Spruce House Investment Management LLC Has $91.35 Million Position in GXO Logistics, Inc. (NYSE:GXO)

Spruce House Investment Management LLC raised its holdings in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 133.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 3.4% of Spruce House Investment Management LLC's holdings, making the stock its 6th biggest position. Spruce House Investment Management LLC owned about 1.76% of GXO Logistics worth $91,350,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GXO. Murphy & Mullick Capital Management Corp bought a new position in GXO Logistics during the 4th quarter worth $41,000. Summit Securities Group LLC raised its stake in GXO Logistics by 870.9% in the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock worth $44,000 after purchasing an additional 897 shares in the last quarter. Quarry LP boosted its holdings in GXO Logistics by 1,334.9% in the 4th quarter. Quarry LP now owns 1,234 shares of the company's stock valued at $54,000 after purchasing an additional 1,148 shares during the period. R Squared Ltd acquired a new position in shares of GXO Logistics during the 4th quarter worth approximately $54,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of 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 purchasing an additional 933 shares during the period. 90.67% of the stock is owned by institutional investors.

GXO Logistics Trading Down 3.1%

GXO stock traded down $1.28 during trading on Wednesday, hitting $40.10. The company had a trading volume of 256,154 shares, compared to its average volume of 1,271,856. The stock has a market cap of $4.59 billion, a PE ratio of 35.98, a PEG ratio of 1.34 and a beta of 1.56. The business has a 50-day moving average of $37.55 and a 200-day moving average of $43.80. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. GXO Logistics, Inc. has a one year low of $30.46 and a one year high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the business earned $0.45 earnings per share. GXO Logistics's revenue for the quarter was up 21.2% on a year-over-year basis. Research analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on GXO shares. Morgan Stanley lowered 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. 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. Loop Capital downgraded GXO Logistics from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. UBS Group dropped their target price on shares of GXO Logistics from $72.00 to $50.00 and set a "buy" rating for the company in a report on Friday, February 14th. Finally, Truist Financial decreased their price target on shares of GXO Logistics from $40.00 to $35.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, GXO Logistics currently has an average rating of "Moderate Buy" and an average target price 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.