Moore Capital Management LP Grows Position in GXO Logistics, Inc. (NYSE:GXO)

Moore Capital Management LP grew its holdings in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 45.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 174,126 shares of the company's stock after purchasing an additional 54,126 shares during the period. Moore Capital Management LP owned approximately 0.15% of GXO Logistics worth $7,574,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Lagoda Investment Management L.P. raised its holdings in GXO Logistics by 1.3% in the 4th quarter. Lagoda Investment Management L.P. now owns 136,315 shares of the company's stock worth $5,930,000 after acquiring an additional 1,810 shares during the last quarter. J. Goldman & Co LP purchased a new position in GXO Logistics in the 4th quarter worth approximately $23,080,000. Jefferies Financial Group Inc. raised its holdings in GXO Logistics by 740.0% in the 4th quarter. Jefferies Financial Group Inc. now owns 62,753 shares of the company's stock worth $2,730,000 after acquiring an additional 55,282 shares during the last quarter. Hudson Bay Capital Management LP raised its holdings in GXO Logistics by 1,700.0% in the 4th quarter. Hudson Bay Capital Management LP now owns 90,000 shares of the company's stock worth $3,915,000 after acquiring an additional 85,000 shares during the last quarter. Finally, Graham Capital Management L.P. purchased a new position in GXO Logistics in the 4th quarter worth approximately $783,000. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GXO shares. Wells Fargo & Company decreased their price objective 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GXO Logistics in a research report on Friday, March 7th. They issued a "hold" rating and a $45.00 target price for the company. 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. Truist Financial cut their target price on shares of GXO Logistics from $40.00 to $35.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Finally, Loop Capital downgraded shares of GXO Logistics from a "buy" rating to a "hold" rating and cut their target price for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.57.

GXO Logistics Stock Performance

Shares of GXO stock traded up $0.97 during mid-day trading on Friday, reaching $42.27. 1,414,560 shares of the company's stock traded hands, compared to its average volume of 1,271,726. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $63.33. The firm has a 50 day moving average price of $37.44 and a two-hundred day moving average price of $44.17. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. The firm has a market capitalization of $4.84 billion, a PE ratio of 37.74, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.03. The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. The company's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 EPS. On average, research analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current 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.