Belpointe Asset Management LLC Has $249,000 Holdings in GXO Logistics, Inc. (NYSE:GXO)

Belpointe Asset Management LLC grew its holdings in GXO Logistics, Inc. (NYSE:GXO) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,728 shares of the company’s stock after buying an additional 470 shares during the period. Belpointe Asset Management LLC’s holdings in GXO Logistics were worth $249,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC lifted its holdings in GXO Logistics by 28.9% during the 3rd quarter. Barclays PLC now owns 62,545 shares of the company’s stock valued at $3,256,000 after purchasing an additional 14,020 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of GXO Logistics by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,982,920 shares of the company’s stock worth $103,279,000 after buying an additional 29,992 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of GXO Logistics during the 3rd quarter worth about $210,000. Wilmington Savings Fund Society FSB acquired a new position in GXO Logistics in the 3rd quarter valued at about $71,000. Finally, Tidal Investments LLC bought a new position in GXO Logistics in the 3rd quarter valued at about $667,000. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Price Performance

Shares of NYSE:GXO opened at $33.89 on Friday. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $63.33. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 1.34 and a beta of 1.56. The firm has a 50 day simple moving average of $38.20 and a 200 day simple moving average of $47.08.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. Research analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GXO has been the topic of several research reports. Loop Capital downgraded GXO Logistics from a “buy” rating to a “hold” rating and decreased their target price for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft started coverage on GXO Logistics in a research report on Friday, March 7th. They set a “hold” rating and a $45.00 price objective on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Citigroup decreased their price target on shares of GXO Logistics from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, UBS Group cut their price objective on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.93.

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.