Eminence Capital LP Has $50.52 Million Stake in GXO Logistics, Inc. (NYSE:GXO)

Eminence Capital LP lessened its stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 35.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,161,460 shares of the company's stock after selling 634,999 shares during the quarter. Eminence Capital LP owned about 0.97% of GXO Logistics worth $50,524,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of GXO Logistics during the 4th quarter worth approximately $41,000. Summit Securities Group LLC grew its position in shares of GXO Logistics by 870.9% during the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock worth $44,000 after buying an additional 897 shares during the period. Quarry LP grew its position in shares of 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 buying an additional 1,148 shares during the period. R Squared Ltd acquired a new stake in shares of GXO Logistics during the 4th quarter worth approximately $54,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of GXO Logistics during the 3rd quarter worth approximately $71,000. Institutional investors and hedge funds own 90.67% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GXO shares. Truist Financial lowered their price target on shares of GXO Logistics from $40.00 to $35.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company reduced their price objective on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Morgan Stanley reduced their price objective on shares of GXO Logistics from $63.00 to $57.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Citigroup reduced their price objective on shares of GXO Logistics from $51.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group reduced their price objective 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. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $54.57.

GXO Logistics Stock Up 4.8%

Shares of GXO stock traded up $1.90 during trading on Monday, reaching $41.56. The company's stock had a trading volume of 482,847 shares, compared to its average volume of 1,257,217. The business has a fifty day moving average price of $37.11 and a 200-day moving average price of $44.62. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 37.09, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last announced 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. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.94 billion. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. The firm's revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current 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.