J. Goldman & Co LP Acquires Shares of 530,585 GXO Logistics, Inc. (NYSE:GXO)

J. Goldman & Co LP bought a new stake in shares of GXO Logistics, Inc. (NYSE:GXO) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 530,585 shares of the company’s stock, valued at approximately $23,080,000. J. Goldman & Co LP owned about 0.44% of GXO Logistics as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in GXO. Kovitz Investment Group Partners LLC lifted its stake in GXO Logistics by 28,112.6% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company’s stock valued at $114,036,000 after buying an additional 2,612,223 shares during the period. Norges Bank acquired a new stake in shares of GXO Logistics in the 4th quarter valued at approximately $55,266,000. Vaughan Nelson Investment Management L.P. bought a new position in GXO Logistics during the 4th quarter worth approximately $47,626,000. Alyeska Investment Group L.P. acquired a new position in GXO Logistics during the fourth quarter valued at approximately $46,523,000. Finally, River Road Asset Management LLC increased its stake in GXO Logistics by 53.5% in the fourth quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company’s stock valued at $87,355,000 after purchasing an additional 699,636 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analyst Ratings Changes

GXO has been the topic of a number of recent analyst reports. Oppenheimer reduced their price target on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. UBS Group reduced their target price on GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Barclays dropped their price target on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Truist Financial decreased their price objective on GXO Logistics from $40.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Finally, Wells Fargo & Company dropped their target price on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $54.57.

GXO Logistics Stock Down 0.1 %

Shares of GXO stock opened at $39.67 on Friday. The firm’s fifty day moving average price is $37.11 and its two-hundred day moving average price is $44.74. 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 1 year low of $30.46 and a 1 year high of $63.33. The firm has a market capitalization of $4.64 billion, a P/E ratio of 35.42, a PEG ratio of 1.34 and a beta of 1.56.

GXO Logistics (NYSE:GXO) last released its earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the business earned $0.45 earnings per share. GXO Logistics’s quarterly revenue was up 21.2% on a year-over-year basis. On average, equities analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal 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.