GXO Logistics, Inc. (NYSE:GXO) Shares Purchased by AXQ Capital LP

AXQ Capital LP increased its holdings in GXO Logistics, Inc. (NYSE:GXO) by 11.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,835 shares of the company’s stock after buying an additional 1,469 shares during the period. AXQ Capital LP’s holdings in GXO Logistics were worth $602,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Natixis Advisors LLC increased its stake in shares of GXO Logistics by 15.0% in the third quarter. Natixis Advisors LLC now owns 17,591 shares of the company’s stock worth $916,000 after acquiring an additional 2,288 shares during the period. Primecap Management Co. CA grew its position in GXO Logistics by 0.9% during the 3rd quarter. Primecap Management Co. CA now owns 229,500 shares of the company’s stock worth $11,950,000 after purchasing an additional 2,100 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of GXO Logistics by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,197,898 shares of the company’s stock valued at $62,375,000 after buying an additional 17,953 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of GXO Logistics by 31.5% in the 3rd quarter. Raymond James Trust N.A. now owns 25,373 shares of the company’s stock valued at $1,321,000 after buying an additional 6,078 shares during the period. Finally, Cerity Partners LLC raised its position in GXO Logistics by 3.7% during the third quarter. Cerity Partners LLC now owns 103,523 shares of the company’s stock valued at $5,390,000 after acquiring an additional 3,719 shares in the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GXO has been the topic of several recent research reports. Morgan Stanley lowered their price objective on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. UBS Group decreased their price objective 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. Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and cut their price objective for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. Finally, Barclays dropped their price objective on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.60.

GXO Logistics Trading Down 0.7 %

Shares of GXO Logistics stock opened at $40.39 on Friday. The stock has a 50 day moving average of $41.70 and a 200 day moving average of $49.12. 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 $4.83 billion, a price-to-earnings ratio of 36.06, a PEG ratio of 1.34 and a beta of 1.62. GXO Logistics, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $63.33.

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, topping 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%. As a group, research analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current 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.