8,096 Shares in GXO Logistics, Inc. (NYSE:GXO) Acquired by Polymer Capital Management US LLC

Polymer Capital Management US LLC bought a new position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,096 shares of the company's stock, valued at approximately $352,000.

Several other hedge funds have also recently bought and sold shares of the business. Arizona State Retirement System grew its stake in GXO Logistics by 0.8% during the fourth quarter. Arizona State Retirement System now owns 34,671 shares of the company's stock worth $1,508,000 after buying an additional 281 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in GXO Logistics by 33.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company's stock worth $60,000 after purchasing an additional 290 shares during the period. Pacer Advisors Inc. increased its holdings in GXO Logistics by 1.1% in the 4th quarter. Pacer Advisors Inc. now owns 30,815 shares of the company's stock valued at $1,340,000 after purchasing an additional 338 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in GXO Logistics by 33.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company's stock valued at $60,000 after purchasing an additional 348 shares during the period. Finally, Stablepoint Partners LLC raised its position in GXO Logistics by 4.2% in the fourth quarter. Stablepoint Partners LLC now owns 15,916 shares of the company's stock valued at $692,000 after purchasing an additional 637 shares during the period. Hedge funds and other institutional investors own 90.67% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GXO shares. Morgan Stanley lowered their target price on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Loop Capital downgraded shares of GXO Logistics from a "buy" rating to a "hold" rating and lowered their price objective for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Barclays reduced 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. Wells Fargo & Company decreased their target price on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Finally, UBS Group dropped their price target on shares of GXO Logistics from $72.00 to $50.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $54.93.

GXO Logistics Stock Performance

NYSE:GXO traded up $0.58 during trading hours on Friday, reaching $34.34. 1,298,242 shares of the stock were exchanged, compared to its average volume of 1,217,560. The stock has a market capitalization of $4.10 billion, a P/E ratio of 30.66, a P/E/G ratio of 1.34 and a beta of 1.56. The firm has a 50 day simple moving average of $38.98 and a 200-day simple moving average of $47.52. 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 52 week low of $30.46 and a 52 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, topping 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%. As a group, sell-side analysts forecast 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.