Motley Fool Wealth Management LLC Has $7.76 Million Position in GXO Logistics, Inc. (NYSE:GXO)

Motley Fool Wealth Management LLC cut its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 178,469 shares of the company’s stock after selling 11,006 shares during the period. Motley Fool Wealth Management LLC owned 0.15% of GXO Logistics worth $7,758,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Arizona State Retirement System raised its stake in GXO Logistics by 0.8% in the 4th quarter. Arizona State Retirement System now owns 34,671 shares of the company’s stock worth $1,508,000 after purchasing an additional 281 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of GXO Logistics by 33.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock valued at $60,000 after buying an additional 290 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of GXO Logistics by 1.1% in the fourth quarter. Pacer Advisors Inc. now owns 30,815 shares of the company’s stock valued at $1,340,000 after buying an additional 338 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in GXO Logistics by 33.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company’s stock worth $60,000 after buying an additional 348 shares in the last quarter. Finally, Stablepoint Partners LLC increased its stake in GXO Logistics by 4.2% during the 4th quarter. Stablepoint Partners LLC now owns 15,916 shares of the company’s stock worth $692,000 after acquiring an additional 637 shares during the period. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on GXO. UBS Group reduced their target price on GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Oppenheimer decreased their target price 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. 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 report on Friday, February 14th. Truist Financial began coverage on shares of GXO Logistics in a research report on Thursday, March 13th. They set a “hold” rating and a $40.00 price target on the stock. Finally, Loop Capital downgraded shares of GXO Logistics from a “buy” rating to a “hold” rating and lowered their price objective for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, GXO Logistics presently has an average rating of “Moderate Buy” and an average target price of $55.60.

GXO Logistics Price Performance

GXO Logistics stock opened at $40.26 on Wednesday. The stock has a 50-day moving average price of $41.59 and a two-hundred day moving average price of $49.02. GXO Logistics, Inc. has a 12 month low of $34.51 and a 12 month high of $63.33. The company has a market capitalization of $4.81 billion, a PE ratio of 35.95, a P/E/G ratio of 1.34 and a beta of 1.62. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating 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%. Analysts expect that GXO Logistics, Inc. will post 2.49 EPS for the current 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.