234,288 Shares in GXO Logistics, Inc. (NYSE:GXO) Purchased by Clearline Capital LP

Clearline Capital LP acquired a new position in shares of GXO Logistics, Inc. (NYSE:GXO) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 234,288 shares of the company’s stock, valued at approximately $10,192,000. GXO Logistics makes up 1.3% of Clearline Capital LP’s investment portfolio, making the stock its 25th biggest holding. Clearline Capital LP owned approximately 0.20% of GXO Logistics as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Douglas Lane & Associates LLC raised its holdings in shares of GXO Logistics by 6.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock worth $20,904,000 after purchasing an additional 31,015 shares during the period. Tidal Investments LLC purchased a new stake in GXO Logistics during the 3rd quarter worth approximately $667,000. Barclays PLC boosted its stake in GXO Logistics by 28.9% during the 3rd quarter. Barclays PLC now owns 62,545 shares of the company’s stock valued at $3,256,000 after acquiring an additional 14,020 shares during the last quarter. Kirr Marbach & Co. LLC IN increased its position in shares of GXO Logistics by 57.1% in the 4th quarter. Kirr Marbach & Co. LLC IN now owns 155,720 shares of the company’s stock worth $6,774,000 after purchasing an additional 56,581 shares during the last quarter. Finally, Sterling Capital Management LLC grew its stake in GXO Logistics by 55.5% in the fourth quarter. Sterling Capital Management LLC now owns 6,957 shares of the company’s stock worth $303,000 after purchasing an additional 2,482 shares in the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on GXO. Loop Capital downgraded 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 report on Monday, February 3rd. The Goldman Sachs Group cut their price target on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Morgan Stanley dropped their target price on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft began coverage on GXO Logistics in a research note on Friday, March 7th. They set a “hold” rating and a $45.00 price objective for the company. Finally, Citigroup cut their price target on shares of GXO Logistics from $51.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $54.57.

GXO Logistics Stock Performance

GXO Logistics stock opened at $38.18 on Thursday. The firm has a market capitalization of $4.47 billion, a P/E ratio of 34.09, a P/E/G ratio of 1.34 and a beta of 1.56. The stock has a fifty day moving average price of $37.03 and a two-hundred day moving average price of $45.16. GXO Logistics, Inc. has a 52-week low of $30.46 and a 52-week high of $63.33. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86.

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

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.