River Road Asset Management LLC Has $87.36 Million Position in GXO Logistics, Inc. (NYSE:GXO)

River Road Asset Management LLC grew its stake in GXO Logistics, Inc. (NYSE:GXO) by 53.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,008,168 shares of the company’s stock after purchasing an additional 699,636 shares during the quarter. GXO Logistics makes up approximately 1.2% of River Road Asset Management LLC’s investment portfolio, making the stock its 28th largest holding. River Road Asset Management LLC owned approximately 1.68% of GXO Logistics worth $87,355,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GXO. Vaughan Nelson Investment Management L.P. bought a new position in GXO Logistics in the 4th quarter valued at about $47,626,000. Global Alpha Capital Management Ltd. acquired a new position in shares of GXO Logistics in the third quarter valued at approximately $32,434,000. Brown Brothers Harriman & Co. increased its stake in shares of GXO Logistics by 105.0% during the third quarter. Brown Brothers Harriman & Co. now owns 968,267 shares of the company’s stock worth $50,418,000 after purchasing an additional 495,829 shares during the period. Raymond James Financial Inc. acquired a new stake in GXO Logistics during the 4th quarter worth approximately $20,905,000. Finally, Life Planning Partners Inc boosted its stake in GXO Logistics by 4,250.0% in the 4th quarter. Life Planning Partners Inc now owns 263,393 shares of the company’s stock valued at $11,458,000 after purchasing an additional 257,338 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on GXO shares. Barclays lowered their price objective 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. 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 report on Monday, February 3rd. Morgan Stanley dropped their price objective on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 price objective (down previously from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. Finally, Oppenheimer dropped their price objective on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.71.

GXO Logistics Stock Down 1.6 %

Shares of GXO opened at $37.49 on Tuesday. GXO Logistics, Inc. has a one year low of $34.51 and a one year high of $63.33. The company has a market cap of $4.48 billion, a P/E ratio of 33.47, a P/E/G ratio of 1.34 and a beta of 1.62. 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 firm has a 50 day simple moving average of $42.46 and a two-hundred day simple moving average of $49.74.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. Research analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

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.