Pinebridge Investments L.P. Increases Position in GXO Logistics, Inc. (NYSE:GXO)

Pinebridge Investments L.P. raised its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 42.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,447 shares of the company’s stock after buying an additional 13,603 shares during the period. Pinebridge Investments L.P.’s holdings in GXO Logistics were worth $1,977,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in GXO Logistics by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company’s stock valued at $492,977,000 after acquiring an additional 212,254 shares during the period. Clearbridge Investments LLC lifted its position in shares of GXO Logistics by 3.8% during the fourth quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company’s stock worth $183,924,000 after purchasing an additional 153,522 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of GXO Logistics by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,798,170 shares of the company’s stock valued at $121,718,000 after purchasing an additional 50,682 shares during the period. Swedbank AB grew its holdings in shares of GXO Logistics by 13.9% in the fourth 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 in the last quarter. Finally, River Road Asset Management LLC increased its stake in GXO Logistics by 53.5% during 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. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Stock Down 1.9 %

GXO opened at $35.78 on Monday. 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 quick ratio of 0.86 and a current ratio of 0.83. The stock has a market capitalization of $4.19 billion, a P/E ratio of 31.95, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. The business’s 50-day simple moving average is $37.53 and its 200-day simple moving average is $46.35.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings data 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%. Analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Analyst Upgrades and Downgrades

GXO has been the subject of several research reports. UBS Group dropped their price target on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Oppenheimer cut their price target on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Wells Fargo & Company decreased their price objective on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Loop Capital lowered shares of GXO Logistics from a “buy” rating to a “hold” rating and cut their target price for the stock from $71.00 to $49.00 in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group decreased their price target 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. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.57.

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.