Arvin Capital Management LP Invests $9.51 Million in GXO Logistics, Inc. (NYSE:GXO)

Arvin Capital Management LP bought a new position in GXO Logistics, Inc. (NYSE:GXO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 218,496 shares of the company's stock, valued at approximately $9,505,000. GXO Logistics comprises about 2.7% of Arvin Capital Management LP's portfolio, making the stock its 16th biggest position. Arvin Capital Management LP owned approximately 0.18% of GXO Logistics at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in GXO Logistics in the 4th quarter worth approximately $55,266,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of GXO Logistics in the fourth quarter valued at $47,626,000. River Road Asset Management LLC boosted its position in shares of GXO Logistics by 53.5% in the fourth quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company's stock worth $87,355,000 after buying an additional 699,636 shares during the period. Raymond James Financial Inc. purchased a new position in shares of GXO Logistics during the fourth quarter valued at $20,905,000. Finally, Life Planning Partners Inc raised its position in GXO Logistics by 4,250.0% during the fourth quarter. Life Planning Partners Inc now owns 263,393 shares of the company's stock valued at $11,458,000 after buying an additional 257,338 shares during the period. Institutional investors and hedge funds own 90.67% of the company's stock.

GXO Logistics Stock Performance

GXO traded down $0.70 during trading on Friday, hitting $35.78. The stock had a trading volume of 1,091,269 shares, compared to its average volume of 1,235,604. 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 12 month low of $30.46 and a 12 month high of $63.33. The company has a 50 day simple moving average of $37.64 and a 200-day simple moving average of $46.56. The firm has a market cap of $4.19 billion, a PE ratio of 31.95, a P/E/G ratio of 1.34 and a beta of 1.56.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GXO. Loop Capital lowered GXO Logistics from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. UBS Group decreased their price target on shares of GXO Logistics from $72.00 to $50.00 and set a "buy" rating for the company in a report on Friday, February 14th. Citigroup dropped their price objective on shares of GXO Logistics from $51.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Barclays cut their target price 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. Finally, The Goldman Sachs Group lowered their price target 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. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $54.57.

GXO Logistics 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.