ExodusPoint Capital Management LP Grows Stock Position in GXO Logistics, Inc. (NYSE:GXO)

ExodusPoint Capital Management LP increased its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 69.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,950 shares of the company’s stock after acquiring an additional 35,172 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.07% of GXO Logistics worth $3,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new position in GXO Logistics during the 4th quarter valued at about $41,000. Summit Securities Group LLC increased its stake in shares of GXO Logistics by 870.9% during the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock valued at $44,000 after buying an additional 897 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in shares of GXO Logistics by 33.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock valued at $60,000 after acquiring an additional 290 shares in the last quarter. R Squared Ltd purchased a new stake in GXO Logistics in the fourth quarter worth $54,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in GXO Logistics in the third quarter valued at $71,000. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Performance

Shares of GXO stock opened at $34.23 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 30.57, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. GXO Logistics, Inc. has a one year low of $32.70 and a one year high of $63.33. The company’s 50-day moving average is $40.61 and its 200 day moving average is $48.37.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. Sell-side analysts expect that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group dropped their target price on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company cut their price objective 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. Stifel Nicolaus reiterated a “buy” rating and set a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Morgan Stanley dropped their price target on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Finally, Barclays decreased their price objective on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

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.