1,094,860 Shares in GXO Logistics, Inc. (NYSE:GXO) Bought by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. purchased a new stake in shares of GXO Logistics, Inc. (NYSE:GXO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,094,860 shares of the company’s stock, valued at approximately $47,626,000. Vaughan Nelson Investment Management L.P. owned 0.92% of GXO Logistics at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lecap Asset Management Ltd. acquired a new stake in GXO Logistics during the 4th quarter worth approximately $614,000. Retirement Systems of Alabama increased its position in shares of GXO Logistics by 7.4% in the fourth quarter. Retirement Systems of Alabama now owns 327,189 shares of the company’s stock worth $14,233,000 after acquiring an additional 22,404 shares in the last quarter. Swedbank AB raised its stake in shares of GXO Logistics by 13.9% in the 4th quarter. Swedbank AB now owns 2,050,000 shares of the company’s stock valued at $89,175,000 after acquiring an additional 250,000 shares during the period. Foster Victor Wealth Advisors LLC lifted its holdings in shares of GXO Logistics by 25.1% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 136,872 shares of the company’s stock valued at $6,016,000 after acquiring an additional 27,435 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in GXO Logistics during the 4th quarter worth $54,000. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Stock Performance

Shares of GXO stock opened at $43.27 on Friday. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 48.08, a PEG ratio of 1.19 and a beta of 1.60. GXO Logistics, Inc. has a one year low of $41.38 and a one year high of $63.33. The company’s 50-day simple moving average is $45.71 and its 200-day simple moving average is $51.32. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86.

Analysts Set New Price Targets

A number of brokerages have commented on GXO. Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $71.00 to $49.00 in a research note on Monday, February 3rd. The Goldman Sachs Group reduced their price target 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. UBS Group lifted their price objective on shares of GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Oppenheimer upped their target price on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, TD Cowen raised their price target on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Four investment 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 a consensus rating of “Moderate Buy” and an average price target of $63.46.

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.