Foster Victor Wealth Advisors LLC Grows Stake in GXO Logistics, Inc. (NYSE:GXO)

Foster Victor Wealth Advisors LLC grew its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 25.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 136,872 shares of the company’s stock after acquiring an additional 27,435 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in GXO Logistics were worth $6,016,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Stifel Financial Corp grew its holdings in GXO Logistics by 95.8% during the third quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock valued at $3,960,000 after purchasing an additional 37,197 shares during the period. Douglas Lane & Associates LLC lifted its position in shares of GXO Logistics by 6.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock valued at $20,904,000 after buying an additional 31,015 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of GXO Logistics by 2.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company’s stock worth $26,153,000 after acquiring an additional 12,208 shares during the period. Tidal Investments LLC bought a new position in shares of GXO Logistics during the 3rd quarter worth $667,000. Finally, Barclays PLC increased its holdings in GXO Logistics by 28.9% in the 3rd quarter. Barclays PLC now owns 62,545 shares of the company’s stock worth $3,256,000 after acquiring an additional 14,020 shares during the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Performance

Shares of GXO opened at $45.87 on Wednesday. GXO Logistics, Inc. has a 12-month low of $41.38 and a 12-month high of $63.33. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. The company has a market cap of $5.48 billion, a PE ratio of 50.96, a price-to-earnings-growth ratio of 1.23 and a beta of 1.60. The stock has a 50-day moving average price of $48.20 and a 200-day moving average price of $51.84.

GXO Logistics (NYSE:GXO) last announced its earnings results on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. GXO Logistics’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 earnings per share. As a group, equities analysts forecast that GXO Logistics, Inc. will post 2.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on GXO. Citigroup assumed coverage on shares of GXO Logistics in a report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective on the stock. UBS Group upped their price target 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. The Goldman Sachs Group reduced 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. Oppenheimer increased their target price on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, TD Cowen lifted their price target on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $65.38.

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.