Life Planning Partners Inc Boosts Position in GXO Logistics, Inc. (NYSE:GXO)

Life Planning Partners Inc increased its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 4,250.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 263,393 shares of the company’s stock after acquiring an additional 257,338 shares during the quarter. Life Planning Partners Inc owned approximately 0.22% of GXO Logistics worth $11,458,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of GXO. Stifel Financial Corp increased its stake in GXO Logistics by 95.8% during the third quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock worth $3,960,000 after acquiring an additional 37,197 shares during the last quarter. Douglas Lane & Associates LLC grew its holdings in shares of GXO Logistics by 6.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock worth $20,904,000 after purchasing an additional 31,015 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of GXO Logistics by 2.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company’s stock worth $26,153,000 after purchasing an additional 12,208 shares during the period. Tidal Investments LLC purchased a new stake in GXO Logistics in the 3rd quarter valued at about $667,000. Finally, Barclays PLC lifted its position in GXO Logistics by 28.9% in the third quarter. Barclays PLC now owns 62,545 shares of the company’s stock valued at $3,256,000 after buying an additional 14,020 shares during the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Analyst Upgrades and Downgrades

GXO has been the subject of several research reports. The Goldman Sachs Group dropped their target price on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Barclays dropped their price objective on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday. Loop Capital lowered GXO Logistics from a “buy” rating to a “hold” rating and decreased their target price for the stock from $71.00 to $49.00 in a research note on Monday, February 3rd. Oppenheimer lifted their target price on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, TD Cowen boosted their price target on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.92.

GXO Logistics Trading Down 14.8 %

Shares of GXO Logistics stock opened at $36.44 on Friday. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 40.48, a price-to-earnings-growth ratio of 1.19 and a beta of 1.60. GXO Logistics, Inc. has a 52-week low of $34.51 and a 52-week high of $63.33. The company’s 50-day simple moving average is $44.61 and its 200-day simple moving average is $50.97. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.94 by $0.06. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. As a group, equities research analysts anticipate that GXO Logistics, Inc. will post 2.73 earnings per share 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.