Nomura Holdings Inc. Invests $717,000 in GXO Logistics, Inc. (NYSE:GXO)

Nomura Holdings Inc. bought a new stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 16,479 shares of the company's stock, valued at approximately $717,000.

A number of other hedge funds also recently bought and sold shares of GXO. Murphy & Mullick Capital Management Corp purchased a new position in GXO Logistics during the 4th quarter valued at about $41,000. Summit Securities Group LLC grew its stake in shares of GXO Logistics by 870.9% in 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 last quarter. R Squared Ltd purchased a new stake in shares of GXO Logistics in the 4th quarter worth approximately $54,000. Quarry LP lifted its position in 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. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in GXO Logistics by 33.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company's stock valued at $60,000 after acquiring an additional 348 shares in the last quarter. Hedge funds and other institutional investors own 90.67% of the company's stock.

GXO Logistics Stock Performance

Shares of NYSE GXO 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 50-day moving average of $37.50 and a two-hundred day moving average of $43.52. The firm has a market capitalization 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 quick ratio of 0.86 and a current ratio of 0.83. 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 released its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.03. The firm had revenue of $2.98 billion for the quarter, compared to analysts' expectations of $2.94 billion. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. The company's revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 EPS. On average, equities analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GXO. Loop Capital cut GXO Logistics from a "buy" rating to a "hold" rating and lowered their price objective for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Morgan Stanley lowered their price objective on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. 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 objective on the stock. Finally, UBS Group lowered their price objective on GXO Logistics from $72.00 to $50.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $54.57.

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.