Rice Hall James & Associates LLC Cuts Stock Position in GXO Logistics, Inc. (NYSE:GXO)

Rice Hall James & Associates LLC lowered its position in GXO Logistics, Inc. (NYSE:GXO) by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 89,626 shares of the company’s stock after selling 5,199 shares during the period. Rice Hall James & Associates LLC’s holdings in GXO Logistics were worth $3,899,000 as of its most recent SEC filing.

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

GXO Logistics Trading Up 4.2 %

Shares of NYSE:GXO opened at $41.07 on Wednesday. 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 $4.91 billion, a PE ratio of 45.63, a PEG ratio of 1.19 and a beta of 1.60. The business has a 50 day moving average of $44.03 and a two-hundred day moving average of $50.61. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results 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 return on equity of 10.03% and a net margin of 0.97%. As a group, analysts forecast that GXO Logistics, Inc. will post 2.73 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and lowered their price target for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. Barclays dropped their target price on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Oppenheimer dropped their target price on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday. UBS Group dropped their target price on GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Finally, Wells Fargo & Company dropped their target price on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, GXO Logistics has a consensus rating of “Moderate Buy” and an average target price of $57.62.

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.