Keeley Teton Advisors LLC Has $714,000 Holdings in GXO Logistics, Inc. (NYSE:GXO)

Keeley Teton Advisors LLC grew its holdings in GXO Logistics, Inc. (NYSE:GXO) by 8.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,416 shares of the company’s stock after purchasing an additional 1,273 shares during the quarter. Keeley Teton Advisors LLC’s holdings in GXO Logistics were worth $714,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Gabelli Funds LLC grew its holdings in GXO Logistics by 18.0% in the 4th quarter. Gabelli Funds LLC now owns 26,206 shares of the company’s stock valued at $1,140,000 after buying an additional 4,000 shares during the last quarter. Guggenheim Capital LLC acquired a new stake in shares of GXO Logistics in the fourth quarter worth $211,000. Belpointe Asset Management LLC grew its stake in shares of GXO Logistics by 8.9% in the fourth quarter. Belpointe Asset Management LLC now owns 5,728 shares of the company’s stock worth $249,000 after acquiring an additional 470 shares during the last quarter. Mariner LLC increased its position in GXO Logistics by 9.7% during the fourth quarter. Mariner LLC now owns 7,367 shares of the company’s stock worth $320,000 after acquiring an additional 653 shares during the period. Finally, Barclays PLC raised its stake in GXO Logistics by 70.1% during the 4th quarter. Barclays PLC now owns 106,404 shares of the company’s stock valued at $4,629,000 after purchasing an additional 43,859 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Stock Performance

NYSE:GXO opened at $33.35 on Thursday. The stock has a market capitalization of $3.99 billion, a P/E ratio of 29.78, 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 has a 50 day moving average of $38.39 and a 200-day moving average of $47.20. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data 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%. As a group, sell-side analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GXO. Wells Fargo & Company dropped their price objective on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Truist Financial initiated coverage on GXO Logistics in a report on Thursday, March 13th. They issued a “hold” rating and a $40.00 price target for the company. The Goldman Sachs Group lowered their price objective on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Barclays cut their target price on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Finally, Morgan Stanley dropped their price objective on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, GXO Logistics presently has a consensus rating of “Moderate Buy” and an average target price 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.