Graham Capital Management L.P. Acquires New Stake in GXO Logistics, Inc. (NYSE:GXO)

Graham Capital Management L.P. acquired a new position in shares of GXO Logistics, Inc. (NYSE:GXO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 18,000 shares of the company’s stock, valued at approximately $783,000.

A number of other large investors also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new position in GXO Logistics during the fourth quarter worth about $41,000. Summit Securities Group LLC raised its stake in shares of GXO Logistics by 870.9% during the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock worth $44,000 after buying an additional 897 shares in the last quarter. R Squared Ltd acquired a new stake in shares of GXO Logistics in the 4th quarter valued at approximately $54,000. Quarry LP boosted its stake 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 valued at $54,000 after buying an additional 1,148 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in GXO Logistics by 213.5% during the fourth 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 during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Performance

NYSE GXO opened at $40.95 on Thursday. 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, Inc. has a fifty-two week low of $30.46 and a fifty-two week high of $63.33. The business has a fifty day moving average of $37.26 and a 200-day moving average of $44.43. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 36.56, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on GXO. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Truist Financial cut their price target on shares of GXO Logistics from $40.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group decreased their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. UBS Group lowered their target price on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Finally, Barclays reduced their price target 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. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.57.

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.