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

Burren Capital Advisors Ltd purchased a new stake in GXO Logistics, Inc. (NYSE:GXO) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 12,904 shares of the company’s stock, valued at approximately $561,000. GXO Logistics comprises 2.7% of Burren Capital Advisors Ltd’s portfolio, making the stock its 12th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Hara Capital LLC acquired a new position in GXO Logistics during the 3rd quarter valued at approximately $50,000. R Squared Ltd acquired a new position in shares of GXO Logistics during the fourth quarter valued at $54,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of GXO Logistics by 33.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock valued at $60,000 after acquiring an additional 290 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position 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 worth $60,000 after acquiring an additional 933 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of GXO Logistics in the 3rd quarter worth about $71,000. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Stock Down 0.7 %

GXO stock opened at $38.12 on Friday. 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 capitalization of $4.56 billion, a P/E ratio of 34.03, a P/E/G ratio of 1.34 and a beta of 1.62. GXO Logistics, Inc. has a 52-week low of $34.51 and a 52-week high of $63.33. The company’s 50 day simple moving average is $42.67 and its 200-day simple moving average is $49.87.

GXO Logistics (NYSE:GXO) last announced its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts anticipate that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GXO shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GXO Logistics in a research note on Friday. They set a “hold” rating and a $45.00 target price for the company. Stifel Nicolaus reiterated a “buy” rating and set a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Oppenheimer lowered their target price on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Wells Fargo & Company cut their target price on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Finally, UBS Group decreased their price target on GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.71.

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.