Boston Partners Acquires Shares of 25,485 GXO Logistics, Inc. (NYSE:GXO)

Boston Partners bought a new position in shares of GXO Logistics, Inc. (NYSE:GXO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 25,485 shares of the company’s stock, valued at approximately $1,109,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. acquired a new stake in GXO Logistics during the 4th quarter valued at $47,626,000. River Road Asset Management LLC raised its position in shares of GXO Logistics by 53.5% in the fourth quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company’s stock valued at $87,355,000 after purchasing an additional 699,636 shares during the period. Brown Brothers Harriman & Co. lifted its stake in shares of GXO Logistics by 105.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 968,267 shares of the company’s stock worth $50,418,000 after buying an additional 495,829 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of GXO Logistics during the 4th quarter worth about $20,905,000. Finally, Life Planning Partners Inc grew its stake in GXO Logistics by 4,250.0% in the 4th quarter. Life Planning Partners Inc now owns 263,393 shares of the company’s stock valued at $11,458,000 after buying an additional 257,338 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on GXO shares. Oppenheimer cut their price objective 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. Deutsche Bank Aktiengesellschaft started coverage on GXO Logistics in a report on Friday, March 7th. They set a “hold” rating and a $45.00 price target for the company. UBS Group decreased their price target on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Truist Financial began coverage on GXO Logistics in a research report on Thursday, March 13th. They set a “hold” rating and a $40.00 price target on the stock. Finally, Barclays decreased their target price on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $55.60.

GXO Logistics Stock Down 0.7 %

Shares of NYSE GXO opened at $40.39 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. GXO Logistics, Inc. has a 1 year low of $34.51 and a 1 year high of $63.33. The company has a 50 day simple moving average of $41.70 and a 200 day simple moving average of $49.12. The firm has a market cap of $4.83 billion, a PE ratio of 36.06, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62.

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