Driehaus Capital Management LLC Acquires 26,099 Shares of GXO Logistics, Inc. (NYSE:GXO)

Driehaus Capital Management LLC raised its stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 22.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,320 shares of the company's stock after purchasing an additional 26,099 shares during the period. Driehaus Capital Management LLC owned 0.12% of GXO Logistics worth $6,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Murphy & Mullick Capital Management Corp purchased a new position in GXO Logistics during the 4th quarter worth $41,000. Summit Securities Group LLC lifted its holdings in GXO Logistics by 870.9% during 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 in the last quarter. R Squared Ltd acquired a new position in shares of GXO Logistics during the fourth quarter valued at approximately $54,000. Quarry LP raised its holdings in shares of GXO Logistics by 1,334.9% during the fourth quarter. Quarry LP now owns 1,234 shares of the company's stock valued at $54,000 after acquiring an additional 1,148 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of GXO Logistics by 213.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company's stock valued at $60,000 after purchasing an additional 933 shares during the last quarter. Institutional investors own 90.67% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Citigroup cut their target price on GXO Logistics from $51.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Barclays decreased their price target on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. Loop Capital downgraded shares of GXO Logistics from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. Wells Fargo & Company decreased their target price on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Finally, UBS Group dropped their price objective on shares of GXO Logistics from $72.00 to $50.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $54.57.

GXO Logistics Stock Up 0.5%

Shares of NYSE:GXO traded up $0.21 during midday trading on Thursday, hitting $41.28. 489,263 shares of the stock were exchanged, compared to its average volume of 1,263,754. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. GXO Logistics, Inc. has a 52-week low of $30.46 and a 52-week high of $63.33. The business's fifty day simple moving average is $37.26 and its two-hundred day simple moving average is $44.43. The company has a market capitalization of $4.83 billion, a PE ratio of 36.86, a P/E/G ratio of 1.34 and a beta of 1.56.

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

GXO Logistics 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.