Summit Securities Group LLC Has $44,000 Holdings in GXO Logistics, Inc. (NYSE:GXO)

Summit Securities Group LLC increased its position in GXO Logistics, Inc. (NYSE:GXO) by 870.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,000 shares of the company’s stock after acquiring an additional 897 shares during the quarter. Summit Securities Group LLC’s holdings in GXO Logistics were worth $44,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GXO. Norges Bank acquired a new stake in shares of GXO Logistics in the fourth quarter valued at about $55,266,000. Vaughan Nelson Investment Management L.P. acquired a new stake in GXO Logistics in the 4th quarter valued at approximately $47,626,000. River Road Asset Management LLC increased its position in GXO Logistics by 53.5% in the 4th quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company’s stock worth $87,355,000 after buying an additional 699,636 shares during the period. Raymond James Financial Inc. acquired a new position in shares of GXO Logistics during the fourth quarter worth approximately $20,905,000. Finally, Life Planning Partners Inc boosted its position in shares of GXO Logistics by 4,250.0% in the fourth quarter. Life Planning Partners Inc now owns 263,393 shares of the company’s stock valued at $11,458,000 after acquiring an additional 257,338 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barclays cut 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. The Goldman Sachs Group reduced their target price on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Oppenheimer lowered their price target on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Wells Fargo & Company reduced their price objective on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Finally, UBS Group lowered their price objective 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. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

GXO Logistics Stock Down 1.8 %

Shares of NYSE GXO opened at $39.33 on Monday. The stock has a market cap of $4.70 billion, a PE ratio of 35.12, a PEG ratio of 1.34 and a beta of 1.62. The business has a fifty day moving average of $41.31 and a two-hundred day moving average of $48.83. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. GXO Logistics, Inc. has a 52-week low of $34.51 and a 52-week high of $63.33.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. As a group, equities research analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share 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.