Burren Capital Advisors Ltd Invests $561,000 in GXO Logistics, Inc. (NYSE:GXO)

Burren Capital Advisors Ltd acquired a new position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,904 shares of the company's stock, valued at approximately $561,000. GXO Logistics makes up about 2.7% of Burren Capital Advisors Ltd's investment portfolio, making the stock its 12th biggest position.

Several other institutional investors also recently modified their holdings of the stock. Hara Capital LLC bought a new stake in GXO Logistics during the third quarter worth about $50,000. R Squared Ltd bought a new position in GXO Logistics during the 4th quarter worth approximately $54,000. Nomura Asset Management Co. Ltd. increased its stake in shares of 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 buying an additional 290 shares during the period. 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 acquiring an additional 933 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in GXO Logistics during the 3rd quarter valued at approximately $71,000. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Stock Performance

Shares of NYSE:GXO traded up $1.40 during trading on Wednesday, hitting $38.39. The company's stock had a trading volume of 2,191,825 shares, compared to its average volume of 1,126,866. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. The firm 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 company has a 50-day moving average of $42.33 and a 200-day moving average of $49.65. GXO Logistics, Inc. has a 12 month low of $34.51 and a 12 month high of $63.33.

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GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, topping 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, sell-side analysts expect that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on GXO shares. Oppenheimer reduced their price target on shares of GXO Logistics from $67.00 to $55.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley reduced their price objective 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. UBS Group dropped their target price on GXO Logistics from $72.00 to $50.00 and set a "buy" rating on the stock in a report on Friday, February 14th. The Goldman Sachs Group reduced their price target on GXO Logistics from $63.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Finally, Wells Fargo & Company dropped their price target 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. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $56.71.

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.