Maven Securities LTD Buys New Shares in GXO Logistics, Inc. (NYSE:GXO)

Maven Securities LTD acquired a new position in GXO Logistics, Inc. (NYSE:GXO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,500 shares of the company's stock, valued at approximately $326,000.

Several other hedge funds have also recently made changes to their positions in GXO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in GXO Logistics by 5.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,733 shares of the company's stock worth $1,326,000 after purchasing an additional 1,637 shares in the last quarter. Moore Capital Management LP grew its holdings in shares of GXO Logistics by 45.1% during the fourth quarter. Moore Capital Management LP now owns 174,126 shares of the company's stock valued at $7,574,000 after buying an additional 54,126 shares during the last quarter. Lagoda Investment Management L.P. grew its holdings in shares of GXO Logistics by 1.3% during the fourth quarter. Lagoda Investment Management L.P. now owns 136,315 shares of the company's stock valued at $5,930,000 after buying an additional 1,810 shares during the last quarter. J. Goldman & Co LP purchased a new stake in shares of GXO Logistics during the fourth quarter valued at approximately $23,080,000. Finally, Jefferies Financial Group Inc. lifted its holdings in shares of GXO Logistics by 740.0% during the fourth quarter. Jefferies Financial Group Inc. now owns 62,753 shares of the company's stock valued at $2,730,000 after purchasing an additional 55,282 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Stock Performance

GXO Logistics stock traded down $0.91 during mid-day trading on Monday, hitting $41.37. The company had a trading volume of 288,958 shares, compared to its average volume of 1,561,157. GXO Logistics, Inc. has a 12-month low of $30.46 and a 12-month high of $63.33. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 36.93, a P/E/G ratio of 1.34 and a beta of 1.56. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. The company's fifty day moving average is $37.44 and its 200-day moving average is $43.94.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its 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 return on equity of 11.16% and a net margin of 1.14%. The company had revenue of $2.98 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same period in the prior year, the business earned $0.45 EPS. The firm's quarterly revenue was up 21.2% on a year-over-year basis. Equities research analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Analyst Ratings Changes

GXO has been the topic of several recent analyst reports. Citigroup dropped their price objective 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. Morgan Stanley dropped 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. Wells Fargo & Company dropped 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 dropped their price objective on shares of GXO Logistics from $67.00 to $55.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Finally, Truist Financial dropped their price objective on shares of GXO Logistics from $40.00 to $35.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Five investment 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 company presently has an average rating of "Moderate Buy" and an average target price of $54.57.

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.