Jefferies Financial Group Inc. Purchases 55,282 Shares of GXO Logistics, Inc. (NYSE:GXO)

Jefferies Financial Group Inc. grew its holdings in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 740.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 62,753 shares of the company's stock after buying an additional 55,282 shares during the quarter. Jefferies Financial Group Inc. owned approximately 0.05% of GXO Logistics worth $2,730,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of GXO Logistics during the fourth quarter worth approximately $41,000. Summit Securities Group LLC raised its position 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 worth $44,000 after acquiring an additional 897 shares during the last quarter. R Squared Ltd acquired a new position in shares of GXO Logistics during the fourth quarter valued at $54,000. Quarry LP boosted its holdings 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 acquiring an additional 1,148 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position 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 worth $60,000 after purchasing an additional 933 shares during the period. 90.67% of the stock is owned by institutional investors.

GXO Logistics Price Performance

NYSE:GXO traded down $1.02 during trading hours on Monday, reaching $41.25. 212,834 shares of the company were exchanged, compared to its average volume of 1,271,196. The business has a 50 day moving average of $37.44 and a 200 day moving average of $43.94. GXO Logistics, Inc. has a 1-year low of $30.46 and a 1-year high of $63.33. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. The company has a market capitalization of $4.72 billion, a P/E ratio of 36.79, a P/E/G ratio of 1.34 and a beta of 1.56.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 EPS 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 business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the firm earned $0.45 earnings per share. GXO Logistics's revenue for the quarter was up 21.2% compared to the same quarter last year. Research analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Oppenheimer cut their target price on shares of GXO Logistics from $67.00 to $55.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Barclays reduced their price objective on shares of 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. Deutsche Bank Aktiengesellschaft assumed 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. Citigroup decreased their price objective on GXO Logistics from $51.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, 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 note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus 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.