GXO Logistics, Inc. (NYSE:GXO) Shares Acquired by KBC Group NV

KBC Group NV boosted its holdings in GXO Logistics, Inc. (NYSE:GXO) by 32.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,852 shares of the company’s stock after acquiring an additional 1,187 shares during the period. KBC Group NV’s holdings in GXO Logistics were worth $211,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GXO. DekaBank Deutsche Girozentrale purchased a new stake in GXO Logistics in the third quarter valued at approximately $28,000. UMB Bank n.a. boosted its position in shares of GXO Logistics by 111.4% during the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after buying an additional 331 shares during the period. Signaturefd LLC raised its holdings in shares of GXO Logistics by 37.2% in the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after buying an additional 249 shares during the period. Hara Capital LLC purchased a new stake in shares of GXO Logistics in the 3rd quarter valued at $50,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in GXO Logistics by 37.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock worth $54,000 after acquiring an additional 282 shares in the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GXO has been the subject of several research reports. TD Cowen lifted their target price on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Barclays cut their target price on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. The Goldman Sachs Group reduced their target price on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Citigroup began coverage on GXO Logistics in a research report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective on the stock. Finally, UBS Group increased their price objective on GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $63.46.

GXO Logistics Price Performance

GXO stock opened at $44.93 on Wednesday. The business has a 50 day moving average price of $46.71 and a 200 day moving average price of $51.52. 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 market cap of $5.37 billion, a price-to-earnings ratio of 49.92, a PEG ratio of 1.24 and a beta of 1.60. GXO Logistics, Inc. has a fifty-two week low of $41.38 and a fifty-two week high of $63.33.

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