GXO Logistics (NYSE:GXO) Sets New 52-Week Low - Here's Why

Shares of GXO Logistics, Inc. (NYSE:GXO - Get Free Report) hit a new 52-week low on Friday . The company traded as low as $33.38 and last traded at $34.06, with a volume of 145230 shares traded. The stock had previously closed at $36.30.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wells Fargo & Company lowered their target price on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Oppenheimer dropped their price objective on shares of GXO Logistics from $67.00 to $55.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Citigroup reduced their target price on shares of GXO Logistics from $51.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday. UBS Group dropped their price target on shares of GXO Logistics from $72.00 to $50.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Finally, Loop Capital cut shares of GXO Logistics from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $71.00 to $49.00 in a research note on Monday, February 3rd. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $54.93.

GXO Logistics Trading Up 12.9 %

The firm has a 50-day moving average of $39.80 and a 200 day moving average of $47.98. The company has a market cap 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. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83.

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GXO Logistics (NYSE:GXO - Get Free Report) last posted 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 return on equity of 11.16% and a net margin of 1.14%. On average, analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GXO Logistics

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Douglas Lane & Associates LLC grew its stake in shares of GXO Logistics by 1.8% in the 1st quarter. Douglas Lane & Associates LLC now owns 489,436 shares of the company's stock valued at $19,127,000 after buying an additional 8,883 shares during the period. Sterneck Capital Management LLC boosted its holdings in GXO Logistics by 143.3% in the first quarter. Sterneck Capital Management LLC now owns 16,315 shares of the company's stock worth $638,000 after acquiring an additional 9,608 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in GXO Logistics in the first quarter valued at approximately $426,000. GAMMA Investing LLC increased its holdings in shares of GXO Logistics by 6,034.9% during the first quarter. GAMMA Investing LLC now owns 32,515 shares of the company's stock valued at $12,710,000 after acquiring an additional 31,985 shares in the last quarter. Finally, Boston Common Asset Management LLC acquired a new position in shares of GXO Logistics during the first quarter worth approximately $5,862,000. 90.67% of the stock is owned by institutional investors.

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.