1,094,860 Shares in GXO Logistics, Inc. (NYSE:GXO) Purchased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. bought a new stake in GXO Logistics, Inc. (NYSE:GXO) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,094,860 shares of the company’s stock, valued at approximately $47,626,000.

Several other institutional investors also recently made changes to their positions in GXO. Mount Lucas Management LP lifted its holdings in shares of GXO Logistics by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 7,327 shares of the company’s stock worth $382,000 after purchasing an additional 173 shares during the last quarter. Mathes Company Inc. lifted its stake in GXO Logistics by 0.7% in the third quarter. Mathes Company Inc. now owns 25,475 shares of the company’s stock valued at $1,326,000 after buying an additional 175 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of GXO Logistics by 7.7% during the third quarter. Nisa Investment Advisors LLC now owns 3,064 shares of the company’s stock valued at $160,000 after acquiring an additional 220 shares during the period. CWM LLC grew its position in shares of GXO Logistics by 13.8% during the third quarter. CWM LLC now owns 1,961 shares of the company’s stock worth $102,000 after acquiring an additional 238 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of GXO Logistics by 37.2% in the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after acquiring an additional 249 shares during the period. 90.67% of the stock is owned by institutional investors.

GXO Logistics Stock Down 1.3 %

GXO stock opened at $43.27 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $5.17 billion, a PE ratio of 48.08, a P/E/G ratio of 1.19 and a beta of 1.60. GXO Logistics, Inc. has a 12 month low of $41.38 and a 12 month high of $63.33. The firm has a 50 day simple moving average of $45.71 and a 200 day simple moving average of $51.32.

Analyst Ratings Changes

A number of research firms have issued reports on GXO. Loop Capital lowered shares of GXO Logistics from a “buy” rating to a “hold” rating and reduced their target price for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. Barclays decreased their price objective on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. The Goldman Sachs Group reduced their price target on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. UBS Group raised their price target on GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Oppenheimer upped their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $63.46.

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.