Graham Capital Management L.P. Invests $783,000 in GXO Logistics, Inc. (NYSE:GXO)

Graham Capital Management L.P. acquired a new stake in GXO Logistics, Inc. (NYSE:GXO) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 18,000 shares of the company’s stock, valued at approximately $783,000.

Several other institutional investors have also recently added to or reduced their stakes in GXO. Murphy & Mullick Capital Management Corp acquired a new stake in GXO Logistics in the 4th quarter worth about $41,000. Summit Securities Group LLC increased its stake in shares of GXO Logistics by 870.9% during the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock valued at $44,000 after acquiring an additional 897 shares during the last quarter. R Squared Ltd purchased a new position in shares of GXO Logistics during the 4th quarter worth about $54,000. Quarry LP boosted its position in shares of GXO Logistics by 1,334.9% in the fourth quarter. Quarry LP now owns 1,234 shares of the company’s stock worth $54,000 after acquiring an additional 1,148 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in GXO Logistics by 213.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock valued at $60,000 after purchasing an additional 933 shares during the period. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Trading Up 1.0%

NYSE GXO opened at $40.95 on Thursday. The stock has a market cap of $4.79 billion, a P/E ratio of 36.56, a PEG ratio of 1.34 and a beta of 1.56. The company’s fifty day simple moving average is $37.26 and its 200-day simple moving average is $44.43. 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 52 week low of $30.46 and a 52 week 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, topping analysts’ consensus estimates of $0.26 by $0.03. The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.94 billion. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. The firm’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 EPS. Equities research analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Analysts Set New Price Targets

GXO has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft began coverage on shares of GXO Logistics in a research note on Friday, March 7th. They set a “hold” rating and a $45.00 price target on the stock. Wells Fargo & Company cut their target price 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. Truist Financial lowered their price target on GXO Logistics from $40.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Morgan Stanley cut their price objective on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Finally, The Goldman Sachs Group reduced their price objective on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.57.

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.