GXO Logistics, Inc. (NYSE:GXO) Stock Holdings Lifted by Axa S.A.

Axa S.A. lifted its position in GXO Logistics, Inc. (NYSE:GXO) by 20.9% in the 4th quarter, Holdings Channel reports. The fund owned 1,294,468 shares of the company’s stock after buying an additional 223,445 shares during the period. Axa S.A.’s holdings in GXO Logistics were worth $56,309,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GXO. Vanguard Group Inc. raised its stake 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 purchasing an additional 212,254 shares during the period. Clearbridge Investments LLC raised its position in GXO Logistics by 3.8% during the fourth quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company’s stock valued at $183,924,000 after buying an additional 153,522 shares during the period. Dimensional Fund Advisors LP raised its position in GXO Logistics by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,798,170 shares of the company’s stock valued at $121,718,000 after buying an additional 50,682 shares during the period. Kovitz Investment Group Partners LLC lifted its stake in GXO Logistics by 28,112.6% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company’s stock worth $114,036,000 after acquiring an additional 2,612,223 shares in the last quarter. Finally, Swedbank AB boosted its position in GXO Logistics by 13.9% during the 4th quarter. Swedbank AB now owns 2,050,000 shares of the company’s stock worth $89,175,000 after acquiring an additional 250,000 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GXO. Oppenheimer reduced their price target on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Wells Fargo & Company cut their target price 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. Truist Financial lowered their price target on shares of GXO Logistics from $40.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus reiterated a “buy” rating and set a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft began coverage on GXO Logistics in a research note on Friday, March 7th. They issued a “hold” rating and a $45.00 target price on the stock. Five 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.com, GXO Logistics currently has an average rating of “Moderate Buy” and a consensus price target of $54.57.

GXO Logistics Price Performance

Shares of GXO Logistics stock opened at $37.52 on Friday. GXO Logistics, Inc. has a 1-year low of $30.46 and a 1-year high of $63.33. The firm has a fifty day simple moving average of $37.16 and a 200-day simple moving average of $45.56. 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 stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 33.50, a PEG ratio of 1.34 and a beta of 1.56.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. On average, sell-side analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current 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.