Quadrature Capital Ltd Invests $245,000 in GXO Logistics, Inc. (NYSE:GXO)

Quadrature Capital Ltd bought a new position in shares of GXO Logistics, Inc. (NYSE:GXO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,700 shares of the company’s stock, valued at approximately $245,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Quantinno Capital Management LP acquired a new stake in GXO Logistics during the third quarter worth approximately $271,000. Motley Fool Asset Management LLC boosted its stake in GXO Logistics by 5.7% in the third quarter. Motley Fool Asset Management LLC now owns 161,867 shares of the company’s stock valued at $8,208,000 after acquiring an additional 8,658 shares in the last quarter. Holocene Advisors LP grew its holdings in shares of GXO Logistics by 7.2% during the third quarter. Holocene Advisors LP now owns 100,302 shares of the company’s stock worth $5,223,000 after purchasing an additional 6,767 shares during the last quarter. Aureus Asset Management LLC acquired a new stake in shares of GXO Logistics during the third quarter worth about $521,000. Finally, Paloma Partners Management Co purchased a new stake in shares of GXO Logistics in the 3rd quarter valued at about $227,000. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Price Performance

Shares of GXO opened at $49.44 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. The stock’s 50 day moving average is $58.12 and its two-hundred day moving average is $53.03. GXO Logistics, Inc. has a twelve month low of $46.07 and a twelve month high of $63.33. The firm has a market capitalization of $5.91 billion, a PE ratio of 54.93, a P/E/G ratio of 1.50 and a beta of 1.52.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. Research analysts anticipate that GXO Logistics, Inc. will post 2.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. TD Cowen raised their price target on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Citigroup began coverage on shares of GXO Logistics in a research report on Wednesday, October 9th. They set a “buy” rating and a $60.00 target price on the stock. Barclays decreased their price target on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Oppenheimer lifted their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, UBS Group increased their target price on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.33.

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.