Eisler Capital Management Ltd. Has $5.60 Million Stake in GXO Logistics, Inc. $GXO

Key Points

• Eisler Capital Management Ltd. reduced its stake in GXO Logistics, Inc. by 22.5%, now holding 143,297 shares valued at approximately $5.60 million.
• Analysts have increased their price targets for GXO Logistics, with UBS Group raising it to $58.00 and CitiGroup to $59.00, indicating strong buy sentiments.
• GXO Logistics reported a revenue of $3.30 billion for the last quarter, exceeding analyst estimates and reflecting a 15.9% year-over-year increase.

Eisler Capital Management Ltd. lowered its position in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 22.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 143,297 shares of the company's stock after selling 41,703 shares during the period. Eisler Capital Management Ltd. owned 0.12% of GXO Logistics worth $5,599,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC increased its stake in shares of GXO Logistics by 2,460.7% in the 1st quarter. Larson Financial Group LLC now owns 717 shares of the company's stock valued at $28,000 after acquiring an additional 689 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of GXO Logistics by 57.0% in the 1st quarter. GAMMA Investing LLC now owns 832 shares of the company's stock valued at $33,000 after acquiring an additional 302 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of GXO Logistics in the 1st quarter valued at $34,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of GXO Logistics by 72.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company's stock valued at $37,000 after acquiring an additional 396 shares in the last quarter. Finally, Quarry LP increased its stake in shares of GXO Logistics by 1,334.9% in the 4th quarter. Quarry LP now owns 1,234 shares of the company's stock valued at $54,000 after acquiring an additional 1,148 shares in the last quarter. Institutional investors own 90.67% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on GXO shares. UBS Group boosted their price target on shares of GXO Logistics from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Citigroup boosted their price target on shares of GXO Logistics from $56.00 to $59.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Barclays boosted their price target on shares of GXO Logistics from $45.00 to $52.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Wells Fargo & Company boosted their price target on shares of GXO Logistics from $57.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Finally, Susquehanna boosted their price target on shares of GXO Logistics from $58.00 to $60.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $59.50.

GXO Logistics Stock Performance

NYSE GXO opened at $53.30 on Wednesday. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 100.57, a PEG ratio of 1.93 and a beta of 1.64. The company has a fifty day moving average price of $50.58 and a 200-day moving average price of $42.99. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.76 and a quick ratio of 0.76. 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 posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.09 billion. GXO Logistics had a net margin of 0.50% and a return on equity of 10.45%. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. As a group, equities research analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal 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.

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