1,069,503 Shares in GXO Logistics, Inc. (NYSE:GXO) Acquired by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. bought a new stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,069,503 shares of the company's stock, valued at approximately $46,523,000. Alyeska Investment Group L.P. owned approximately 0.90% of GXO Logistics as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of GXO. Arizona State Retirement System grew its stake in shares of GXO Logistics by 0.8% in the fourth quarter. Arizona State Retirement System now owns 34,671 shares of the company's stock worth $1,508,000 after acquiring an additional 281 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in GXO Logistics by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 51,616 shares of the company's stock valued at $2,245,000 after purchasing an additional 330 shares during the period. Pacer Advisors Inc. grew its position in GXO Logistics by 1.1% in the 4th quarter. Pacer Advisors Inc. now owns 30,815 shares of the company's stock worth $1,340,000 after purchasing an additional 338 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of GXO Logistics by 33.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company's stock worth $60,000 after purchasing an additional 348 shares during the period. Finally, Belpointe Asset Management LLC raised its position in shares of GXO Logistics by 8.9% during the fourth quarter. Belpointe Asset Management LLC now owns 5,728 shares of the company's stock valued at $249,000 after buying an additional 470 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company's stock.

GXO Logistics Price Performance

Shares of NYSE:GXO traded up $0.28 during trading on Friday, reaching $39.99. The stock had a trading volume of 500,308 shares, compared to its average volume of 1,257,301. The stock has a market capitalization of $4.68 billion, a PE ratio of 35.71, a P/E/G ratio of 1.34 and a beta of 1.56. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. GXO Logistics, Inc. has a 52 week low of $30.46 and a 52 week high of $63.33. The business's 50-day moving average price is $37.06 and its 200 day moving average price is $45.00.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. The business's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. As a group, equities analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GXO. Loop Capital lowered GXO Logistics from a "buy" rating to a "hold" rating and lowered their price target for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. Barclays lowered their price objective on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. UBS Group cut their target price on GXO Logistics from $72.00 to $50.00 and set a "buy" rating for the company in a research note on Friday, February 14th. The Goldman Sachs Group decreased their price target on shares of GXO Logistics from $63.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Finally, Oppenheimer dropped 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. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $54.57.

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.