GXO Logistics, Inc. (NYSE:GXO) Stock Holdings Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in GXO Logistics, Inc. (NYSE:GXO) by 2.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 502,273 shares of the company’s stock after buying an additional 12,208 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.42% of GXO Logistics worth $26,153,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. American Century Companies Inc. lifted its position in GXO Logistics by 25.2% in the 2nd quarter. American Century Companies Inc. now owns 3,221,818 shares of the company’s stock valued at $162,702,000 after purchasing an additional 648,547 shares during the last quarter. Fort Pitt Capital Group LLC lifted its position in GXO Logistics by 2.1% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 2,467,814 shares of the company’s stock valued at $128,499,000 after purchasing an additional 51,208 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in GXO Logistics by 11.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,398,933 shares of the company’s stock valued at $121,140,000 after purchasing an additional 240,766 shares during the last quarter. Swedbank AB lifted its position in GXO Logistics by 15.9% in the 2nd quarter. Swedbank AB now owns 1,825,000 shares of the company’s stock valued at $92,162,000 after purchasing an additional 250,000 shares during the last quarter. Finally, Eminence Capital LP bought a new stake in GXO Logistics in the 2nd quarter valued at about $79,698,000. 90.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on GXO shares. Barclays cut their price objective on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Susquehanna cut their price objective on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research report on Thursday, September 26th. TD Cowen lifted their price objective on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Citigroup assumed coverage on shares of GXO Logistics in a research report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price target on the stock. Finally, Oppenheimer boosted their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $66.33.

GXO Logistics Stock Performance

Shares of GXO opened at $50.85 on Thursday. The firm’s 50 day moving average is $58.28 and its 200-day moving average is $53.09. The stock has a market capitalization of $6.08 billion, a P/E ratio of 56.77, a P/E/G ratio of 1.83 and a beta of 1.52. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. GXO Logistics, Inc. has a 12-month low of $46.07 and a 12-month high of $63.33.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.01. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The business’s revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS. Equities research analysts anticipate that GXO Logistics, Inc. will post 2.76 EPS for the current fiscal year.

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.