Capstone Investment Advisors LLC Makes New $20.54 Million Investment in GXO Logistics, Inc. (NYSE:GXO)

Capstone Investment Advisors LLC acquired a new position in GXO Logistics, Inc. (NYSE:GXO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 472,145 shares of the company's stock, valued at approximately $20,538,000. Capstone Investment Advisors LLC owned 0.40% of GXO Logistics as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp acquired a new position in shares of GXO Logistics in the fourth quarter worth $41,000. Summit Securities Group LLC boosted its holdings in GXO Logistics by 870.9% in the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock valued at $44,000 after purchasing an additional 897 shares during the period. R Squared Ltd acquired a new position in GXO Logistics during the 4th quarter worth $54,000. Quarry LP increased its holdings in GXO Logistics by 1,334.9% during the 4th quarter. Quarry LP now owns 1,234 shares of the company's stock worth $54,000 after purchasing an additional 1,148 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in GXO Logistics by 213.5% during the 4th 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 period. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

GXO Logistics Stock Performance

GXO Logistics stock traded up $1.62 during mid-day trading on Thursday, reaching $39.70. The company's stock had a trading volume of 1,977,072 shares, compared to its average volume of 1,260,201. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. GXO Logistics, Inc. has a twelve month low of $30.46 and a twelve month high of $63.33. The business has a 50 day moving average price of $37.03 and a 200-day moving average price of $45.16. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 35.44, a PEG ratio of 1.34 and a beta of 1.56.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.03. The business had revenue of $2.98 billion during the quarter, compared to analyst estimates 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 firm posted $0.45 EPS. Sell-side analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on GXO shares. Truist Financial dropped their price objective on shares of GXO Logistics from $40.00 to $35.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Loop Capital lowered GXO Logistics from a "buy" rating to a "hold" rating and dropped their target price for the company from $71.00 to $49.00 in a report on Monday, February 3rd. Citigroup decreased their price target on GXO Logistics from $51.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Oppenheimer lowered their price objective on GXO Logistics from $67.00 to $55.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Finally, Barclays cut their target price 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. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $54.57.

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.