Point72 Hong Kong Ltd Makes New Investment in GXO Logistics, Inc. (NYSE:GXO)

Point72 Hong Kong Ltd purchased a new stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 66,464 shares of the company's stock, valued at approximately $2,891,000. Point72 Hong Kong Ltd owned about 0.06% of GXO Logistics at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of GXO Logistics by 28.9% in the 3rd quarter. Barclays PLC now owns 62,545 shares of the company's stock valued at $3,256,000 after acquiring an additional 14,020 shares during the last quarter. Kirr Marbach & Co. LLC IN raised its position in GXO Logistics by 57.1% in the 4th quarter. Kirr Marbach & Co. LLC IN now owns 155,720 shares of the company's stock worth $6,774,000 after purchasing an additional 56,581 shares during the period. Sterling Capital Management LLC raised its position in GXO Logistics by 55.5% in the 4th quarter. Sterling Capital Management LLC now owns 6,957 shares of the company's stock worth $303,000 after purchasing an additional 2,482 shares during the period. Proficio Capital Partners LLC purchased a new stake in GXO Logistics in the 4th quarter worth about $1,255,000. Finally, Raymond James Financial Inc. purchased a new stake in GXO Logistics in the 4th quarter worth about $20,905,000. Institutional investors own 90.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GXO. UBS Group reduced their price objective on shares of GXO Logistics from $72.00 to $50.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Oppenheimer cut 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. Stifel Nicolaus restated a "buy" rating and issued a $66.00 target price (down from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. Wells Fargo & Company lowered their price objective on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Finally, Truist Financial reduced their target price on shares of GXO Logistics from $40.00 to $35.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $54.57.

GXO Logistics Price Performance

NYSE:GXO traded down $0.78 during trading hours on Wednesday, hitting $40.61. 155,035 shares of the stock were exchanged, compared to its average volume of 1,271,386. GXO Logistics, Inc. has a 52-week low of $30.46 and a 52-week high of $63.33. The firm's fifty day moving average price is $37.55 and its 200 day moving average price is $43.80. 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 has a market cap of $4.65 billion, a P/E ratio of 36.24, 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 data on Wednesday, May 7th. The company reported $0.29 EPS for the quarter, topping 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 analyst estimates of $2.94 billion. During the same period in the previous year, the business earned $0.45 EPS. GXO Logistics's quarterly revenue was up 21.2% on a year-over-year basis. As a group, equities research analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

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.