RD Lewis Holdings Inc. Takes Position in GXO Logistics, Inc. (NYSE:GXO)

RD Lewis Holdings Inc. acquired a new stake in GXO Logistics, Inc. (NYSE:GXO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,479 shares of the company’s stock, valued at approximately $237,000.

A number of other institutional investors have also modified their holdings of GXO. R Squared Ltd acquired a new position in shares of GXO Logistics in the fourth quarter valued at approximately $54,000. Nomura Asset Management Co. Ltd. increased its position in GXO Logistics by 33.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock worth $60,000 after purchasing an additional 290 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in GXO Logistics by 213.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock worth $60,000 after purchasing an additional 933 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in GXO Logistics during the third quarter worth approximately $71,000. Finally, Brooklyn Investment Group acquired a new position in GXO Logistics during the third quarter worth approximately $106,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Price Performance

Shares of GXO stock opened at $41.26 on Tuesday. GXO Logistics, Inc. has a twelve month low of $34.51 and a twelve month high of $63.33. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $4.93 billion, a PE ratio of 36.83, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62. The firm has a fifty day simple moving average of $42.01 and a 200-day simple moving average of $49.37.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data 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%. Equities research analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on GXO shares. Loop Capital lowered shares of GXO Logistics from a “buy” rating to a “hold” rating and dropped their price target for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. Morgan Stanley dropped their price target on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of GXO Logistics in a research note on Friday, March 7th. They set a “hold” rating and a $45.00 price objective for the company. Barclays decreased their price objective on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Finally, Oppenheimer decreased their price objective on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, GXO Logistics currently has a consensus rating of “Moderate Buy” and an average target price of $55.60.

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.