Schonfeld Strategic Advisors LLC Raises Stock Position in GXO Logistics, Inc. (NYSE:GXO)

Schonfeld Strategic Advisors LLC lifted its position in GXO Logistics, Inc. (NYSE:GXO) by 79.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,069 shares of the company’s stock after purchasing an additional 20,446 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in GXO Logistics were worth $2,004,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new stake in shares of GXO Logistics in the 4th quarter worth approximately $41,000. Summit Securities Group LLC lifted its holdings in GXO Logistics by 870.9% during the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock worth $44,000 after buying an additional 897 shares during the period. Quarry LP boosted its position in GXO Logistics by 1,334.9% during the 4th quarter. Quarry LP now owns 1,234 shares of the company’s stock valued at $54,000 after acquiring an additional 1,148 shares in the last quarter. R Squared Ltd purchased a new position in shares of GXO Logistics in the 4th quarter valued at $54,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of GXO Logistics in the 3rd quarter worth $71,000. Institutional investors own 90.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft initiated coverage on GXO Logistics in a research note on Friday, March 7th. They issued a “hold” rating and a $45.00 target price on the stock. Morgan Stanley reduced their price objective on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. The Goldman Sachs Group lowered 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 note on Thursday, January 16th. Wells Fargo & Company reduced their price target 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. Finally, Barclays lowered their price objective on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, GXO Logistics presently has an average rating of “Moderate Buy” and an average target price of $54.57.

GXO Logistics Stock Performance

Shares of NYSE GXO opened at $37.33 on Tuesday. The company has a 50 day simple moving average of $37.09 and a two-hundred day simple moving average of $45.26. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 1.34 and a beta of 1.56. 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 12 month low of $30.46 and a 12 month high of $63.33.

GXO Logistics (NYSE:GXO) last posted its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. As a group, analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

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.