GXO Logistics, Inc. (NYSE:GXO) Shares Purchased by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC raised its holdings in GXO Logistics, Inc. (NYSE:GXO) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 480,553 shares of the company’s stock after purchasing an additional 31,015 shares during the period. Douglas Lane & Associates LLC owned about 0.40% of GXO Logistics worth $20,904,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new stake in GXO Logistics in the third quarter valued at $28,000. UMB Bank n.a. raised its stake in shares of GXO Logistics by 111.4% in the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company’s stock valued at $33,000 after purchasing an additional 331 shares in the last quarter. Signaturefd LLC raised its stake in shares of GXO Logistics by 37.2% in the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after purchasing an additional 249 shares in the last quarter. Hara Capital LLC bought a new position in shares of GXO Logistics during the third quarter worth about $50,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in GXO Logistics by 37.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock worth $54,000 after purchasing an additional 282 shares in the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

GXO Logistics Price Performance

GXO Logistics stock traded down $1.29 during midday trading on Wednesday, hitting $44.25. The company’s stock had a trading volume of 675,522 shares, compared to its average volume of 1,099,337. GXO Logistics, Inc. has a 12 month low of $41.38 and a 12 month high of $63.33. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. The stock’s 50-day moving average price is $52.74 and its 200-day moving average price is $52.37. The company has a market capitalization of $5.29 billion, a PE ratio of 49.17, a price-to-earnings-growth ratio of 1.47 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last released its earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The business’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 earnings per share. Analysts anticipate that GXO Logistics, Inc. will post 2.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GXO has been the topic of a number of research analyst reports. Barclays decreased their target price on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. TD Cowen boosted their target price on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Citigroup began coverage on shares of GXO Logistics in a research report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price target on the stock. Susquehanna cut their target price on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a report on Thursday, September 26th. Finally, Oppenheimer raised their price target on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, GXO Logistics presently has an average rating of “Moderate Buy” and a consensus target price of $66.33.

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.