lucas Management LP raised its holdings in shares of GXO Logistics by 2.4% during the third quarter. Mount Lucas Management LP now owns 7,327 shares of the company’s stock valued at $382,000 after purchasing an additional 173 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. purchased a new position in shares of GXO Logistics during the third quarter valued at approximately $32,434,000. 90.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GXO has been the subject of several research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GXO Logistics in a report on Friday, March 7th. They set a “hold” rating and a $45.00 price objective for the company. Barclays decreased their price objective on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Wells Fargo & Company decreased their price objective on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating for the company in a report on Friday, February 14th. The Goldman Sachs Group decreased their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Loop Capital cut shares of GXO Logistics from a “buy” rating to a “hold” rating and decreased their price objective for the company from $71.00 to $49.00 in a report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, GXO Logistics presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.60.

GXO Logistics Stock Performance

GXO opened at $40.26 on Friday. The firm has a market cap of $4.81 billion, a P/E ratio of 35.94, a PEG ratio of 1.34 and a beta of 1.62. GXO Logistics, Inc. has a 1-year low of $34.51 and a 1-year high of $63.33. The company has a 50 day simple moving average of $42.08 and a two-hundred day simple moving average of $49.43. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86.

GXO Logistics (NYSE:GXO) last posted 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 net margin of 1.14% and a return on equity of 11.16%. Equities analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share 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.