J. Goldman & Co LP Purchases New Shares in GXO Logistics, Inc. (NYSE:GXO)

J. Goldman & Co LP acquired a new stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 530,585 shares of the company's stock, valued at approximately $23,080,000. J. Goldman & Co LP owned approximately 0.44% of GXO Logistics as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new stake in GXO Logistics during the 4th quarter valued at about $41,000. Summit Securities Group LLC raised its holdings in shares of GXO Logistics by 870.9% during the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock valued at $44,000 after purchasing an additional 897 shares during the last quarter. R Squared Ltd purchased a new position in shares of GXO Logistics during the fourth quarter valued at approximately $54,000. Quarry LP raised its holdings in shares of GXO Logistics by 1,334.9% during the fourth 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 last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised 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 valued at $60,000 after purchasing an additional 933 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GXO. Barclays decreased their price objective on shares of GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft started coverage on shares of GXO Logistics in a research report on Friday, March 7th. They set a "hold" rating and a $45.00 target price for the company. Loop Capital lowered shares of GXO Logistics from a "buy" rating to a "hold" rating and cut their target price for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. UBS Group cut their target price on shares of GXO Logistics from $72.00 to $50.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Finally, Stifel Nicolaus restated a "buy" rating and set a $66.00 target price (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.57.

GXO Logistics Price Performance

NYSE GXO traded up $0.37 on Wednesday, reaching $40.93. The company had a trading volume of 236,617 shares, compared to its average volume of 1,259,801. The stock has a market capitalization of $4.79 billion, a PE ratio of 36.74, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month 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 firm's 50 day moving average price is $37.20 and its 200 day moving average price is $44.45.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.26 by $0.03. The business 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 quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS. As a group, equities analysts predict 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.