Jefferies Financial Group Inc. Increases Holdings in GXO Logistics, Inc. (NYSE:GXO)

Jefferies Financial Group Inc. lifted its stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 740.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,753 shares of the company's stock after purchasing an additional 55,282 shares during the period. Jefferies Financial Group Inc. owned about 0.05% of GXO Logistics worth $2,730,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new stake in GXO Logistics in the fourth quarter valued at $41,000. Summit Securities Group LLC raised its stake in GXO Logistics by 870.9% in the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock valued at $44,000 after buying an additional 897 shares in the last quarter. Quarry LP raised its stake in GXO Logistics by 1,334.9% in the fourth quarter. Quarry LP now owns 1,234 shares of the company's stock valued at $54,000 after buying an additional 1,148 shares in the last quarter. R Squared Ltd acquired a new stake in GXO Logistics in the fourth quarter valued at $54,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in GXO Logistics by 213.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company's stock valued at $60,000 after buying an additional 933 shares in the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GXO. Wells Fargo & Company cut their target price on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Oppenheimer cut their target price on GXO Logistics from $67.00 to $55.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Stifel Nicolaus reiterated a "buy" rating and set a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Morgan Stanley cut their target price on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Finally, Citigroup cut their target price on GXO Logistics from $51.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $54.57.

GXO Logistics Stock Performance

GXO traded up $0.97 during trading on Friday, reaching $42.27. The company's stock had a trading volume of 1,414,560 shares, compared to its average volume of 1,271,726. GXO Logistics, Inc. has a 52-week low of $30.46 and a 52-week high of $63.33. The company's fifty day moving average price is $37.44 and its 200-day moving average price is $44.17. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 37.74, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.03. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. The company 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 company earned $0.45 EPS. The firm's revenue for the quarter was up 21.2% compared to the same quarter last year. On average, equities analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share 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.