Quantbot Technologies LP Buys New Holdings in GXO Logistics, Inc. (NYSE:GXO)

Quantbot Technologies LP purchased a new position in GXO Logistics, Inc. (NYSE:GXO) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 16,117 shares of the company’s stock, valued at approximately $701,000.

A number of other institutional investors have also added to or reduced their stakes in GXO. Vaughan Nelson Investment Management L.P. purchased a new position in shares of GXO Logistics in the fourth quarter worth $47,626,000. River Road Asset Management LLC increased its holdings 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 valued at $87,355,000 after acquiring an additional 699,636 shares during the last quarter. Raymond James Financial Inc. bought a new stake in GXO Logistics in the 4th quarter valued at $20,905,000. Life Planning Partners Inc lifted its stake in GXO Logistics by 4,250.0% in the 4th quarter. Life Planning Partners Inc now owns 263,393 shares of the company’s stock worth $11,458,000 after purchasing an additional 257,338 shares in the last quarter. Finally, Swedbank AB boosted its holdings in shares of GXO Logistics by 13.9% during the 4th quarter. Swedbank AB now owns 2,050,000 shares of the company’s stock valued at $89,175,000 after purchasing an additional 250,000 shares during the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

GXO Logistics Stock Performance

Shares of NYSE:GXO opened at $39.93 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 1.34 and a beta of 1.62. GXO Logistics, Inc. has a 12 month low of $34.51 and a 12 month high of $63.33. The firm’s 50-day moving average is $41.49 and its 200 day moving average is $48.96.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, topping 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 EPS for the current year.

Wall Street Analysts Forecast Growth

GXO has been the topic of several research reports. Truist Financial started coverage on GXO Logistics in a report on Thursday, March 13th. They issued a “hold” rating and a $40.00 target price on the stock. UBS Group reduced their price objective 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. 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 target price for the company. Morgan Stanley reduced their price target on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Finally, Wells Fargo & Company lowered their price objective on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Six equities 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 has a consensus rating of “Moderate Buy” and a consensus target price of $55.60.

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.