Foster Victor Wealth Advisors LLC Acquires 27,435 Shares of GXO Logistics, Inc. (NYSE:GXO)

Foster Victor Wealth Advisors LLC boosted its holdings in GXO Logistics, Inc. (NYSE:GXO) by 25.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 136,872 shares of the company’s stock after purchasing an additional 27,435 shares during the quarter. Foster Victor Wealth Advisors LLC owned about 0.11% of GXO Logistics worth $6,016,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bank of Montreal Can grew its position in shares of GXO Logistics by 597.7% during the 2nd quarter. Bank of Montreal Can now owns 133,163 shares of the company’s stock worth $6,738,000 after buying an additional 114,077 shares during the period. Millennium Management LLC boosted its stake in GXO Logistics by 105.5% during the second quarter. Millennium Management LLC now owns 487,200 shares of the company’s stock worth $24,604,000 after acquiring an additional 250,113 shares in the last quarter. Algert Global LLC grew its holdings in GXO Logistics by 47.3% in the second quarter. Algert Global LLC now owns 37,441 shares of the company’s stock worth $1,891,000 after purchasing an additional 12,021 shares during the period. Creative Planning increased its stake in GXO Logistics by 34.6% in the second quarter. Creative Planning now owns 12,700 shares of the company’s stock valued at $641,000 after purchasing an additional 3,262 shares in the last quarter. Finally, Coronation Fund Managers Ltd. acquired a new position in shares of GXO Logistics during the second quarter valued at about $3,524,000. 90.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GXO. TD Cowen raised their target price on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group reduced their price objective on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. UBS Group upped their target price on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Barclays cut their target price on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. Finally, Citigroup initiated coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 price target for the company. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.38.

GXO Logistics Trading Up 0.5 %

Shares of GXO stock opened at $45.87 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of 50.96, a PEG ratio of 1.23 and a beta of 1.60. GXO Logistics, Inc. has a 52-week low of $41.38 and a 52-week high of $63.33. The company has a 50-day simple moving average of $48.20 and a two-hundred day simple moving average of $51.84.

GXO Logistics (NYSE:GXO) last released its earnings results on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. GXO Logistics’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. Research analysts anticipate that GXO Logistics, Inc. will post 2.73 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.