Retirement Planning Co of New England Inc. Has $649,000 Position in GXO Logistics, Inc. (NYSE:GXO)

Retirement Planning Co of New England Inc. boosted its holdings in GXO Logistics, Inc. (NYSE:GXO) by 13.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,916 shares of the company’s stock after buying an additional 1,761 shares during the period. Retirement Planning Co of New England Inc.’s holdings in GXO Logistics were worth $649,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. RD Lewis Holdings Inc. acquired a new position in GXO Logistics in the fourth quarter valued at approximately $237,000. one8zero8 LLC bought a new stake in GXO Logistics in the fourth quarter valued at approximately $2,588,000. Natixis Advisors LLC increased its stake in GXO Logistics by 1,106.1% in the fourth quarter. Natixis Advisors LLC now owns 212,171 shares of the company’s stock valued at $9,229,000 after purchasing an additional 194,580 shares in the last quarter. First Eagle Investment Management LLC increased its stake in GXO Logistics by 1.9% in the fourth quarter. First Eagle Investment Management LLC now owns 334,600 shares of the company’s stock valued at $14,555,000 after purchasing an additional 6,100 shares in the last quarter. Finally, Intact Investment Management Inc. increased its stake in GXO Logistics by 35.5% in the fourth quarter. Intact Investment Management Inc. now owns 20,500 shares of the company’s stock valued at $892,000 after purchasing an additional 5,370 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wells Fargo & Company lowered 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. Loop Capital downgraded shares of GXO Logistics from a “buy” rating to a “hold” rating and lowered their target price for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. Oppenheimer lowered their target price on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Barclays lowered their target price on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group lowered their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.60.

GXO Logistics Stock Performance

Shares of GXO opened at $41.26 on Tuesday. GXO Logistics, Inc. has a 12 month low of $34.51 and a 12 month high of $63.33. The firm has a fifty day simple moving average of $42.01 and a 200 day simple moving average of $49.37. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 36.83, a PEG 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 announced its earnings results on Wednesday, February 12th. The company reported $1.00 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%. Research analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

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.