Jefferies Financial Group Inc. Acquires 55,282 Shares of GXO Logistics, Inc. (NYSE:GXO)

Jefferies Financial Group Inc. increased its stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 740.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 62,753 shares of the company's stock after purchasing an additional 55,282 shares during the quarter. Jefferies Financial Group Inc. owned approximately 0.05% of GXO Logistics worth $2,730,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in GXO Logistics by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company's stock worth $492,977,000 after purchasing an additional 212,254 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in GXO Logistics by 3.8% in the 4th quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company's stock worth $183,924,000 after purchasing an additional 153,522 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in GXO Logistics by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,798,170 shares of the company's stock worth $121,718,000 after purchasing an additional 50,682 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in GXO Logistics by 28,112.6% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company's stock worth $114,036,000 after purchasing an additional 2,612,223 shares during the last quarter. Finally, Spruce House Investment Management LLC lifted its holdings in GXO Logistics by 133.3% in the 4th quarter. Spruce House Investment Management LLC now owns 2,100,000 shares of the company's stock worth $91,350,000 after purchasing an additional 1,200,000 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on GXO shares. Deutsche Bank Aktiengesellschaft began coverage on GXO Logistics in a research report on Friday, March 7th. They issued a "hold" rating and a $45.00 price target on the stock. Citigroup cut 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 cut their price target on GXO Logistics from $67.00 to $55.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. UBS Group cut their price target on GXO Logistics from $72.00 to $50.00 and set a "buy" rating for the company in a report on Friday, February 14th. Finally, Wells Fargo & Company cut their price target on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Five 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 stock has an average rating of "Moderate Buy" and an average target price of $54.57.

GXO Logistics Price Performance

NYSE:GXO traded down $0.49 during trading hours on Friday, reaching $41.16. The company had a trading volume of 1,170,985 shares, compared to its average volume of 1,281,614. The stock has a 50-day moving average of $37.55 and a two-hundred day moving average of $42.73. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $63.33. The firm has a market capitalization of $4.71 billion, a PE ratio of 36.75, a PEG ratio of 1.34 and a beta of 1.56. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share for the quarter, beating 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 firm had revenue of $2.98 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same period in the prior year, the business posted $0.45 earnings per share. The business's revenue was up 21.2% compared to the same quarter last year. Analysts forecast 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.