Burren Capital Advisors Ltd Invests $561,000 in GXO Logistics, Inc. (NYSE:GXO)

Burren Capital Advisors Ltd acquired a new stake in GXO Logistics, Inc. (NYSE:GXO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 12,904 shares of the company’s stock, valued at approximately $561,000. GXO Logistics comprises 2.7% of Burren Capital Advisors Ltd’s investment portfolio, making the stock its 12th largest holding.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vaughan Nelson Investment Management L.P. bought a new position in GXO Logistics during the fourth quarter valued at about $47,626,000. Global Alpha Capital Management Ltd. bought a new position in shares of GXO Logistics in the 3rd quarter valued at approximately $32,434,000. Brown Brothers Harriman & Co. raised its stake in shares of GXO Logistics by 105.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 968,267 shares of the company’s stock valued at $50,418,000 after acquiring an additional 495,829 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in GXO Logistics in the 4th quarter worth approximately $20,905,000. Finally, Life Planning Partners Inc boosted its position in GXO Logistics by 4,250.0% during the fourth quarter. Life Planning Partners Inc now owns 263,393 shares of the company’s stock worth $11,458,000 after purchasing an additional 257,338 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Trading Down 0.7 %

Shares of GXO Logistics stock opened at $38.12 on Friday. GXO Logistics, Inc. has a 12-month low of $34.51 and a 12-month high of $63.33. The stock has a market capitalization of $4.56 billion, a P/E ratio of 34.03, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62. The company has a 50-day simple moving average of $42.67 and a 200 day simple moving average of $49.87. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. Research analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Barclays lowered their target price on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company lowered their price target 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. UBS Group cut their price objective on GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Loop Capital downgraded GXO Logistics from a “buy” rating to a “hold” rating and decreased their target price for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft began coverage on GXO Logistics in a research report on Friday. They issued a “hold” rating and a $45.00 price target on the stock. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $56.71.

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.