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

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

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased 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 in the last quarter. Clearbridge Investments LLC boosted its position in GXO Logistics by 3.8% during the 4th quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company's stock worth $183,924,000 after buying an additional 153,522 shares during the period. Dimensional Fund Advisors LP grew its holdings in GXO Logistics by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,798,170 shares of the company's stock worth $121,718,000 after acquiring an additional 50,682 shares during the last quarter. Kovitz Investment Group Partners LLC increased its position 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 valued at $114,036,000 after acquiring an additional 2,612,223 shares during the period. Finally, Swedbank AB increased its position in GXO Logistics by 13.9% in the 4th quarter. Swedbank AB now owns 2,050,000 shares of the company's stock valued at $89,175,000 after acquiring an additional 250,000 shares during the period. Institutional investors and hedge funds own 90.67% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft began coverage on GXO Logistics in a report on Friday, March 7th. They issued a "hold" rating and a $45.00 price objective for the company. UBS Group lowered 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. Citigroup reduced their target price on GXO Logistics from $51.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley decreased their target price on shares of GXO Logistics from $63.00 to $57.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Finally, Wells Fargo & Company dropped their price target on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $54.57.

GXO Logistics Stock Up 0.8%

NYSE GXO traded up $0.35 on Tuesday, hitting $42.13. 78,869 shares of the company were exchanged, compared to its average volume of 1,555,446. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. The company has a market cap of $4.82 billion, a PE ratio of 37.62, a PEG ratio of 1.34 and a beta of 1.56. The stock has a fifty day moving average of $37.51 and a 200-day moving average of $43.82. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.03. The company had revenue of $2.98 billion for the quarter, compared to analysts' expectations of $2.94 billion. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. The business's revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS. As a group, 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.