Sterling Capital Management LLC Raises Position in GXO Logistics, Inc. (NYSE:GXO)

Sterling Capital Management LLC lifted its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 55.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,957 shares of the company’s stock after buying an additional 2,482 shares during the quarter. Sterling Capital Management LLC’s holdings in GXO Logistics were worth $303,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GXO. Concorde Asset Management LLC purchased a new stake in shares of GXO Logistics during the fourth quarter valued at approximately $722,000. Quinn Opportunity Partners LLC acquired a new position in GXO Logistics in the 4th quarter worth $783,000. Kennedy Capital Management LLC grew its stake in shares of GXO Logistics by 10.4% during the fourth quarter. Kennedy Capital Management LLC now owns 104,679 shares of the company’s stock valued at $4,554,000 after acquiring an additional 9,838 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of GXO Logistics by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 51,616 shares of the company’s stock worth $2,245,000 after acquiring an additional 330 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of GXO Logistics in the fourth quarter worth about $20,905,000. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Stock Up 1.7 %

Shares of GXO Logistics stock opened at $33.89 on Monday. GXO Logistics, Inc. has a 1-year low of $30.46 and a 1-year high of $63.33. The company has a market capitalization of $4.05 billion, a P/E ratio of 30.25, a PEG ratio of 1.34 and a beta of 1.56. The business’s fifty day moving average price is $38.02 and its two-hundred day moving average price is $46.92. 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 (NYSE:GXO) last released its earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. As a group, research analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Analyst Upgrades and Downgrades

GXO has been the topic of a number of recent analyst reports. Citigroup cut their target price on GXO Logistics from $51.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Loop Capital downgraded shares of 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. Oppenheimer reduced their price target on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley reduced their target price on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $66.00 price target (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.93.

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.