Bridges Investment Management Inc. Raises Holdings in GXO Logistics, Inc. (NYSE:GXO)

Bridges Investment Management Inc. lifted its stake in GXO Logistics, Inc. (NYSE:GXO) by 18.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,335 shares of the company’s stock after buying an additional 1,129 shares during the quarter. Bridges Investment Management Inc.’s holdings in GXO Logistics were worth $319,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Stifel Financial Corp raised its holdings in GXO Logistics by 95.8% in the 3rd quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock worth $3,960,000 after purchasing an additional 37,197 shares during the period. Douglas Lane & Associates LLC raised its holdings in GXO Logistics by 6.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock worth $20,904,000 after purchasing an additional 31,015 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in GXO Logistics by 2.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company’s stock worth $26,153,000 after purchasing an additional 12,208 shares during the period. Tidal Investments LLC acquired a new position in GXO Logistics in the 3rd quarter worth about $667,000. Finally, Barclays PLC raised its holdings in GXO Logistics by 28.9% in the 3rd quarter. Barclays PLC now owns 62,545 shares of the company’s stock worth $3,256,000 after purchasing an additional 14,020 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Price Performance

GXO stock opened at $38.06 on Tuesday. 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 business has a 50 day simple moving average of $42.94 and a 200-day simple moving average of $50.11. The firm has a market capitalization of $4.55 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 1.34 and a beta of 1.60. GXO Logistics, Inc. has a 1 year low of $34.51 and a 1 year high of $63.33.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. TD Cowen upped their price target on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Oppenheimer reduced their price target on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and reduced their target price for the company from $71.00 to $49.00 in a report on Monday, February 3rd. Morgan Stanley reduced their target price on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Finally, Barclays reduced their target price 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. Four 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 a consensus rating of “Moderate Buy” and a consensus price target of $57.62.

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.