Natixis Invests $1.23 Million in GXO Logistics, Inc. (NYSE:GXO)

Natixis purchased a new stake in shares of GXO Logistics, Inc. (NYSE:GXO) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 28,348 shares of the company’s stock, valued at approximately $1,233,000.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of GXO Logistics by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company’s stock valued at $492,977,000 after purchasing an additional 212,254 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in GXO Logistics by 3.8% during the fourth quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company’s stock worth $183,924,000 after buying an additional 153,522 shares during the period. Dimensional Fund Advisors LP boosted its position in GXO Logistics by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,798,170 shares of the company’s stock valued at $121,718,000 after acquiring an additional 50,682 shares in the last quarter. Swedbank AB increased its holdings 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. Finally, River Road Asset Management LLC raised its position in shares of GXO Logistics by 53.5% in the 4th quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company’s stock worth $87,355,000 after acquiring an additional 699,636 shares in the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Performance

GXO opened at $35.14 on Thursday. 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, Inc. has a 12-month low of $30.46 and a 12-month high of $63.33. The firm has a 50 day moving average of $37.70 and a two-hundred day moving average of $46.64. The firm has a market capitalization of $4.20 billion, a PE ratio of 31.38, a P/E/G ratio of 1.34 and a beta of 1.56.

GXO Logistics (NYSE:GXO) last issued its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. On average, analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Analysts Set New Price Targets

GXO has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on GXO Logistics in a research note on Friday, March 7th. They issued a “hold” rating and a $45.00 target price on the stock. Loop Capital lowered shares of 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. Oppenheimer decreased their target price on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Barclays cut their price target on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Finally, UBS Group decreased their price objective on GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.93.

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.