Two Sigma Investments LP Has $500,000 Stock Position in GXO Logistics, Inc. (NYSE:GXO)

Two Sigma Investments LP lowered its position in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 40.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,500 shares of the company's stock after selling 7,768 shares during the period. Two Sigma Investments LP's holdings in GXO Logistics were worth $500,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp bought a new stake in GXO Logistics during the fourth quarter worth approximately $41,000. Summit Securities Group LLC lifted its stake in shares of GXO Logistics by 870.9% in the fourth 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. Quarry LP lifted its stake in shares of GXO Logistics by 1,334.9% in the fourth quarter. Quarry LP now owns 1,234 shares of the company's stock worth $54,000 after buying an additional 1,148 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of GXO Logistics by 33.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company's stock worth $60,000 after buying an additional 348 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in GXO Logistics by 49.7% in the 4th quarter. Jones Financial Companies Lllp now owns 2,959 shares of the company's stock valued at $129,000 after buying an additional 983 shares during the last quarter. Institutional investors own 90.67% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on GXO. Stifel Nicolaus reiterated a "buy" rating and issued a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Morgan Stanley dropped their price objective on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. UBS Group cut their price objective on GXO Logistics from $72.00 to $50.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Barclays lowered their target price on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on GXO Logistics in a report on Friday, March 7th. They set a "hold" rating and a $45.00 price target for the company. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $54.57.

GXO Logistics Stock Performance

GXO traded up $1.30 during trading on Tuesday, reaching $44.07. 1,347,583 shares of the company's stock were exchanged, compared to its average volume of 1,280,492. The company has a market capitalization of $5.04 billion, a P/E ratio of 39.35, a PEG ratio of 1.34 and a beta of 1.59. The business has a 50 day moving average price of $37.80 and a 200 day moving average price of $41.88. GXO Logistics, Inc. has a fifty-two week low of $30.46 and a fifty-two week high of $63.33. 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. 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 business's revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 earnings per share. As a group, analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share 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.