Xponance Inc. Has $594,000 Stock Position in GXO Logistics, Inc. (NYSE:GXO)

Xponance Inc. boosted its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 6.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,648 shares of the company’s stock after acquiring an additional 767 shares during the quarter. Xponance Inc.’s holdings in GXO Logistics were worth $594,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. R Squared Ltd purchased a new stake in shares of GXO Logistics in the fourth quarter worth approximately $54,000. Nomura Asset Management Co. Ltd. increased its stake 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 buying an additional 290 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in GXO Logistics by 213.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock worth $60,000 after buying an additional 933 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of GXO Logistics during the 3rd quarter valued at $71,000. Finally, Brooklyn Investment Group purchased a new position in shares of GXO Logistics during the 3rd quarter valued at $106,000. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Performance

GXO opened at $40.26 on Wednesday. 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 stock’s 50 day moving average price is $41.59 and its two-hundred day moving average price is $49.02. The firm has a market capitalization of $4.81 billion, a P/E ratio of 35.95, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62. GXO Logistics, Inc. has a 12-month low of $34.51 and a 12-month high of $63.33.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Barclays cut 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. The Goldman Sachs Group cut their price target on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft began coverage on GXO Logistics in a research note on Friday, March 7th. They issued a “hold” rating and a $45.00 price target for the company. UBS Group cut their price objective on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Finally, Wells Fargo & Company decreased their target price 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. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, GXO Logistics currently has an average rating of “Moderate Buy” and an average target price of $55.60.

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.