1492 Capital Management LLC Acquires Shares of 35,905 GXO Logistics, Inc. (NYSE:GXO)

1492 Capital Management LLC acquired a new position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 35,905 shares of the company's stock, valued at approximately $1,562,000.

Other large investors also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new position in GXO Logistics during the 4th quarter valued at $41,000. Summit Securities Group LLC lifted its position in shares of GXO Logistics by 870.9% during the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock valued at $44,000 after purchasing an additional 897 shares in the last quarter. R Squared Ltd purchased a new position in GXO Logistics during the fourth quarter worth about $54,000. Thurston Springer Miller Herd & Titak Inc. increased 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 valued at $60,000 after buying an additional 933 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of GXO Logistics by 33.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company's stock worth $60,000 after buying an additional 348 shares in the last quarter. Institutional investors own 90.67% of the company's stock.

GXO Logistics Trading Up 3.6 %

Shares of GXO stock traded up $1.19 during mid-day trading on Tuesday, reaching $34.28. The stock had a trading volume of 601,554 shares, compared to its average volume of 1,228,588. The firm has a market capitalization of $4.10 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. The stock's 50-day moving average price is $37.83 and its two-hundred day moving average price is $46.81. 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 52-week low of $30.46 and a 52-week high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. Equities analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GXO shares. Deutsche Bank Aktiengesellschaft began coverage on GXO Logistics in a report on Friday, March 7th. They issued a "hold" rating and a $45.00 target price for the company. The Goldman Sachs Group decreased their target price on GXO Logistics from $63.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. UBS Group cut their price target on GXO Logistics from $72.00 to $50.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Oppenheimer dropped their price objective on shares of GXO Logistics from $67.00 to $55.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Finally, Loop Capital lowered shares of GXO Logistics from a "buy" rating to a "hold" rating and lowered their price target for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.93.

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.