14,119 Shares in GXO Logistics, Inc. (NYSE:GXO) Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. purchased 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 institutional investor purchased 14,119 shares of the company’s stock, valued at approximately $614,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale acquired a new stake in shares of GXO Logistics during the 3rd quarter worth about $28,000. UMB Bank n.a. grew its stake in GXO Logistics by 111.4% during the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after buying an additional 331 shares during the last quarter. Signaturefd LLC increased its holdings in shares of GXO Logistics by 37.2% during the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after buying an additional 249 shares in the last quarter. Hara Capital LLC bought a new position in shares of GXO Logistics in the third quarter valued at approximately $50,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of GXO Logistics by 37.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock worth $54,000 after acquiring an additional 282 shares in the last quarter. 90.67% of the stock is owned by institutional investors.

GXO Logistics Price Performance

GXO Logistics stock opened at $43.27 on Friday. The firm has a market capitalization of $5.17 billion, a P/E ratio of 48.08, a PEG ratio of 1.24 and a beta of 1.60. The business has a 50-day moving average of $45.71 and a 200-day moving average of $51.34. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. GXO Logistics, Inc. has a 1 year low of $41.38 and a 1 year high of $63.33.

Wall Street Analysts Forecast Growth

GXO has been the subject of a number of recent analyst reports. The Goldman Sachs Group dropped their price target on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Oppenheimer upped their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. TD Cowen raised their price objective on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Loop Capital lowered shares of GXO Logistics from a “buy” rating to a “hold” rating and reduced their target price for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. Finally, Barclays lowered 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 report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.46.

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.