Jefferies Financial Group Inc. Has $2.73 Million Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Jefferies Financial Group Inc. lifted its stake in GXO Logistics, Inc. (NYSE:GXO) by 740.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,753 shares of the company’s stock after acquiring an additional 55,282 shares during the quarter. Jefferies Financial Group Inc. owned approximately 0.05% of GXO Logistics worth $2,730,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Hudson Bay Capital Management LP increased its stake in shares of GXO Logistics by 1,700.0% in the fourth quarter. Hudson Bay Capital Management LP now owns 90,000 shares of the company’s stock worth $3,915,000 after acquiring an additional 85,000 shares during the last quarter. Graham Capital Management L.P. acquired a new position in GXO Logistics during the fourth quarter worth $783,000. Eisler Capital Management Ltd. acquired a new position in GXO Logistics during the fourth quarter worth $7,964,000. Farallon Capital Management LLC acquired a new position in GXO Logistics during the fourth quarter worth $22,333,000. Finally, Clearline Capital LP acquired a new position in GXO Logistics during the fourth quarter worth $10,192,000. 90.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on GXO. Wells Fargo & Company lowered their target price on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Barclays lowered their target price on shares of 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. Loop Capital downgraded shares of GXO Logistics from a “buy” rating to a “hold” rating and lowered their target price for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. 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 report on Thursday, January 16th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $66.00 target price (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.57.

GXO Logistics Stock Down 0.5%

GXO stock opened at $40.60 on Wednesday. GXO Logistics, Inc. has a twelve month low of $30.46 and a twelve month high of $63.33. The company has a market cap of $4.75 billion, a PE ratio of 36.25, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. The business’s 50-day simple moving average is $37.20 and its 200 day simple moving average is $44.45. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83.

GXO Logistics (NYSE:GXO) last released its earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share 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 for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the business earned $0.45 earnings per share. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. On average, research analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current 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.