Quinn Opportunity Partners LLC Makes New $783,000 Investment in GXO Logistics, Inc. (NYSE:GXO)

Quinn Opportunity Partners LLC bought a new position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 18,000 shares of the company's stock, valued at approximately $783,000.

A number of other hedge funds also recently made changes to their positions in GXO. Arizona State Retirement System raised its holdings in GXO Logistics by 0.8% during the 4th quarter. Arizona State Retirement System now owns 34,671 shares of the company's stock worth $1,508,000 after purchasing an additional 281 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of GXO Logistics by 33.3% during the 3rd 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 in the last quarter. Treasurer of the State of North Carolina raised its stake in GXO Logistics by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 51,616 shares of the company's stock worth $2,245,000 after buying an additional 330 shares during the period. Pacer Advisors Inc. raised its position in shares of GXO Logistics by 1.1% during the fourth quarter. Pacer Advisors Inc. now owns 30,815 shares of the company's stock worth $1,340,000 after purchasing an additional 338 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of GXO Logistics by 33.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company's stock worth $60,000 after purchasing an additional 348 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Stock Performance

NYSE:GXO traded up $0.68 during mid-day trading on Thursday, reaching $34.01. The company's stock had a trading volume of 392,510 shares, compared to its average volume of 1,222,541. GXO Logistics, Inc. has a 12-month low of $30.46 and a 12-month high of $63.33. 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's fifty day moving average price is $38.39 and its two-hundred day moving average price is $47.20. The stock has a market cap of $4.06 billion, a P/E ratio of 30.38, a PEG ratio of 1.34 and a beta of 1.56.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, beating the consensus estimate 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, equities analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on GXO shares. Truist Financial initiated coverage on GXO Logistics in a research note on Thursday, March 13th. They issued a "hold" rating and a $40.00 target price on the stock. UBS Group cut their price target on GXO Logistics from $72.00 to $50.00 and set a "buy" rating for the company in a report on Friday, February 14th. Loop Capital downgraded GXO Logistics from a "buy" rating to a "hold" rating and cut their target price for the stock from $71.00 to $49.00 in a research note on Monday, February 3rd. Citigroup decreased their price target on GXO Logistics from $51.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group decreased their target price 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 equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.93.

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.