GXO Logistics, Inc. (NYSE:GXO) Stake Boosted by Axa S.A.

Axa S.A. boosted its holdings in GXO Logistics, Inc. (NYSE:GXO) by 20.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,294,468 shares of the company’s stock after purchasing an additional 223,445 shares during the quarter. Axa S.A. owned approximately 1.08% of GXO Logistics worth $56,309,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp acquired a new position in shares of GXO Logistics in the 4th quarter valued at about $41,000. Summit Securities Group LLC boosted its stake in GXO Logistics by 870.9% in the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock valued at $44,000 after acquiring an additional 897 shares during the period. R Squared Ltd acquired a new position in GXO Logistics in the fourth quarter valued at approximately $54,000. Quarry LP grew its holdings in shares of GXO Logistics by 1,334.9% during the fourth quarter. Quarry LP now owns 1,234 shares of the company’s stock valued at $54,000 after purchasing an additional 1,148 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of GXO Logistics by 213.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock worth $60,000 after purchasing an additional 933 shares during the period. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Trading Up 3.7 %

Shares of GXO stock opened at $37.52 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The stock has a 50-day simple moving average of $37.16 and a 200 day simple moving average of $45.56. GXO Logistics, Inc. has a fifty-two week low of $30.46 and a fifty-two week high of $63.33. The stock has a market capitalization of $4.39 billion, a P/E ratio of 33.50, a P/E/G ratio of 1.34 and a beta of 1.56.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. On average, sell-side analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group lowered their price objective 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. Oppenheimer dropped their price objective on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Truist Financial reduced their target price on shares of GXO Logistics from $40.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. The Goldman Sachs Group dropped their price target on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.57.

GXO Logistics Company 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.