GXO Logistics, Inc. (NYSE:GXO) Shares Acquired by Peregrine Capital Management LLC

Peregrine Capital Management LLC increased its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 1.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 155,493 shares of the company’s stock after buying an additional 2,357 shares during the period. Peregrine Capital Management LLC’s holdings in GXO Logistics were worth $6,764,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GXO. Vaughan Nelson Investment Management L.P. acquired a new stake in GXO Logistics in the fourth quarter valued at approximately $47,626,000. Global Alpha Capital Management Ltd. acquired a new stake in GXO Logistics in the 3rd quarter valued at $32,434,000. Brown Brothers Harriman & Co. increased its holdings in GXO Logistics by 105.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 968,267 shares of the company’s stock worth $50,418,000 after acquiring an additional 495,829 shares in the last quarter. River Road Asset Management LLC raised its position in GXO Logistics by 40.4% during the third quarter. River Road Asset Management LLC now owns 1,308,532 shares of the company’s stock worth $68,135,000 after acquiring an additional 376,704 shares during the period. Finally, Life Planning Partners Inc lifted its holdings in GXO Logistics by 4,250.0% during the fourth quarter. Life Planning Partners Inc now owns 263,393 shares of the company’s stock valued at $11,458,000 after purchasing an additional 257,338 shares in the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on GXO shares. UBS Group reduced 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 report on Friday, February 14th. Oppenheimer decreased their target price on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday. Wells Fargo & Company dropped their price target on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Barclays decreased their price objective on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $57.62.

GXO Logistics Price Performance

Shares of GXO stock opened at $41.07 on Wednesday. The firm’s 50-day moving average is $44.03 and its two-hundred day moving average is $50.61. GXO Logistics, Inc. has a 12 month low of $34.51 and a 12 month high of $63.33. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $4.91 billion, a PE ratio of 45.63, a price-to-earnings-growth ratio of 1.19 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. Analysts predict that GXO Logistics, Inc. will post 2.73 earnings per share for the current 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.