Graham Capital Management L.P. Acquires New Stake in GXO Logistics, Inc. (NYSE:GXO)

Graham Capital Management L.P. acquired a new position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 18,000 shares of the company's stock, valued at approximately $783,000.

A number of other large investors also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new position in GXO Logistics during the fourth quarter worth about $41,000. Summit Securities Group LLC raised its stake in shares of GXO Logistics by 870.9% during 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 in the last quarter. R Squared Ltd acquired a new stake in shares of GXO Logistics in the 4th quarter valued at approximately $54,000. Quarry LP boosted 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 valued at $54,000 after buying an additional 1,148 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in GXO Logistics by 213.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company's stock worth $60,000 after acquiring an additional 933 shares during the period. Hedge funds and other institutional investors own 90.67% of the company's stock.

GXO Logistics Stock Performance

NYSE GXO opened at $40.95 on Thursday. 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, Inc. has a fifty-two week low of $30.46 and a fifty-two week high of $63.33. The business has a fifty day moving average of $37.26 and a 200-day moving average of $44.43. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 36.56, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its 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 during the quarter, compared to the consensus estimate of $2.94 billion. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. The firm's revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 EPS. As a group, analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on GXO. Stifel Nicolaus reissued 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. Truist Financial cut their price target on shares of GXO Logistics from $40.00 to $35.00 and set a "hold" rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group decreased their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. UBS Group lowered their target price on shares of GXO Logistics from $72.00 to $50.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Finally, Barclays reduced their price target on shares of GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating for the company in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $54.57.

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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