Maven Securities LTD Invests $326,000 in GXO Logistics, Inc. (NYSE:GXO)

Maven Securities LTD acquired a new stake in GXO Logistics, Inc. (NYSE:GXO) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 7,500 shares of the company’s stock, valued at approximately $326,000.

A number of other institutional investors have also made changes to their positions in the business. Arizona State Retirement System increased its stake in GXO Logistics by 0.8% in the 4th quarter. Arizona State Retirement System now owns 34,671 shares of the company’s stock valued at $1,508,000 after buying an additional 281 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of GXO Logistics by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 51,616 shares of the company’s stock valued at $2,245,000 after acquiring an additional 330 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of GXO Logistics by 1.1% in the fourth quarter. Pacer Advisors Inc. now owns 30,815 shares of the company’s stock valued at $1,340,000 after acquiring an additional 338 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in GXO Logistics by 33.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company’s stock valued at $60,000 after purchasing an additional 348 shares during the last quarter. Finally, Belpointe Asset Management LLC grew its stake in GXO Logistics by 8.9% in the fourth quarter. Belpointe Asset Management LLC now owns 5,728 shares of the company’s stock valued at $249,000 after purchasing an additional 470 shares in the last quarter. Institutional investors own 90.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Oppenheimer decreased their target price on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Citigroup dropped their target price on shares of GXO Logistics from $51.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Truist Financial reduced their price target on GXO Logistics from $40.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group lowered their price target on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $66.00 target price (down from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $54.57.

GXO Logistics Price Performance

GXO Logistics stock opened at $40.60 on Wednesday. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 36.25, a PEG ratio of 1.34 and a beta of 1.56. The stock’s 50 day moving average is $37.20 and its 200-day moving average is $44.45. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. GXO Logistics, Inc. has a 12 month low of $30.46 and a 12 month high of $63.33.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the firm posted $0.45 EPS. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. Equities research analysts expect that GXO Logistics, Inc. will post 2.49 EPS 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.