177,094 Shares in GXO Logistics, Inc. (NYSE:GXO) Bought by Trexquant Investment LP

Trexquant Investment LP bought a new stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 177,094 shares of the company's stock, valued at approximately $7,704,000. Trexquant Investment LP owned about 0.15% of GXO Logistics at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Murphy & Mullick Capital Management Corp bought a new stake in shares of GXO Logistics during the fourth quarter valued at approximately $41,000. Summit Securities Group LLC grew its stake in shares of 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 in the last quarter. R Squared Ltd acquired a new position in shares of GXO Logistics during the fourth quarter valued at $54,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of GXO Logistics by 33.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company's stock valued at $60,000 after purchasing an additional 290 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of 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 valued at $60,000 after purchasing an additional 933 shares in the last quarter. Institutional investors own 90.67% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on GXO. Oppenheimer lowered their target price on shares of GXO Logistics from $67.00 to $55.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Wells Fargo & Company lowered their price objective on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Morgan Stanley cut their target price on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Barclays decreased their price target on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Finally, UBS Group decreased their target price 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. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.93.

GXO Logistics Stock Up 12.9 %

NYSE:GXO traded up $4.08 during trading hours on Wednesday, hitting $35.61. 3,114,014 shares of the company's stock traded hands, compared to its average volume of 1,213,015. The stock's fifty day moving average price is $39.40 and its two-hundred day moving average price is $47.78. The firm has a market cap of $4.26 billion, a P/E ratio of 31.79, a P/E/G ratio of 1.34 and a beta of 1.56. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. GXO Logistics, Inc. has a twelve month low of $30.46 and a twelve month high of $63.33.

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

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.