Reinhart Partners LLC. Purchases 125,886 Shares of GXO Logistics, Inc. (NYSE:GXO)

Reinhart Partners LLC. boosted its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 21.0% in the 1st quarter, HoldingsChannel reports. The firm owned 726,022 shares of the company’s stock after buying an additional 125,886 shares during the period. Reinhart Partners LLC.’s holdings in GXO Logistics were worth $28,373,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GXO. Kovitz Investment Group Partners LLC lifted its holdings in GXO Logistics by 28,112.6% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company’s stock valued at $114,036,000 after purchasing an additional 2,612,223 shares during the last quarter. Norges Bank bought a new position in GXO Logistics during the 4th quarter valued at about $55,266,000. Spruce House Investment Management LLC lifted its holdings in GXO Logistics by 133.3% during the 4th quarter. Spruce House Investment Management LLC now owns 2,100,000 shares of the company’s stock valued at $91,350,000 after purchasing an additional 1,200,000 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in GXO Logistics during the 4th quarter valued at about $47,626,000. Finally, Alyeska Investment Group L.P. bought a new position in shares of GXO Logistics in the fourth quarter worth about $46,523,000. 90.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GXO has been the subject of a number of research analyst reports. Citigroup dropped their target price on shares of GXO Logistics from $51.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company dropped their target price on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Morgan Stanley dropped their target price on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 target price (down from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. Finally, Truist Financial dropped 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. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.57.

GXO Logistics Stock Up 0.7%

Shares of NYSE:GXO opened at $42.23 on Friday. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $63.33. The company has a 50 day moving average of $37.75 and a 200-day moving average of $42.25. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 37.70, a P/E/G ratio of 1.34 and a beta of 1.59.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.26 by $0.03. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. The company had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the company earned $0.45 EPS. GXO Logistics’s revenue was up 21.2% on a year-over-year basis. On average, sell-side analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share 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.