Entropy Technologies LP acquired a new stake in shares of GXO Logistics, Inc. (NYSE:GXO – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 36,567 shares of the company’s stock, valued at approximately $1,925,000.
Several other institutional investors have also modified their holdings of GXO. WINTON GROUP Ltd purchased a new position in shares of GXO Logistics in the third quarter valued at approximately $11,960,000. Dimensional Fund Advisors LP increased its position in shares of GXO Logistics by 3.0% during the third quarter. Dimensional Fund Advisors LP now owns 4,206,334 shares of the company’s stock worth $222,473,000 after purchasing an additional 121,486 shares in the last quarter. William Blair Investment Management LLC raised its stake in GXO Logistics by 24.5% in the 3rd quarter. William Blair Investment Management LLC now owns 660,919 shares of the company’s stock valued at $34,956,000 after purchasing an additional 129,920 shares during the last quarter. Comerica Bank lifted its holdings in GXO Logistics by 76.2% in the 4th quarter. Comerica Bank now owns 122,446 shares of the company’s stock valued at $6,446,000 after purchasing an additional 52,950 shares in the last quarter. Finally, Penn Capital Management Company LLC lifted its holdings in GXO Logistics by 41.6% in the 3rd quarter. Penn Capital Management Company LLC now owns 317,342 shares of the company’s stock valued at $16,826,000 after purchasing an additional 93,286 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.
GXO Logistics Stock Performance
NYSE GXO opened at $50.18 on Tuesday. GXO Logistics, Inc. has a 1-year low of $42.49 and a 1-year high of $66.85. The stock has a 50-day moving average of $52.07 and a two-hundred day moving average of $54.56. The company has a market cap of $5.77 billion, a P/E ratio of 44.01, a P/E/G ratio of 1.65 and a beta of 1.56. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.85 and a quick ratio of 0.85.
Wall Street Analysts Forecast Growth
GXO has been the subject of a number of recent research reports. The Goldman Sachs Group cut shares of GXO Logistics from a “buy” rating to a “neutral” rating and set a $68.00 target price for the company. in a research report on Wednesday, March 4th. Stifel Nicolaus set a $71.00 target price on shares of GXO Logistics in a research note on Thursday, May 7th. Wall Street Zen upgraded GXO Logistics from a “hold” rating to a “buy” rating in a report on Sunday, May 31st. Morgan Stanley reaffirmed an “overweight” rating and issued a $75.00 price target on shares of GXO Logistics in a report on Tuesday, February 17th. Finally, Wells Fargo & Company lowered their price objective on GXO Logistics from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.92.
Check Out Our Latest Stock Report on GXO Logistics
About GXO Logistics
GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.
The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.
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