Oxford Asset Management LLP Acquires New Position in GXO Logistics, Inc. (NYSE:GXO)

Oxford Asset Management LLP purchased a new position in GXO Logistics, Inc. (NYSE:GXO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,737 shares of the company's stock, valued at approximately $337,000.

Several other hedge funds have also made changes to their positions in GXO. Murphy & Mullick Capital Management Corp purchased a new position in shares of GXO Logistics during the 4th quarter worth about $41,000. Summit Securities Group LLC grew its stake 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 acquiring an additional 897 shares in the last quarter. R Squared Ltd purchased a new position in GXO Logistics in the fourth quarter valued at about $54,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of GXO Logistics during the third quarter worth approximately $71,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of 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 buying an additional 933 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company's stock.

GXO Logistics Price Performance

Shares of NYSE GXO traded up $1.35 during mid-day trading on Friday, reaching $37.52. 812,889 shares of the company traded hands, compared to its average volume of 1,244,237. The stock has a fifty day simple moving average of $37.24 and a 200-day simple moving average of $45.84. 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 firm has a market cap of $4.39 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. GXO Logistics, Inc. has a fifty-two week low of $30.46 and a fifty-two week high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. Equities research analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GXO shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GXO Logistics in a research report on Friday, March 7th. They set a "hold" rating and a $45.00 price target on the stock. Barclays lowered their price target on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. UBS Group reduced their price objective on GXO Logistics from $72.00 to $50.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Truist Financial lowered 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 note on Thursday, April 24th. Finally, Oppenheimer reduced their price target 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. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.