GXO Logistics, Inc. (NYSE:GXO) Shares Bought by Spruce House Investment Management LLC

Spruce House Investment Management LLC grew its holdings in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 133.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,100,000 shares of the company's stock after purchasing an additional 1,200,000 shares during the quarter. GXO Logistics makes up about 3.4% of Spruce House Investment Management LLC's investment portfolio, making the stock its 6th biggest position. Spruce House Investment Management LLC owned 1.76% of GXO Logistics worth $91,350,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Barclays PLC lifted its stake in shares of GXO Logistics by 28.9% during the 3rd quarter. Barclays PLC now owns 62,545 shares of the company's stock worth $3,256,000 after purchasing an additional 14,020 shares during the period. Kirr Marbach & Co. LLC IN lifted its stake in shares of GXO Logistics by 57.1% during the 4th quarter. Kirr Marbach & Co. LLC IN now owns 155,720 shares of the company's stock worth $6,774,000 after purchasing an additional 56,581 shares during the period. Sterling Capital Management LLC increased its holdings in shares of GXO Logistics by 55.5% during the 4th quarter. Sterling Capital Management LLC now owns 6,957 shares of the company's stock worth $303,000 after buying an additional 2,482 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of GXO Logistics during the 4th quarter worth $1,255,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of GXO Logistics during the 4th quarter worth $20,905,000. Hedge funds and other institutional investors own 90.67% of the company's stock.

GXO Logistics Stock Down 1.2%

NYSE GXO traded down $0.52 during trading hours on Monday, hitting $41.75. The company had a trading volume of 1,230,891 shares, compared to its average volume of 1,275,131. The firm's 50 day moving average is $37.44 and its 200 day moving average is $43.94. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 37.28, a P/E/G ratio of 1.34 and a beta of 1.56. GXO Logistics, Inc. has a fifty-two week low of $30.46 and a fifty-two week high of $63.33.

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 company had revenue of $2.98 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm earned $0.45 earnings per share. Sell-side analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GXO has been the subject of a number of research analyst reports. Citigroup dropped their price objective on GXO Logistics from $51.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Barclays dropped their price objective on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. Stifel Nicolaus restated a "buy" rating and set a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Truist Financial dropped their price objective on GXO Logistics from $40.00 to $35.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Finally, Wells Fargo & Company dropped their price objective on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.