GXO Logistics, Inc. (NYSE:GXO) Shares Bought by Swedbank AB

Swedbank AB increased its stake in GXO Logistics, Inc. (NYSE:GXO) by 13.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,050,000 shares of the company’s stock after acquiring an additional 250,000 shares during the quarter. Swedbank AB owned approximately 1.72% of GXO Logistics worth $89,175,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mount Lucas Management LP lifted its holdings in shares of GXO Logistics by 2.4% in the third quarter. Mount Lucas Management LP now owns 7,327 shares of the company’s stock valued at $382,000 after purchasing an additional 173 shares in the last quarter. Mathes Company Inc. raised its position in GXO Logistics by 0.7% during the third quarter. Mathes Company Inc. now owns 25,475 shares of the company’s stock valued at $1,326,000 after buying an additional 175 shares during the period. Nisa Investment Advisors LLC lifted its stake in GXO Logistics by 7.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,064 shares of the company’s stock worth $160,000 after acquiring an additional 220 shares in the last quarter. CWM LLC grew its stake in GXO Logistics by 13.8% during the 3rd quarter. CWM LLC now owns 1,961 shares of the company’s stock valued at $102,000 after acquiring an additional 238 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of GXO Logistics by 37.2% during the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after purchasing an additional 249 shares during the period. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Stock Up 0.6 %

Shares of GXO Logistics stock opened at $46.14 on Thursday. GXO Logistics, Inc. has a 12-month low of $41.38 and a 12-month high of $63.33. The stock has a market capitalization of $5.51 billion, a P/E ratio of 51.27, a PEG ratio of 1.23 and a beta of 1.60. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. The stock has a 50 day moving average price of $47.96 and a two-hundred day moving average price of $51.80.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.01. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. GXO Logistics’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS. Equities analysts expect that GXO Logistics, Inc. will post 2.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. UBS Group upped 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. Citigroup started coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price target on the stock. Oppenheimer lifted their price objective on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. 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. Finally, Barclays reduced their price target on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $65.38.

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.