Rhumbline Advisers Has $14.35 Million Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Rhumbline Advisers lifted its position in shares of GXO Logistics, Inc. (NYSE:GXO) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 329,829 shares of the company’s stock after purchasing an additional 10,159 shares during the quarter. Rhumbline Advisers owned 0.28% of GXO Logistics worth $14,348,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. State Street Corp lifted its position in GXO Logistics by 1.9% in the 3rd quarter. State Street Corp now owns 3,631,328 shares of the company’s stock valued at $189,083,000 after acquiring an additional 66,232 shares in the last quarter. Fort Pitt Capital Group LLC lifted its position in GXO Logistics by 2.1% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 2,467,814 shares of the company’s stock valued at $128,499,000 after acquiring an additional 51,208 shares in the last quarter. Swedbank AB lifted its position in 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 in the last quarter. Geode Capital Management LLC lifted its position in GXO Logistics by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,982,920 shares of the company’s stock worth $103,279,000 after buying an additional 29,992 shares in the last quarter. Finally, River Road Asset Management LLC lifted its position in GXO Logistics by 40.4% during the 3rd quarter. River Road Asset Management LLC now owns 1,308,532 shares of the company’s stock worth $68,135,000 after buying an additional 376,704 shares in the last quarter. 90.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

GXO has been the topic of several analyst reports. UBS Group cut 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. TD Cowen boosted their price target on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Wells Fargo & Company cut their price target on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. 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 research report on Thursday, February 13th. Finally, The Goldman Sachs Group lowered their price objective 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. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, GXO Logistics currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.62.

GXO Logistics Stock Down 1.4 %

Shares of GXO opened at $39.34 on Friday. GXO Logistics, Inc. has a 52 week low of $34.51 and a 52 week high of $63.33. The firm has a market cap of $4.70 billion, a P/E ratio of 35.12, a price-to-earnings-growth ratio of 1.34 and a beta of 1.60. The firm’s 50-day simple moving average is $43.49 and its 200 day simple moving average is $50.42. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83.

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

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.