Brown Brothers Harriman & Co. Has $43.79 Million Holdings in GXO Logistics, Inc. (NYSE:GXO)

Brown Brothers Harriman & Co. raised its holdings in GXO Logistics, Inc. (NYSE:GXO) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,006,623 shares of the company’s stock after purchasing an additional 38,356 shares during the quarter. Brown Brothers Harriman & Co. owned approximately 0.84% of GXO Logistics worth $43,788,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Arizona State Retirement System raised its holdings in shares of GXO Logistics by 0.8% in the fourth quarter. Arizona State Retirement System now owns 34,671 shares of the company’s stock valued at $1,508,000 after buying an additional 281 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in GXO Logistics by 33.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock valued at $60,000 after acquiring an additional 290 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of GXO Logistics by 1.1% in the fourth quarter. Pacer Advisors Inc. now owns 30,815 shares of the company’s stock worth $1,340,000 after acquiring an additional 338 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of GXO Logistics by 33.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company’s stock worth $60,000 after acquiring an additional 348 shares during the last quarter. Finally, Stablepoint Partners LLC lifted its position in shares of GXO Logistics by 4.2% during the fourth quarter. Stablepoint Partners LLC now owns 15,916 shares of the company’s stock worth $692,000 after purchasing an additional 637 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Trading Down 1.8 %

Shares of NYSE GXO opened at $39.33 on Friday. GXO Logistics, Inc. has a twelve month low of $34.51 and a twelve month high of $63.33. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 35.12, a P/E/G ratio of 1.34 and a beta of 1.62. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The company’s fifty day moving average is $41.31 and its 200-day moving average is $48.83.

GXO Logistics (NYSE:GXO) last posted its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, topping 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%. Equities research analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wells Fargo & Company dropped their price objective 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. Loop Capital downgraded GXO Logistics from a “buy” rating to a “hold” rating and dropped their target price for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 price target (down previously from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Barclays dropped their price objective on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Finally, Oppenheimer reduced their target price on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, GXO Logistics presently has an average rating of “Moderate Buy” and a consensus target price of $56.00.

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.