AXQ Capital LP Raises Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

AXQ Capital LP boosted its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 11.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,835 shares of the company’s stock after acquiring an additional 1,469 shares during the quarter. AXQ Capital LP’s holdings in GXO Logistics were worth $602,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GXO. State Street Corp grew its holdings in shares of GXO Logistics by 1.9% in the third quarter. State Street Corp now owns 3,631,328 shares of the company’s stock worth $189,083,000 after purchasing an additional 66,232 shares during the last quarter. Swedbank AB grew its stake in GXO Logistics by 13.9% in the 4th quarter. Swedbank AB now owns 2,050,000 shares of the company’s stock worth $89,175,000 after acquiring an additional 250,000 shares in the last quarter. River Road Asset Management LLC increased its position in shares of GXO Logistics by 53.5% during the fourth quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company’s stock worth $87,355,000 after acquiring an additional 699,636 shares during the period. Geode Capital Management LLC raised its stake in shares of GXO Logistics by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,982,920 shares of the company’s stock valued at $103,279,000 after acquiring an additional 29,992 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of GXO Logistics by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,197,898 shares of the company’s stock valued at $62,375,000 after purchasing an additional 17,953 shares during the period. Institutional investors own 90.67% of the company’s stock.

Analyst Ratings Changes

GXO has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 target price (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. UBS Group decreased their price objective on GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GXO Logistics in a report on Friday, March 7th. They set a “hold” rating and a $45.00 target price on the stock. Morgan Stanley reduced their price target on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Finally, Oppenheimer dropped their price objective on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, GXO Logistics currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.60.

GXO Logistics Stock Down 0.7 %

GXO Logistics stock opened at $40.39 on Friday. GXO Logistics, Inc. has a 1-year low of $34.51 and a 1-year high of $63.33. The business has a fifty day moving average price of $41.70 and a 200-day moving average price of $49.12. 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 stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 36.06, a PEG ratio of 1.34 and a beta of 1.62.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share 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%. Equities research analysts forecast that GXO Logistics, Inc. will post 2.49 EPS for the current fiscal year.

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.