Schonfeld Strategic Advisors LLC Purchases 20,446 Shares of GXO Logistics, Inc. (NYSE:GXO)

Schonfeld Strategic Advisors LLC raised its stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 79.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,069 shares of the company's stock after purchasing an additional 20,446 shares during the period. Schonfeld Strategic Advisors LLC's holdings in GXO Logistics were worth $2,004,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Arizona State Retirement System raised its position in GXO Logistics by 0.8% during the 4th quarter. Arizona State Retirement System now owns 34,671 shares of the company's stock worth $1,508,000 after purchasing an additional 281 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in GXO Logistics by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 51,616 shares of the company's stock worth $2,245,000 after acquiring an additional 330 shares during the period. Pacer Advisors Inc. grew its holdings in GXO Logistics by 1.1% during the 4th quarter. Pacer Advisors Inc. now owns 30,815 shares of the company's stock worth $1,340,000 after acquiring an additional 338 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in GXO Logistics by 33.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company's stock worth $60,000 after acquiring an additional 348 shares during the period. Finally, Belpointe Asset Management LLC grew its holdings in GXO Logistics by 8.9% during the 4th quarter. Belpointe Asset Management LLC now owns 5,728 shares of the company's stock worth $249,000 after acquiring an additional 470 shares during the period. 90.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GXO has been the subject of a number of recent analyst reports. Stifel Nicolaus reiterated a "buy" rating and set a $66.00 price target (down from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Morgan Stanley decreased their price target on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating for the company in a report on Friday, February 14th. The Goldman Sachs Group decreased their price target on GXO Logistics from $63.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft initiated coverage on GXO Logistics in a report on Friday, March 7th. They set a "hold" rating and a $45.00 price target for the company. Finally, Oppenheimer decreased their price target on GXO Logistics from $67.00 to $55.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Five 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 a consensus rating of "Moderate Buy" and an average price target of $54.57.

GXO Logistics Stock Down 0.1%

NYSE GXO traded down $0.04 during trading hours on Friday, hitting $39.67. The company's stock had a trading volume of 1,102,252 shares, compared to its average volume of 1,260,101. GXO Logistics, Inc. has a 52 week low of $30.46 and a 52 week high of $63.33. The company has a market capitalization of $4.64 billion, a PE ratio of 35.42, a price-to-earnings-growth 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 50-day simple moving average is $37.11 and its two-hundred day simple moving average is $44.62.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.03. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. The business had revenue of $2.98 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter last year, the firm earned $0.45 EPS. The firm's revenue for the quarter was up 21.2% compared to the same quarter last year. Research analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

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.