GXO Logistics, Inc. (NYSE:GXO) Holdings Boosted by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina grew its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,616 shares of the company’s stock after purchasing an additional 330 shares during the quarter. Treasurer of the State of North Carolina’s holdings in GXO Logistics were worth $2,245,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Douglas Lane & Associates LLC increased its position in 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 period. Tidal Investments LLC acquired a new stake in shares of GXO Logistics in the 3rd quarter worth about $667,000. Barclays PLC lifted its position in 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 purchasing an additional 14,020 shares during the last quarter. Geode Capital Management LLC boosted its stake in GXO Logistics by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,982,920 shares of the company’s stock valued at $103,279,000 after purchasing an additional 29,992 shares during the period. Finally, Kirr Marbach & Co. LLC IN grew its position in GXO Logistics by 57.1% in the 4th quarter. Kirr Marbach & Co. LLC IN now owns 155,720 shares of the company’s stock worth $6,774,000 after purchasing an additional 56,581 shares during the last quarter. Institutional investors own 90.67% of the company’s stock.

Analyst Ratings Changes

GXO has been the subject of several analyst reports. Citigroup reduced their price objective on GXO Logistics from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. 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 target for the company. Truist Financial started coverage on GXO Logistics in a report on Thursday, March 13th. They set a “hold” rating and a $40.00 price target on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price objective (down previously from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Finally, Loop Capital cut shares of GXO Logistics from a “buy” rating to a “hold” rating and lowered their target price for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $54.93.

GXO Logistics Trading Up 1.7 %

GXO Logistics stock opened at $33.89 on Friday. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. GXO Logistics, Inc. has a 1 year low of $30.46 and a 1 year high of $63.33. The firm’s 50 day moving average price is $38.20 and its two-hundred day moving average price is $47.08. 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 (NYSE:GXO) last issued its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (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%. On average, research analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

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.