GXO Logistics, Inc. (NYSE:GXO) Shares Acquired by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC grew its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 32.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,484 shares of the company’s stock after purchasing an additional 15,542 shares during the quarter. Blue Zone Wealth Advisors LLC’s holdings in GXO Logistics were worth $2,762,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of GXO Logistics during the fourth quarter worth approximately $47,626,000. Global Alpha Capital Management Ltd. acquired a new stake in shares of GXO Logistics during the third quarter worth $32,434,000. Brown Brothers Harriman & Co. lifted its holdings in GXO Logistics by 105.0% in the third quarter. Brown Brothers Harriman & Co. now owns 968,267 shares of the company’s stock valued at $50,418,000 after acquiring an additional 495,829 shares during the period. River Road Asset Management LLC increased its position in shares of GXO Logistics by 40.4% in the third quarter. River Road Asset Management LLC now owns 1,308,532 shares of the company’s stock valued at $68,135,000 after buying an additional 376,704 shares in the last quarter. Finally, Life Planning Partners Inc increased its position in GXO Logistics by 4,250.0% during the 4th quarter. Life Planning Partners Inc now owns 263,393 shares of the company’s stock worth $11,458,000 after purchasing an additional 257,338 shares in the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

GXO Logistics Stock Up 8.8 %

NYSE:GXO opened at $39.49 on Friday. GXO Logistics, Inc. has a 1 year low of $34.51 and a 1 year high of $63.33. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 43.88, a PEG ratio of 1.19 and a beta of 1.60. The stock has a 50-day moving average price of $44.40 and a two-hundred day moving average price of $50.83.

GXO Logistics (NYSE:GXO) last released its earnings results 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 return on equity of 10.03% and a net margin of 0.97%. As a group, equities analysts expect that GXO Logistics, Inc. will post 2.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GXO has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price target on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a research note on Friday. Loop Capital lowered GXO Logistics from a “buy” rating to a “hold” rating and dropped their price target for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. The Goldman Sachs Group dropped their target price on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Barclays decreased their price target on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, Oppenheimer increased their price target on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $58.54.

GXO Logistics Company 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.