Bridges Investment Management Inc. Buys 1,129 Shares of GXO Logistics, Inc. (NYSE:GXO)

Bridges Investment Management Inc. lifted its stake in GXO Logistics, Inc. (NYSE:GXO) by 18.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,335 shares of the company’s stock after acquiring an additional 1,129 shares during the period. Bridges Investment Management Inc.’s holdings in GXO Logistics were worth $319,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in GXO. Vaughan Nelson Investment Management L.P. bought a new position in shares of GXO Logistics in the 4th quarter worth $47,626,000. Global Alpha Capital Management Ltd. bought a new position in shares of GXO Logistics in the 3rd quarter worth $32,434,000. Brown Brothers Harriman & Co. raised its position in shares of GXO Logistics by 105.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 968,267 shares of the company’s stock worth $50,418,000 after acquiring an additional 495,829 shares in the last quarter. River Road Asset Management LLC raised its position in shares of GXO Logistics by 40.4% in the 3rd quarter. River Road Asset Management LLC now owns 1,308,532 shares of the company’s stock worth $68,135,000 after acquiring an additional 376,704 shares in the last quarter. Finally, Life Planning Partners Inc grew its stake in GXO Logistics by 4,250.0% during the 4th quarter. Life Planning Partners Inc now owns 263,393 shares of the company’s stock worth $11,458,000 after buying an additional 257,338 shares during the last quarter. 90.67% of the stock is owned by institutional investors.

GXO Logistics Stock Down 3.5 %

GXO Logistics stock opened at $38.06 on Tuesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. The business’s 50-day simple moving average is $42.94 and its two-hundred day simple moving average is $50.11. The company has a market cap of $4.55 billion, a PE ratio of 33.98, a PEG ratio of 1.34 and a beta of 1.60. GXO Logistics, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $63.33.

GXO Logistics (NYSE:GXO) last issued its earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, topping 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%. Equities analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on GXO. Stifel Nicolaus restated a “buy” rating and set a $66.00 target price (down from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. 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 note on Friday, February 14th. Morgan Stanley dropped their target price on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. 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 note on Friday, February 14th. Finally, TD Cowen boosted their target price on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $57.62.

GXO Logistics 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.