Teza Capital Management LLC Takes $302,000 Position in GXO Logistics, Inc. (NYSE:GXO)

Teza Capital Management LLC bought a new stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,952 shares of the company's stock, valued at approximately $302,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Wyoming purchased a new position in shares of GXO Logistics in the fourth quarter worth $133,000. Spruce House Investment Management LLC raised its holdings in shares of GXO Logistics by 133.3% in the fourth quarter. Spruce House Investment Management LLC now owns 2,100,000 shares of the company's stock worth $91,350,000 after buying an additional 1,200,000 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of GXO Logistics in the fourth quarter worth $2,891,000. Quantinno Capital Management LP raised its holdings in shares of GXO Logistics by 32.8% in the fourth quarter. Quantinno Capital Management LP now owns 6,901 shares of the company's stock worth $300,000 after buying an additional 1,704 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new position in shares of GXO Logistics in the fourth quarter worth $717,000. Hedge funds and other institutional investors own 90.67% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on GXO. Truist Financial decreased their price target on shares of GXO Logistics from $40.00 to $35.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Morgan Stanley decreased their price target on shares of GXO Logistics from $63.00 to $57.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Citigroup decreased their price target on shares of GXO Logistics from $51.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Loop Capital cut shares of GXO Logistics from a "buy" rating to a "hold" rating and reduced their target price for the stock from $71.00 to $49.00 in a report on Monday, February 3rd. Finally, Wells Fargo & Company reduced their target price on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, GXO Logistics presently has a consensus rating of "Moderate Buy" and an average price target of $54.57.

GXO Logistics Stock Performance

GXO stock traded down $0.80 during midday trading on Friday, hitting $39.64. 580,789 shares of the stock traded hands, compared to its average volume of 1,274,131. The firm has a market cap of $4.53 billion, a P/E ratio of 35.39, a PEG 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. The stock's fifty day simple moving average is $37.50 and its 200-day simple moving average is $43.52. GXO Logistics, Inc. has a 1-year low of $30.46 and a 1-year high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.26 by $0.03. The company 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 was up 21.2% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share. On average, analysts expect that GXO Logistics, Inc. will post 2.49 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.