Bryce Point Capital LLC Acquires Shares of 11,398 GXO Logistics, Inc. (NYSE:GXO)

Bryce Point Capital LLC bought a new stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,398 shares of the company's stock, valued at approximately $496,000.

Other institutional investors have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new position in GXO Logistics during the 4th quarter worth $41,000. Summit Securities Group LLC lifted its stake 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 acquiring an additional 897 shares during the period. R Squared Ltd bought a new position in GXO Logistics in the fourth quarter valued at about $54,000. Nomura Asset Management Co. Ltd. increased its position in GXO Logistics by 33.3% in the third 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. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in GXO Logistics by 213.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company's stock worth $60,000 after purchasing an additional 933 shares during the last quarter. 90.67% of the stock is owned by institutional investors.

GXO Logistics Stock Up 12.9 %

Shares of GXO stock traded up $4.08 on Wednesday, hitting $35.61. 3,114,014 shares of the stock were exchanged, compared to its average volume of 1,213,015. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $4.26 billion, a P/E ratio of 31.79, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. GXO Logistics, Inc. has a fifty-two week low of $30.46 and a fifty-two week high of $63.33. The business has a 50-day moving average of $39.40 and a 200 day moving average of $47.78.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating 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%. Equities analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Analysts Set New Price Targets

GXO has been the subject of several analyst reports. Truist Financial initiated coverage on shares of GXO Logistics in a research report on Thursday, March 13th. They set a "hold" rating and a $40.00 price target for the company. Stifel Nicolaus restated a "buy" rating and issued a $66.00 price target (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Barclays dropped their price objective on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. Morgan Stanley reduced their target price on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Finally, Oppenheimer lowered their price target on GXO Logistics from $67.00 to $55.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, GXO Logistics has a consensus rating of "Moderate Buy" and a consensus price target of $54.93.

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.