Northcape Capital Pty Ltd Has $1.01 Million Holdings in GXO Logistics, Inc. (NYSE:GXO)

Northcape Capital Pty Ltd trimmed its holdings in GXO Logistics, Inc. (NYSE:GXO) by 17.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 23,310 shares of the company’s stock after selling 4,785 shares during the period. GXO Logistics comprises 0.2% of Northcape Capital Pty Ltd’s holdings, making the stock its 24th biggest position. Northcape Capital Pty Ltd’s holdings in GXO Logistics were worth $1,014,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new position in shares of GXO Logistics in the third quarter valued at $28,000. UMB Bank n.a. raised its holdings in GXO Logistics by 111.4% in the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company’s stock valued at $33,000 after acquiring an additional 331 shares in the last quarter. Signaturefd LLC lifted its stake in GXO Logistics by 37.2% during the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after purchasing an additional 249 shares during the last quarter. Hara Capital LLC acquired a new position in GXO Logistics during the 3rd quarter worth approximately $50,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position 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 during the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Susquehanna decreased their price objective on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a report on Thursday, September 26th. Barclays dropped their price objective on 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. UBS Group raised their target price on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Oppenheimer increased their price target on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, Citigroup began coverage on shares of GXO Logistics in a research report on Wednesday, October 9th. They set a “buy” rating and a $60.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.33.

GXO Logistics Stock Performance

NYSE:GXO opened at $45.53 on Wednesday. The company has a market capitalization of $5.44 billion, a P/E ratio of 50.59, a P/E/G ratio of 1.47 and a beta of 1.60. The business has a fifty day simple moving average of $52.74 and a two-hundred day simple moving average of $52.37. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. GXO Logistics, Inc. has a 1 year low of $41.38 and a 1 year high of $63.33.

GXO Logistics (NYSE:GXO) last announced 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. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS. On average, analysts expect that GXO Logistics, Inc. will post 2.76 earnings per share for the current 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.