Pinnbrook Capital Management LP Makes New $2.96 Million Investment in GXO Logistics, Inc. $GXO

Key Points

• Pinnbrook Capital bought a new stake of 55,988 shares in GXO during Q3, valued at about $2.96 million, and institutional investors now own roughly 90.67% of the company.
• Analysts have a consensus rating of "Moderate Buy" with an average price target of $69.17 (10 Buys, 2 Holds, 1 Sell).
• GXO recently beat estimates with $0.87 EPS vs. $0.83 expected and $3.51B in revenue, while the stock trades near $52.58 with a market cap of $6.03B and a high P/E of 175.25.

Pinnbrook Capital Management LP purchased a new stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 55,988 shares of the company's stock, valued at approximately $2,961,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Accredited Wealth Management LLC lifted its stake in shares of GXO Logistics by 1,100.0% in the third quarter. Accredited Wealth Management LLC now owns 600 shares of the company's stock worth $32,000 after buying an additional 550 shares in the last quarter. Chapman Financial Group LLC acquired a new position in GXO Logistics in the 2nd quarter valued at about $34,000. Farther Finance Advisors LLC lifted its holdings in GXO Logistics by 177.9% in the third quarter. Farther Finance Advisors LLC now owns 767 shares of the company's stock valued at $41,000 after acquiring an additional 491 shares during the last quarter. Quent Capital LLC purchased a new position in shares of GXO Logistics during the 3rd quarter worth $50,000. Finally, LRI Investments LLC boosted its stake in GXO Logistics by 128.0% during the third quarter. LRI Investments LLC now owns 1,156 shares of the company's stock worth $61,000 after buying an additional 649 shares during the period. Hedge funds and other institutional investors own 90.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Citigroup raised their price target on GXO Logistics from $66.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, February 11th. Wells Fargo & Company increased their price objective on shares of GXO Logistics from $65.00 to $70.00 and gave the company an "overweight" rating in a research report on Thursday, February 12th. Susquehanna reiterated a "positive" rating and issued a $82.00 price objective on shares of GXO Logistics in a report on Thursday, February 12th. The Goldman Sachs Group lowered shares of GXO Logistics from a "buy" rating to a "neutral" rating and set a $68.00 price target on the stock. in a research note on Wednesday, March 4th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $70.00 price target on shares of GXO Logistics in a research report on Thursday, February 12th. Ten investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, GXO Logistics presently has a consensus rating of "Moderate Buy" and an average price target of $69.17.

GXO Logistics Stock Performance

Shares of GXO stock opened at $52.58 on Friday. GXO Logistics, Inc. has a 12-month low of $30.46 and a 12-month high of $66.85. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.87. The stock has a 50 day simple moving average of $58.87 and a 200-day simple moving average of $54.60. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 175.25, a price-to-earnings-growth ratio of 1.78 and a beta of 1.62.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its earnings results on Tuesday, February 10th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. The company had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.48 billion. GXO Logistics had a net margin of 0.24% and a return on equity of 9.83%. The business's revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.00 EPS. On average, equities analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current year.

GXO Logistics Profile

GXO Logistics NYSE: GXO is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.

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