Aigen Investment Management LP Buys Shares of 7,700 GXO Logistics, Inc. (NYSE:GXO)

Aigen Investment Management LP purchased a new position in GXO Logistics, Inc. (NYSE:GXO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,700 shares of the company's stock, valued at approximately $335,000.

Other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new position in GXO Logistics in the fourth quarter worth $1,255,000. NINE MASTS CAPITAL Ltd acquired a new position in GXO Logistics during the 4th quarter valued at about $483,000. Jones Financial Companies Lllp raised its stake in GXO Logistics by 49.7% in the fourth quarter. Jones Financial Companies Lllp now owns 2,959 shares of the company's stock valued at $129,000 after buying an additional 983 shares during the last quarter. Firetrail Investments PTY Ltd. boosted its holdings in GXO Logistics by 9.0% in the fourth quarter. Firetrail Investments PTY Ltd. now owns 219,694 shares of the company's stock worth $9,591,000 after acquiring an additional 18,191 shares in the last quarter. Finally, Bridges Investment Management Inc. grew its stake in shares of GXO Logistics by 18.2% during the fourth quarter. Bridges Investment Management Inc. now owns 7,335 shares of the company's stock worth $319,000 after acquiring an additional 1,129 shares during the last quarter. Institutional investors own 90.67% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Morgan Stanley lowered their target price on shares of GXO Logistics from $63.00 to $57.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GXO Logistics in a report on Friday, March 7th. They set a "hold" rating and a $45.00 price objective on the stock. Barclays reduced their target price 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. Oppenheimer cut their price target on GXO Logistics from $67.00 to $55.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus restated a "buy" rating and issued a $66.00 price target (down previously from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.71.

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GXO Logistics Stock Up 3.8 %

Shares of GXO traded up $1.40 during mid-day trading on Wednesday, hitting $38.39. 1,611,272 shares of the company's stock were exchanged, compared to its average volume of 1,126,866. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. The company has a market cap of $4.59 billion, a price-to-earnings ratio of 34.28, a P/E/G ratio of 1.34 and a beta of 1.62. The stock's 50-day moving average is $42.33 and its 200-day moving average is $49.65. GXO Logistics, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $63.33.

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