Life Planning Partners Inc Boosts Stake in GXO Logistics, Inc. (NYSE:GXO)

Life Planning Partners Inc grew its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 4,250.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 263,393 shares of the company’s stock after acquiring an additional 257,338 shares during the quarter. Life Planning Partners Inc’s holdings in GXO Logistics were worth $11,458,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in GXO. Vaughan Nelson Investment Management L.P. purchased a new position in shares of GXO Logistics during the 4th quarter worth $47,626,000. Global Alpha Capital Management Ltd. acquired a new position in GXO Logistics in the third quarter valued at $32,434,000. Brown Brothers Harriman & Co. lifted its position in GXO Logistics by 105.0% during the third quarter. Brown Brothers Harriman & Co. now owns 968,267 shares of the company’s stock worth $50,418,000 after buying an additional 495,829 shares during the period. River Road Asset Management LLC lifted its position in GXO Logistics by 40.4% during the third 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 during the period. Finally, Swedbank AB boosted its stake in GXO Logistics by 13.9% in the 4th quarter. Swedbank AB now owns 2,050,000 shares of the company’s stock worth $89,175,000 after buying an additional 250,000 shares during the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GXO shares. Barclays cut their price objective 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. TD Cowen increased their price target on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group lowered their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Loop Capital lowered GXO Logistics from a “buy” rating to a “hold” rating and cut their target price for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. Finally, Oppenheimer lifted their target price on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.92.

GXO Logistics Price Performance

GXO stock opened at $36.44 on Friday. The company has a market capitalization of $4.35 billion, a PE ratio of 40.48, a P/E/G ratio of 1.19 and a beta of 1.60. The stock’s 50 day moving average is $44.61 and its two-hundred day moving average is $50.97. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. GXO Logistics, Inc. has a 52-week low of $34.51 and a 52-week high of $63.33.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. Analysts predict that GXO Logistics, Inc. will post 2.73 earnings per share 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.