4 days Ago By ABMN Staff
Russell Investments Group Ltd. trimmed its position in shares of GXO Logistics, Inc. ( NYSE:GXO – Free Report ) by 55.
1% in the 4th quarter, Holdings Channel reports. The firm owned 98,458 shares of the company’s stock after selling 120,586 shares during the period. Russell Investments Group Ltd.
’s holdings in GXO Logistics were worth $4,283,000 at the end of the most recent reporting period. Several other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of GXO Logistics in the fourth quarter valued at approximately $55,266,000.
Vaughan Nelson Investment Management L.P. purchased a new stake in GXO Logistics in the 4th quarter valued at $47,626,000.
River Road Asset Management LLC increased its stake in shares of GXO Logistics by 53.5% in the 4th quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company’s stock worth $87,355,000 after acquiring an additional 699,636 shares during the last quarter.
Raymond James Financial Inc. acquired a new position in shares of GXO Logistics during the 4th quarter valued at about $20,905,000. Finally, Life Planning Partners Inc boosted its position in shares of GXO Logistics by 4,250.
0% during the 4th quarter. Life Planning Partners Inc now owns 263,393 shares of the company’s stock valued at $11,458,000 after acquiring an additional 257,338 shares during the last quarter. 90.
67% of the stock is owned by institutional investors and hedge funds. Analysts Set New Price Targets A number of equities analysts have commented on the stock. Truist Financial initiated coverage on shares of GXO Logistics in a research note on Thursday, March 13th.
They set a “hold” rating and a $40.00 target price on the stock. 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. UBS Group lowered their price objective on GXO Logistics from $72.
00 to $50.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Barclays reduced their target price on GXO Logistics from $52.
00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group lowered their price target on GXO Logistics from $63.
00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company.
Based on data from MarketBeat, GXO Logistics currently has an average rating of “Moderate Buy” and an average price target of $54.93. GXO Logistics Stock Performance NYSE GXO opened at $33.
91 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.
83 and a quick ratio of 0.86. The company has a market cap of $4.
05 billion, a P/E ratio of 30.27, a P/E/G ratio of 1.34 and a beta of 1.
56. The stock has a 50-day moving average of $38.58 and a two-hundred day moving average of $47.
30. GXO Logistics, Inc. has a 1-year low of $30.
46 and a 1-year high of $63.33. GXO Logistics ( NYSE:GXO – Get Free Report ) last announced its quarterly earnings data on Wednesday, February 12th.
The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates 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, analysts anticipate that GXO Logistics, Inc. will post 2.
49 EPS for the current year. About GXO Logistics ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding GXO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for GXO Logistics, Inc. ( NYSE:GXO – Free Report ). Receive News & Ratings for GXO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GXO Logistics and related companies with MarketBeat.
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