Driehaus Capital Management LLC Increases Stake in GXO Logistics, Inc. (NYSE:GXO)

Driehaus Capital Management LLC boosted its stake in GXO Logistics, Inc. (NYSE:GXO) by 22.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 141,320 shares of the company’s stock after purchasing an additional 26,099 shares during the quarter. Driehaus Capital Management LLC owned about 0.12% of GXO Logistics worth $6,147,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Barclays PLC increased its holdings in shares of GXO Logistics by 28.9% during the 3rd quarter. Barclays PLC now owns 62,545 shares of the company’s stock worth $3,256,000 after buying an additional 14,020 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in GXO Logistics during the third quarter worth about $71,000. Tidal Investments LLC acquired a new stake in GXO Logistics during the third quarter worth about $667,000. Harbor Capital Advisors Inc. raised its holdings in shares of GXO Logistics by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 48,937 shares of the company’s stock worth $2,129,000 after purchasing an additional 1,172 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in shares of GXO Logistics in the 4th quarter valued at about $182,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on GXO. Deutsche Bank Aktiengesellschaft started coverage on shares of GXO Logistics in a report on Friday, March 7th. They issued a “hold” rating and a $45.00 price target on the stock. Oppenheimer reduced their target price on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Morgan Stanley lowered 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. UBS Group reduced their price objective on GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.57.

GXO Logistics Stock Performance

Shares of GXO Logistics stock opened at $39.67 on Friday. The firm has a market cap 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. GXO Logistics, Inc. has a 1 year low of $30.46 and a 1 year high of $63.33. The firm’s 50-day simple moving average is $37.11 and its 200-day simple moving average is $44.86. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83.

GXO Logistics (NYSE:GXO) last issued its earnings results on Wednesday, May 7th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.26 by $0.03. The company had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.94 billion. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. The business’s revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. Equities analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

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.