Hudson Bay Capital Management LP Has $3.92 Million Stake in GXO Logistics, Inc. (NYSE:GXO)

Hudson Bay Capital Management LP lifted its stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 1,700.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,000 shares of the company's stock after buying an additional 85,000 shares during the period. Hudson Bay Capital Management LP owned approximately 0.08% of GXO Logistics worth $3,915,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Barclays PLC lifted its position in shares of GXO Logistics by 28.9% during the 3rd quarter. Barclays PLC now owns 62,545 shares of the company's stock valued at $3,256,000 after acquiring an additional 14,020 shares during the period. Kirr Marbach & Co. LLC IN raised its stake in GXO Logistics by 57.1% in the fourth quarter. Kirr Marbach & Co. LLC IN now owns 155,720 shares of the company's stock valued at $6,774,000 after purchasing an additional 56,581 shares in the last quarter. Sterling Capital Management LLC lifted its position in GXO Logistics by 55.5% during the fourth quarter. Sterling Capital Management LLC now owns 6,957 shares of the company's stock worth $303,000 after purchasing an additional 2,482 shares during the period. Proficio Capital Partners LLC acquired a new stake in GXO Logistics during the fourth quarter worth about $1,255,000. Finally, Raymond James Financial Inc. bought a new position in GXO Logistics in the 4th quarter valued at about $20,905,000. Institutional investors and hedge funds own 90.67% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GXO shares. Wells Fargo & Company cut their price target on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a report on Friday, February 14th. The Goldman Sachs Group cut their target price on GXO Logistics from $63.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Truist Financial decreased their price target on GXO Logistics from $40.00 to $35.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Morgan Stanley lowered their price target on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Finally, Barclays reduced their price objective on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. Five research 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, GXO Logistics presently has an average rating of "Moderate Buy" and a consensus price target of $54.57.

GXO Logistics Stock Up 2.7%

Shares of NYSE GXO opened at $40.72 on Tuesday. The company has a 50 day simple moving average of $37.16 and a 200 day simple moving average of $44.48. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. GXO Logistics, Inc. has a 1 year low of $30.46 and a 1 year high of $63.33. The firm has a market cap of $4.77 billion, a PE ratio of 36.36, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly 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 firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the firm earned $0.45 earnings per share. The company's revenue for the quarter was up 21.2% on a year-over-year basis. On average, research analysts forecast that GXO Logistics, Inc. will post 2.49 EPS 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.

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