Farallon Capital Management LLC Invests $22.33 Million in GXO Logistics, Inc. (NYSE:GXO)

Farallon Capital Management LLC bought a new position in GXO Logistics, Inc. (NYSE:GXO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 513,400 shares of the company’s stock, valued at approximately $22,333,000. Farallon Capital Management LLC owned 0.43% of GXO Logistics as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp purchased a new position in shares of GXO Logistics in the 4th quarter worth $41,000. Summit Securities Group LLC increased its stake in GXO Logistics by 870.9% in the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock worth $44,000 after purchasing an additional 897 shares during the period. R Squared Ltd bought a new stake in shares of GXO Logistics during the fourth quarter worth $54,000. Quarry LP grew its holdings in shares of GXO Logistics by 1,334.9% in the fourth quarter. Quarry LP now owns 1,234 shares of the company’s stock worth $54,000 after purchasing an additional 1,148 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in GXO Logistics by 213.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock worth $60,000 after acquiring an additional 933 shares in the last quarter. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Performance

Shares of GXO Logistics stock opened at $39.70 on Friday. The business has a 50-day moving average of $37.06 and a 200 day moving average of $45.00. 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, Inc. has a 12 month low of $30.46 and a 12 month high of $63.33. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 35.44, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56.

GXO Logistics (NYSE:GXO) last announced 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 business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the company posted $0.45 earnings per share. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. As a group, sell-side analysts forecast that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GXO. Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 price objective (down previously from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Oppenheimer dropped their target price on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Barclays decreased their price objective on shares of 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. Loop Capital lowered shares of GXO Logistics from a “buy” rating to a “hold” rating and decreased their price target for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group lowered their target price on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.57.

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.