GXO Logistics, Inc. (NYSE:GXO) Holdings Lowered by Penn Capital Management Company LLC

Penn Capital Management Company LLC reduced its holdings in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 18.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 189,449 shares of the company's stock after selling 43,187 shares during the quarter. Penn Capital Management Company LLC owned 0.16% of GXO Logistics worth $8,241,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GXO. Adage Capital Partners GP L.L.C. bought a new position in GXO Logistics during the 4th quarter valued at $2,701,000. Pinebridge Investments L.P. grew its stake in GXO Logistics by 42.7% in the fourth quarter. Pinebridge Investments L.P. now owns 45,447 shares of the company's stock worth $1,977,000 after purchasing an additional 13,603 shares in the last quarter. Arvin Capital Management LP bought a new stake in GXO Logistics in the fourth quarter valued at about $9,505,000. Hsbc Holdings PLC raised its stake in GXO Logistics by 117.8% during the fourth quarter. Hsbc Holdings PLC now owns 23,486 shares of the company's stock valued at $1,021,000 after buying an additional 12,704 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in GXO Logistics by 45.3% during the 4th quarter. Stifel Financial Corp now owns 110,493 shares of the company's stock worth $4,807,000 after buying an additional 34,448 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GXO. Stifel Nicolaus reissued a "buy" rating and set a $66.00 price target (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GXO Logistics in a research report on Friday, March 7th. They set a "hold" rating and a $45.00 price objective for the company. Wells Fargo & Company cut their target price on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Citigroup lowered their target price on GXO Logistics from $51.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Barclays cut their price target 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. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $54.57.

GXO Logistics Price Performance

GXO traded down $0.26 during trading on Tuesday, reaching $35.68. The stock had a trading volume of 448,998 shares, compared to its average volume of 1,233,559. GXO Logistics, Inc. has a 1-year low of $30.46 and a 1-year 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. The stock has a 50 day moving average of $37.44 and a two-hundred day moving average of $46.16. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 31.78, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. As a group, equities analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

About GXO Logistics

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.