GXO Logistics, Inc. (NYSE:GXO) Shares Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP raised its stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 69.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 85,950 shares of the company's stock after purchasing an additional 35,172 shares during the period. ExodusPoint Capital Management LP owned 0.07% of GXO Logistics worth $3,739,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GXO. Murphy & Mullick Capital Management Corp acquired a new stake in shares of GXO Logistics during the 4th quarter worth $41,000. Summit Securities Group LLC grew its position in 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 acquired a new stake in GXO Logistics during the fourth quarter worth about $54,000. Nomura Asset Management Co. Ltd. increased its stake in GXO Logistics by 33.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company's stock worth $60,000 after acquiring an additional 290 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of GXO Logistics by 213.5% in 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 period. Hedge funds and other institutional investors own 90.67% of the company's stock.

GXO Logistics Stock Up 1.7 %

GXO stock traded up $0.58 during midday trading on Friday, hitting $34.34. 1,298,242 shares of the company's stock were exchanged, compared to its average volume of 1,216,259. The firm has a 50 day moving average price of $38.98 and a 200-day moving average price of $47.55. GXO Logistics, Inc. has a 12-month low of $30.46 and a 12-month high of $63.33. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. 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 (NYSE:GXO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (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%. On average, analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on GXO. Truist Financial started coverage on shares of GXO Logistics in a research report on Thursday, March 13th. They set a "hold" rating and a $40.00 target price for the company. Barclays dropped their price objective 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. Morgan Stanley reduced their target price on shares of GXO Logistics from $63.00 to $57.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Loop Capital cut shares of GXO Logistics from a "buy" rating to a "hold" rating and decreased their price target for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $54.93.

About GXO Logistics

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.