Retirement Planning Co of New England Inc. Buys 1,761 Shares of GXO Logistics, Inc. (NYSE:GXO)

Retirement Planning Co of New England Inc. raised its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 13.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 14,916 shares of the company’s stock after purchasing an additional 1,761 shares during the quarter. Retirement Planning Co of New England Inc.’s holdings in GXO Logistics were worth $649,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Mount Lucas Management LP increased its holdings in shares of GXO Logistics by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 7,327 shares of the company’s stock worth $382,000 after purchasing an additional 173 shares during the period. Arizona State Retirement System increased its stake in GXO Logistics by 0.8% in the fourth quarter. Arizona State Retirement System now owns 34,671 shares of the company’s stock valued at $1,508,000 after acquiring an additional 281 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in GXO Logistics by 33.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock valued at $60,000 after acquiring an additional 290 shares during the period. Pacer Advisors Inc. increased its stake in GXO Logistics by 1.1% in the fourth quarter. Pacer Advisors Inc. now owns 30,815 shares of the company’s stock valued at $1,340,000 after acquiring an additional 338 shares during the period. Finally, KBC Group NV increased its stake in GXO Logistics by 18.6% in the third quarter. KBC Group NV now owns 3,665 shares of the company’s stock valued at $191,000 after acquiring an additional 576 shares during the period. Institutional investors own 90.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Loop Capital cut shares of GXO Logistics from a “buy” rating to a “hold” rating and lowered their target price for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. Truist Financial initiated coverage on shares of GXO Logistics in a research note on Thursday, March 13th. They issued a “hold” rating and a $40.00 target price on the stock. Stifel Nicolaus restated a “buy” rating and issued a $66.00 price target (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Finally, UBS Group reduced their price target on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $55.60.

GXO Logistics Price Performance

Shares of GXO stock opened at $41.26 on Tuesday. GXO Logistics, Inc. has a 1 year low of $34.51 and a 1 year high of $63.33. The firm’s 50 day moving average is $42.01 and its 200-day moving average is $49.37. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 36.83, a PEG ratio of 1.34 and a beta of 1.62. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83.

GXO Logistics (NYSE:GXO) last announced its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, topping 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%. Sell-side 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.